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Woodland Realty
  • Welcome to Woodland Realty
  • For Sellers
    • Sell
    • Update Your Listing
    • Home Seller Resources
    • Net to Seller Worksheet
    • Top 12 Reasons Why Your Listing Expired
    • Seller FAQs
  • For Buyers
    • Search for a Home
    • Lease Purchase Home Program Georgia
    • Atlanta Down Payment Assistance Programs
    • Free Homebuyer Education Course
    • Home Buyer Resources
    • Buy Your Dream Home With Confidence
    • Home Inspection Rebate Program
    • Buy a Home with Low Credit
    • How Woodland Realty Works with Home Buyers
    • Buyer FAQs
  • Property Management Services
    • Atlanta Residential Property Management Services
    • AirBNB Host Ready Program
    • Atlanta Commercial Property Management
    • Before and After
    • For Tenants
  • Contact Us
    • About Us

678-695-6990

  • For Sellers
    • Sell
    • Update Your Listing
    • Home Seller Resources
    • Net to Seller Worksheet
    • Top 12 Reasons Why Your Listing Expired
    • Seller FAQs
  • For Buyers
    • Search for a Home
    • Lease Purchase Home Program Georgia
    • Atlanta Down Payment Assistance Programs
    • Free Homebuyer Education Course
    • Home Buyer Resources
    • Buy Your Dream Home With Confidence
    • Home Inspection Rebate Program
    • Buy a Home with Low Credit
    • How Woodland Realty Works with Home Buyers
    • Buyer FAQs
  • Property Management Services
    • Atlanta Residential Property Management Services
    • AirBNB Host Ready Program
    • Atlanta Commercial Property Management
    • Before and After
    • For Tenants
  • Contact Us
    • About Us
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Documents You Need for an FHA Mortgage Pre-Approval

Documents You Need for an FHA Mortgage Pre-Approval

If you're serious about buying a home, getting pre-approved for a mortgage is a critical step. It’s also a tedious one. Lenders seem to want a mountain of documents and have so many requirements.Yet the payoff is worth it. Most agents recommend mortgage pre-approval because it strengthens your offer. Sellers like to know the buyer already has financing secured.

Plus, you're going to need that same hefty stack of paperwork for your official mortgage application once you've got a contract on a home, so you're really knocking out two tasks at once.To help, we've created a documents checklist for the most common loan type, an FHA mortgage.

FHA Loan Documents

If you're applying for mortgage pre-approval with the Federal Housing Administration, you'll need these documents:

  • Identification (one of these, which you will need to show in person)
  1. Driver's license
  2. Passport
  3. Other state- or federal-issued ID
  • Income
  1. Pay stubs for the last 30 days, if applicable
  2. Last two federal tax returns
  3. Last two W-2s or 1099s, if applicable
  4. Proof of any additional income (second jobs, social security, alimony, etc.)
  • Accounts
  1. Last two statements on all bank accounts — be sure to include all pages, even blank ones
  2. Statements for all investment and/or retirement accounts
  • Property
  1. Closing disclosure (or HUD-1 if the sale took place before Oct. 3, 2015) for previous purchase
  • Additional documents
  1. Contact information for your landlord(s) for the last two years, if applicable
  2. Divorce decree, separation agreement, and/or property settlement agreement, if applicable
  3. Gift letter if a family member is helping with down payment (lender will have form)
  4. A letter of explanation (LOE) for late payments, collections, judgments, or other derogatory items in your credit history, if applicable

Have questions? Click here to schedule a free home buyer consultation

Brooke Adams

13.07.2021

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Woodland Realty

Woodland Realty is an Atlanta area real estate brokerage with services for buyers, sellers, commercial and residential landlords.

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678-695-6990

Address

2995 E. Point St, Ste 154, Atlanta GA 30344

Email

info@woodlandrealty.properties

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