FHA loans are often the best choice for many individuals looking to buy a home. Not only does it require a lower amount of down payment but also a lower credit score.
Because of these reasons, FHA loans are among some of the most popular options people opt for. But despite that being the case, the FHA loan application process is still confusing for many. Applicants aren’t sure of the application procedure, and there are plenty of uncertainties about what documents they need to complete it.
Simplify the FHA loan application process for applicants using this template from Clustdoc. The template is divided into five sections, with the applicants being able to upload relevant documents in each section.
In the first section, applicants can upload documents about their identification. In the second section, they will be able to upload documents about their income, including federal tax returns, W-2s or 1099s, and pay stubs.
The third and fourth sections are for applicants to upload documents about their accounts and property, respectively. Additional documents such as divorce decree, separation agreement, gift letter, and more can be uploaded in the final section.