FHA Home Loans Refinancing

Flexible FHA Guidelines for American Homeowners


FHA continues to have no credit score requirements; however, many FHA mortgage 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 loan default or foreclosure purposes. Below is a list of required documentation for FHA loans for mortgage refinancing. Please gather the FHA requirements and have the list of loan documentation available before submitting your refinance loan to the FHA underwriter or loan processor.

For FHA home refinance loans, conforming mortgages, cash out refinancing, etc.

  • 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 Copy of Bankruptcy Discharge (if applicable)
  • o Drivers License with photo ID (copy)
  • o Social Security Cards
  • o Existing Mortgage Statements (copy of statement or coupon)
  • o Termite Report (cleared by the inspector)
  • o Declaration Page Homeowners Insurance (copy)

2 comments so far

We are looking to close in Oct on a home we are moving into in May. I have been told in order to purchase this “lease purchase” we need to lease the home for at least 6 month prior to closing. But, another source told us the six month requirement only implies if you are a realative or involved in business with the owner/seller ie. work directly for the owner/seller. Which is correct??

I am trying to close on a FHA chafa loan. I am being told that my child support can not be counted because he does not pay with a check. He pays me cash. I have a court order and provide him receipts each month. Why can it not be included in my income becuase he pays cash and waht other doucmentation can an under writter use in order to use this documentation?


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