FHA Cash-Out Refinance Requirements
Complete documentation checklist for your application
Use this comprehensive checklist to gather all necessary documents for your FHA cash-out refinance application. Having these documents ready will significantly speed up your approval process.
Typical Timeline
With all documents ready: 30-45 days from application to closing
Missing documents can add 1-2 weeks to the process
Income & Employment
W-2 Forms (2 years)*Required
Most recent two years of W-2 statements from all employers
Pay Stubs (30 days)*Required
Most recent 30 days of pay stubs showing year-to-date earnings
Tax Returns (2 years)*Required
Complete federal tax returns including all schedules
Employment Verification*Required
Letter from employer confirming position and income
Self-Employment Docs
Profit/loss statements and business tax returns if self-employed
Assets & Bank Statements
Bank Statements (2 months)*Required
All pages of checking and savings account statements
Investment Accounts
Statements for 401(k), IRA, stocks, bonds if using for reserves
Gift Letter
If receiving gift funds, letter stating no repayment required
Large Deposit Explanation*Required
Documentation for any deposits exceeding 25% of monthly income
Current Property
Current Mortgage Statement*Required
Most recent statement showing balance, payment, and escrow
Property Tax Bill*Required
Most recent property tax statement or bill
Homeowners Insurance*Required
Current policy declarations page showing coverage amounts
HOA Documents
HOA fee statements and budget if applicable
12 Month Payment History*Required
Proof of on-time mortgage payments for past 12 months
Credit & Debt
Credit Report Authorization*Required
Signed authorization to pull credit report
Debt Statements*Required
Recent statements for all loans, credit cards, and debts
Letter of Explanation
Explanation for any credit issues, late payments, or collections
Bankruptcy Documents
Discharge papers if bankruptcy in past 4 years
Personal Identification
Driver's License*Required
Valid government-issued photo ID
Social Security Card*Required
Original or certified copy of Social Security card
Green Card/Visa
If not a US citizen, proof of legal residency
Additional Requirements
- • Property must have been owned and occupied for at least 12 months
- • No late mortgage payments in the past 12 months
- • Minimum credit score of 580 for maximum cash-out
- • Maximum 80% loan-to-value ratio after refinance
- • Property must pass FHA appraisal and meet minimum standards
Tips for a Smooth Application
- Gather all documents before starting your application
- Ensure all pages are included for multi-page documents
- Documents should be clear, legible, and recent (within 60 days)
- Have explanations ready for any unusual deposits or credit issues
- Keep originals but submit copies unless specifically requested
Need Help Gathering Documents?
Our FHA specialists can guide you through the documentation process and answer any questions.
Documentation requirements may vary based on individual circumstances. Additional documents may be requested during underwriting. All documents subject to verification. NMLS #1577754 | Equal Housing Lender