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FHA Fixed Rate and ARM Program Summary (Part I) & FHA High Balance Fixed Rate and ARM Program Summary (Part II) Part I FHA Fixed Rate and ARM Program Matrix: PURCHASE Doc TypeOccupancyUnitsFICOLTV/CLTVFullPrimary
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How to fill out part i - fha

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Point by point guide to fill out part i - fha:

01
Enter the full legal name: Provide the complete legal name of the individual or entity applying for the FHA loan. This should be the same name that appears on all relevant documents.
02
Social Security Number (SSN): Enter the SSN for the primary applicant. If there is additional co-applicant, enter their SSN as well.
03
Current address: Provide the current residential address of the primary applicant, including the street address, city, state, and ZIP code.
04
Date of birth: Enter the date of birth for the primary applicant.
05
Telephone numbers: Provide primary and alternate contact numbers, including mobile and home phone numbers.
06
Employer's name and address: Fill in the name and address of the primary applicant's current employer, along with the duration of employment.
07
Monthly income: State the gross monthly income for the primary applicant, including all sources of income such as wages, bonuses, commissions, and any other form of regular payment.
08
Assets and liabilities: List all assets and liabilities of the primary applicant, including bank accounts, investments, real estate, automobile loans, credit card debts, and any other financial obligations.
09
Residence information: Indicate the length of time the primary applicant has lived at their current residence, and if applicable, include previous addresses for the past two years.
10
Purpose of the loan: Specify the purpose for which the FHA loan will be used, such as the purchase, refinance, or rehabilitation of a property.

Who needs part i - fha?

Part I - FHA is essential for anyone applying for an FHA loan. This form is required by the Federal Housing Administration (FHA) to gather vital information about the borrower, their financial situation, and the intended use of the loan. Whether you are an individual or an entity seeking an FHA loan, you must fill out Part I - FHA accurately to ensure your application is processed smoothly. This form helps the FHA evaluate your eligibility and assess your ability to repay the loan, thereby playing a crucial role in the loan approval process.
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Part I - FHA is a section of a form related to Federal Housing Administration documentation.
Lenders and borrowers involved in FHA loans are required to file Part I - FHA.
Part I - FHA should be filled out according to the instructions provided on the form.
The purpose of Part I - FHA is to provide necessary information related to FHA loans.
Information such as borrower details, property information, and loan details must be reported on Part I - FHA.
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