Current Employer

• An FHA-approved underwriter reviews details about your current employment. Information shown on your mortgage loan application, such as your place of employment, employer’s address, employer’s phone number, your job title and your dates of employment are verified before a final FHA loan approval is issued.
  
  

Past Employers

• Past employers shown on your loan application are contacted if you have worked for less than two years for your current employer. The same type of information that gets verified through your current employer is requested from past employers. Multiple employers may be listed on your loan application to cover a two-year work history. For instance, if you worked for four employers during the previous two-year period, you’ll need to list details for each of the past employers, as well as a written explanation for any gaps in your employment history.
  
  

Earnings

• Earnings verifications covering a two-year period are required on FHA loans. An underwriter will request that your current and past employers complete an income verification form. Your most recent earnings history will be reviewed to determine if you qualify for an FHA loan.
  
  

Streamline Loans

• The FHA provides streamline loans to borrowers who want to refinance an existing FHA-insured mortgage loan. If your loan is current you apply for an FHA streamline loan. Income documents and your work history are not required. However, cash-out is not permitted and the transaction must lower your existing mortgage payment.
  
  

Consideration

• To apply for an FHA loan, contact an FHA-approved mortgage lender. Typically, an FHA lender will need your bank statements, W-2 forms and tax returns for the previous two-year period, as well as recent pay stubs. Your lender will review your financial information and check your work history to determine if you can obtain an FHA loan.