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Before you get an FHA mortgage for a new or existing home, your loan and closing checklists will help you prepare properly for the loan process. Take the time to discuss the items on these checklists with your realtor and loan officer.

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November 17, 2019
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FHA.com is a privately owned website, is not a government agency, and does not make loans.

FHA Requirements

A Good Loan Checklist Creates a Smooth Application

FHA Loan Checklist

Before you start the FHA loan process, be prepared to provide some information to your loan officer. Have it ready now to save time later.

  • Address to your place of residence (past two years)
  • Social Security numbers
  • Names and location of your employers (past two years)
  • Gross monthly salary at your current job(s)
  • Pertinent information for all checking and savings accounts
  • Pertinent information for all open loans
  • Complete information for other real estate you own
  • Approximate value of all personal property
  • Certificate of Eligibility and DD-214 (for veterans only)
  • Current check stubs and your W-2 forms (past two years)
  • Personal tax returns (past two years), current income statement and business balance sheet for self-employed individuals

In addition, you will need to pay for a credit report and appraisal of the property.

Don't Forget About Your Closing Checklist

As the buyer and borrower, you will have items on your checklist that are required by your lender, the seller, and even the title company.

The closing checklist covers all the fees to be paid, the information to be provided, and the disclosures to be signed before the title is conveyed to you. Having this checklist ready helps you stay on track as a buyer, and ensures that your closing goes the way you expect.

  • IDENTIFICATION
    All parties at the closing should have valid ID.
  • POLICY OF TITLE INSURANCE
    You must pay for title insurance that guarantees the property is free of previous claims or liens.
  • INSURANCE
    Before you can close on the property, you need to secure homeowner’s insurance, which insures the property in the case of damage.
  • CLOSING FUNDS
    You must bring all funds agreed upon, in the form of a cashier’s check or via electronic wire.

Take the time to discuss the items on your checklist with your realtor, to make sure there is nothing you’re forgetting, and to have the peace of mind that after the closing settlement you’ll be able to move into your new home.

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FHA Loan Articles and Mortgage News

What Affects My Down Payment for an FHA Loan?

October 22, 2019 - What affects a borrower’s down payment for an FHA mortgage loan? There are some factors to consider when planning your home loan; saving up for a down payment is one of the most important early planning goals you’ll make. But how much is a down payment?

FHA Home Loans and Your Income

October 21, 2019 - To qualify for a mortgage loan you must have stable and reliable employment, and income that can be verified by the lender.  But, not all types of income qualify for the lender’s use when calculating your ability to afford the loan.

How to Use Your FHA Home Loan

October 19, 2019 - Some borrowers might think advice on how to use an FHA home loan is a bit redundant; after all, an FHA mortgage is intended to buy, build, or refinance a home. What else could you possibly do with it?

How Bad Is it to Miss a Mortgage Payment?

October 18, 2019 - Your credit scores are an important part of home loan approval. But if you apply for an FHA mortgage or any other type of major line of credit, your credit history will also play a big role in getting your loan approved.

FHA Home Loan Down Payment Tips

October 16, 2019 - Planning and saving for your down payment is one of the most important steps of your mortgage loan process. Here are some tips that can help you get closer to your financial goals where the down payment is concerned.