FHA loan programs provide an equal opportunity for lending with expanded credit guidelines with no credit score requirements; however, many FHA lenders and banks are requiring a minimum credit score to protect them on the secondary market in the event the US government did not insure the entire mortgage for home loan default purpose. Below is a list of required documentation for FHA home loans for a purchase money mortgage. Please gather the FHA requirements and have the list of documentation ready before submitting your mortgage into process.

o    HUD-1 Statement showing Purchase Money Transaction as required by:

o    1 Month worth of t recent paystubs (indicating YTD Year to Date income)

o    2 Recent Years of W-2’s (for borrowers with a salary)

o    If Self Employed Borrowers; 2 recent tax returns with all schedules (including all pages with commission, dividend, rental income)

o    Social security, pension and/or retirement award letters (if applicable)

o    2 most recent bank statement for all accounts with all pages (copies of 2 recent months)

o    Existing statements for all investment and saving accounts with all pages

o    Written Letter of Explanation detailing derogatory comments and late payments on credit report

o    Drivers License with photo ID (copy)

o    Social Security Cards

o    Name, Address and Telephone Number of Landlord for the past year.

o    Sales Contract with Listing and Selling Agent phone Numbers

o    Clear Termite Report

o    Well and Septic Certifications (if applicable)