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Typically Required FHA/VA Loan Documents

The following is a checklist outlining the commonly required documents for an FHA/VA loan. The items in bold are most commonly required for conventional loans.

(1)Last 2 years W-2's.
(2)Last 30 day period of pay stubs.
(3)Last 2 years Federal 1040's (all pages) for borrowers who are self-employed, as sole-proprietor, own 25% or more of a corporation or partnership, commission earnings representing 25% or more of annual income, or income from other non-employment sources.
(4)If employed less than 2 years and previously in the military, a copy of service discharge, or if previously a student, a copy of transcript.
(5)Name, address, phone number, and start and ending dates of employer(s) for last 24 months.
(6)Account statements for last 2 months (all pages) from all checking, savings, investment, and retirement accounts.
(7)Name, address, phone number of landlord(s) for past 24 months.
(8)For VA loans, Certificate of Eligibility and DD214.
(9)Bankruptcy in last 10 years, a copy of the discharge (all pages).
(10)Divorce Decree and Separation Agreement to document financial liabilities and / or spousal support / child support.
(11)Gift funds permitted, but require very specific documentation. Consult HMC.
(12)Letter of explanation for any gap(s) of employment during past 24 months.
(13)Letter of explanation for any derogatory credit, collections, liens, or judgments.
(14)Letter of explanation for large deposits on bank statements not identified as pay roll deposit or transfer from another account.

This list is not all encompassing, but certainly covers the vast majority of typical documentation or information needed to obtain full loan approval. The items in bold (01, 02, 05, 06, & 07) are the most common and most basic items required.

Thanks to Stacy for providing this checklist!

Stacy Groza Davis
Real Living Mortgage, LLC
An Affiliate of Wells Fargo Home Mortgage
740-689-8388 (Direct)
740-334-8410 (Cell)
866-922-5442 (E-Fax)

The help I offer for homesellers and Homebuyers!!

If you're selling a home, I will help you achieve your goals in the shortest amount of time, with the least inconvenience possible.
Help establish a reasonable selling price for your home within its fair market value.
Market your home through the Multiple Listing Service (MLS).
Counsel you on the visual presentation of your property and suggest ways to enhance its marketability.
Coordinate the advertising of industry-leading marketing technologies.
Pre-qualify buyers when possible.
Coordinate the details of your closing with all parties involved.
And last but not least your home is sold!!

If a Picture is Worth a Thousand Words, What Are the Photos of Your Home Saying to Prospective Buyers?

Some surveys indicate that as many as 85% of prospective home buyers start their search online. Next to the awesome power of the Multiple Listing Service® to expose a listing to agents, the Internet is now the single most important marketing venue for real estate. Naturally, photographs are an important part of the internet and MLS® marketing plan. Many times, buyers will decide if they'll visit a house, and agents will decide if they'll show a property based on the photos which accompany the listing.

With that in mind, I can't help but be amazed at the substandard work which agents and sellers seem to be prepared to accept when it comes to photography. If you've spent any amount of time looking at homes on the internet, you're already aware that there are far too many lousy and useless images out there.

Good quality photographs are difficult to achieve and it's very clear that a real estate agent can't be expected to have professional photography skills. They should, however be able to recognize a completely terrible image and keep themselves from posting it where the whole world may see it. Common sense should tell us that some routine tidying up will enhance our images, that proper lighting is essential for good exposures and that we shouldn't take pictures of rooms which can't adequately be captured with the equipment we're using.

So with this in mind I am teaming up with a local photographer who is truly a master in her craft. Her name is Amy Mullins of Amy Rebecca Photography on 1371 Sugar grove Rd., Lancaster, Oh 43130 Phone (740) 304-7193. Click on the link below to check out her work!!!

In todays market with so much homes on the market your home needs to be set apart from the rest!!! Here are a few tips that when you list your home.

1.Ask prospective agents to show you samples of their photographic work and understand that what they show you probably represents their best effort.

2.Insist on reviewing images before they are posted to the MLS® or the Internet.

3.Demand retakes of images that don't show your home professionally.

4.Also ask your agent if they may help you with staging your home for showings, open houses and pictures.

Let's get your home sold together!!!

A Little about Myself

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.