I’ll get asked now and then… Mark, what do you need to bring to a loan application?  Since FHA financing is so popular these days, I thought I’d share this nifty checklist.  Buyers will find that if they are on a salary, and been on their job for a year, it will be smooth sailing.  Underwriting guidelines for mortgage loans get interesting for self employed, commission, or people using overtime pay to calculate their income. 

On the whole, an FHA underwriter will give the borrower the benefit of the doubt, but all buyers need to document their income.

As always, call me if you have any questions…. or need a clear copy of this checklist!!

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