REQUIRED DOCUMENTS FOR FHA LOANS
- Clear copy of your Driver’s License or Green Card if not US Citizen.
- Two or more current, consecutive pay stubs; to equal one full month of pay
- Last two years of W-2’s or 1099’s
- Last two years of complete tax returns with all schedules.
- Two current months of bank statements on all accounts, including pages intentionally left blank
*Each mortgage is unique and depending on your situation (bankruptcy, citizenship, etc), other documentation may be required. Please call for free consultation.
UNDERSTANDING FHA LOANS
Even the Federal Government wants to see you have an opportunity to become a homeowner, so they created Federal Housing Administration Loans (FHA Loans) to make sure your dream becomes reality. These loans have attractive interest rates and flexible qualification requirements designed to ease you out of renting and into home ownership. Some can even qualify with a credit score of just 580 and no personal cash in savings. FHA Loans encourage their applicants to get their down payments as a cash gift from family or use a state or local government down-payment assistance program. Even with these minimal qualifications many loan officers make mistakes in the home process like not properly reporting financial gifts or mishandling the government’s first time homebuyer paperwork resulting in the loan getting revoked. What you need is a good mortgage consultant who has experience with the FHA process, a track record of closing within 30 days and can make sure you get the loan with terms you can afford. We put a lot of emphasis on understanding every aspect of your finances to be sure we are fully prepared for any curve balls that might be thrown our way. This attention to detail is the reason why our biggest referral source for business has always been Realtors and that’s because – we make sure closings happen.
The FHA is not a direct lender, so borrowers need to get their loan from an FHA approved lender. Be warned that not all FHA approved lenders have the same interest rate, cost or even the same FHA Loan. Because of these variables it’s very important to choose the right mortgage professional the first time. We explain every aspect of the process and your loan OK pawn shop options in terms you will understand. We make sure you’ll have the best possible outcome on one of the biggest purchases you will ever make. We simplify the home buying process and make sure you get the best terms, interest rate and possibly save you thousands of dollars. Once you’re a client our team will be available to you outside of normal business hours and on weekends when you need to ask questions throughout the process. Choosing Tampa One can be the difference in you getting the FHA Loan you’ve deserve or losing out.
For as little as 3.5% down, Tampa One can get you an FHA Loan with the best available interest rates and the lowest possible monthly payment. Many large mortgage companies and banks can only give you one interest rate option with a loan offer because they are forced to lend their own money. Some of the small local mortgage companies have the ability to shop for rates, but they’re stuck with whatever their lending partners have to offer. Tampa One has the ability to get you the best rates because we work closely with multiple A-rated mortgage companies and we are a direct lender. This means we can shop for the best rates nationwide and Tampa One also has the ability to directly loan you our money to buy your home. At Tampa One our process is built on integrity, knowledge, transparency and availability to ensure that you get the best possible outcome for yourself, your loved ones and your future.