An FHA loan is a government-backed mortgage insured by the Federal Housing Administration (FHA). This type of mortgage is popular with first-time homebuyers and those who do not have the means for a larger down payment. But how do you know if an FHA loan is the right decision for you? Along with the four […]
Tag Archives | FHA loan
Which Type of Mortgage is Right for You?
So you’re thinking of buying a home? Congratulations! Most people associate the home buying process with calling a realtor, finding the perfect home, negotiating the deal, having inspections performed, and then setting a close date. Just as important, however, is deciding which mortgage is right for you. A little proactive planning can help you accomplish […]
3 Common Questions about FHA Loans
Do you plan on buying a home in the new year? Maybe you’ve found the right home but are now trying to decide which type of financing is right for you? An FHA loan is a popular loan option that many Indianapolis home buyers choose. But how do you know if it’s right for you? […]
Conventional vs. FHA Loans
You’ve been looking for a new home and considering the possible ways to finance it. You know you’ll need to take out a mortgage and have narrowed it down to either a conventional or FHA loan. However, you’re having some trouble deciding which one is best. First, we recommend that you set up a time to […]
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Required Documents
- 2 most recent paycheck stubs
- 2 months of bank statements (checking, savings, etc.)
- 2 years full federal tax returns (including W-2s and 1099s)
- Copy of your driver’s license
- Insurance agent contact information
If applicable, the following items will also be needed
- Divorce decree
- Bankruptcy papers
- Proof of child support
- Awards letter (social security and pension)