FHA requires, that you provide us with certain information that verifies who you are,  your age, your income and your credit (other documents may be required). Please have the following information ready when we meet.

US Citizens or Legal Residents (Green Card)

q Credit Report:  Tri-merged
q Counseling Certificate
: Original of the signed and dated Certificate  for Home Purchase
q  Identification: A color copy of your valid Driver‘s License or State issued picture ID – face must be recognizable. (Florida Drivers License Dept. 1-800-617-2000). In its place:  valid passport, Military ID.

q Social Security: A legible copy of your signed Social Security card (not metal cards) or a copy of your signed Medicare card. (If you are 65+).
1)  If Employed: Pay-stubs last 30 days,
2)  If Self-Employed:  * Profit & Loss Statement Year-to-date.
  * Copies of the Last two years Taxes. (ALL SCHEDULES- ALL PAGES). 
  *  Last 2 years W2 and/or 1099
3) Award/Benefit Letters from Government and/or Pensions..
 Bank Statement:  Copies of the last 3 from ALL Accounts.  ALL PAGES.
 Investments: Copies of last Statement from ALL  (Stocks, Bonds, IRA, 401k, Pensions, etc…).
q Statements from ALL “Lump sum distributions”. 

From The Property:

q YOUR REALTOR: (if any):      Name: ________________________________________  

Teleph: ______________________  email: _____________________________________________
q SELLER or REALTOR: (if any):    Name: _____________________________________  

Teleph: ______________________  email: _____________________________________________

 SALE-PURCHASE Executory  Contract: An original or LEGIBLE Copy, with ALL the Riders including  “FHA Financing” Rider subject to “HECM for Purchase” financing, . with all Signature and Initials.  ALL PAGES. Must specify at least 60 days for Closing .
q FHA Amendatory Clause: signed and dated on or before the date of the Sale-Purchase Contract

q NEW CONSTRUCTION:  Certificate of Occupancy, issued PRIOR to application.
q FHA Approved Condo or a Townhouse: Name and telephone of the condo or HO Assoc. or the Management Company. _____________________________________Tel:_______________
q Earnest Money: Verification of Deposit (cancelled check or bank statement) and Escrow Letter.


q IMPORTANT:  DOWN PAYMENT: must use only funds deposited in checking/savings/investment accounts or from the sale or liquidation of the Borrower’s assets for the required monetary investment. Provide last 3 months financial institution statements showing the liquid amount, or HUD1 or Closing Disclosure and deed if from sale of a property. All funds must be sourced and seasoned .  NOT ACCEPTABLE: “Mattress Money”, Cashiers Checks,. Borrowed funds of ANY type:, subordinate liens, personal loans, cash withdrawals from credit cards, retirement accounts, seller financing and or any loans on any assets.  

q  Monetary Gifts: Acceptable only from  relatives (by blood, marriage or adoption), domestic partner or Fiancée. Must provide “Gift Letter” and  bank statements.

q Sellers/Developer/Realtor’s Credits/Concessions or Contributions: Not Acceptable.  

q Seller’s “Perks”: Might be Acceptable if no money exchanged.
Home Warranty: may be paid by Buyer or Seller.

Other Specific Cases (if applicable)

If Buyer is a RENTER: Reference letter from Landlord and copies of last 12 moth cancelled checks.

q IF BUYER OWNS OTHER PROPERTIES: Information on EACH:  1) Address, 2) County and State where located  3) if it is Investment or 2nd Home,  4) Property Tax Bill,   5) ALL Insurance Policies’ Declaration pages  6) HOA Payment and 24 month history of payments.  7) Rent Roll.
Trust: Must be revocable. Please provide copy of the complete document prior to application. Consult attorney.
BANKRUPTCY: Chap. 7: 24 months wait from discharge. Chap. 13: 12 months no late payments and, Court Authorization.  Copy of entire package.
q Legal Resident (Green Card): color copy of both sides of the card (face must be recognizable).

q POWER OF ATTORNEY (POA): If Borrower(s) has(ve) a Power of Attorney: Notify us and Provide copy prior to  the Counseling Session for evaluation. POA must participate in the counseling and be named in the Certificate. POA Requirements: It must be Durable (continues in effect if the borrower becomes incompetent); Give the right to purchase and encumber the property; Revocable; Executed by a competent borrower prior to the date of application. Provide a color copy of the POA’s photo ID and Social Security Card prior to the time the application is submitted. Please consult your attorney. If a Borrower is incompetent or incapacitated: a letter from Physician stating date of incompetence or incapacitation.
q  CO-SIGNER for another person’s debt: copy of Contract and of the last 12 cancelled check paid by other person.

q ALTERNATIVE CREDIT: Utilities and Personal Loans: Last Statements from: a) electricity,                           b) Water/sewer  c) Telephone   d) Personal Loans: Last Statement AND last 12 cancelled checks


NOTE: Please have all exhibits ready for our meeting or send to my attention. Failure to provide these documents in a timely manner, may delay the closing. Other documents may be required.  Subject to errors and omissions and to change without prior notice     


Reverse Mortgage Home Purchase Estimate Request

If you are Realtor for a Senior Buyer please fill only the Last Name of your customer as identifier. Any contact will be through you. Please include as much requested information as possible. Estimates will be more accurate when Dates of Birth are provided. If you prefer you can print the form and fax it to 786-345-0783 or email it to View Privacy Policy:

HECM PURCHASE ESTIMATE Request Information Form

Great Florida Lending, Inc

2828 Coral Way, Ste. 470
Miami, FL 33145