Are electronic signatures acceptable?

Yes. Electronic signatures are enforceable under the federal ESIGN Act (15 U.S.C. ch. 96) and UETA where adopted. Ensure the record shows intent to sign, consent to use electronic records, attribution to the signer, and reliable retention.

When is notarization required?

Notarization or witness requirements depend on state law and lender policy. Some jurisdictions or lenders require a notarized signature for certain attestations; confirm with the lender or local notary rules.

What if I discover an error after signing?

Contact the lender immediately. Minor clerical corrections typically require an initialed amendment or replacement page; material changes may require a re-signed statement or notarized amendment.

How should supporting documents be attached?

Attach clear scanned PDFs of paystubs, bank statements, tax returns, and ID. Use lender-specified file names and formats, and follow any maximum size limits in the submission portal.

Who may sign the statement?

Only individuals named on the loan or their authorized signatories may sign. Authorized agents should provide a power of attorney or evidence of signing authority accepted by the lender.

Can I withdraw consent to electronic records?

For consumer-facing transactions, consumer disclosure rules under ESIGN (15 U.S.C. §7001(c)) require the ability to withdraw consent. Follow the lender’s prescribed withdrawal procedure to request paper records instead.

Electronic Signature
Templates
Miscellaneous
Financial FHA Statement

Financial FHA Statement

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

FINANCIAL FHA STATEMENT

Client Name: Entity Type: Individual Corporation LLC

Company/Firm Name (if applicable):

Address FHA Case / Reference Number

RECITALS

WHEREAS, Client seeks preparation and certification of a financial statement for purposes related to FHA consideration, loan underwriting, modification, or review; and

WHEREAS, Financial Representative agrees to prepare, compile and deliver the Financial FHA Statement in accordance with the scope and terms set forth in this Agreement; and

WHEREAS, the parties desire to record their mutual commitments, including confidentiality and governing law provisions, as set forth below.

SCOPE OF WORK

Description of Services

Services shall include: compilation of income documentation, asset verification, liabilities schedule, preparation of the Financial FHA Statement, and delivery of a signed statement suitable for submission to FHA-related reviewers or their designees. Financial Representative will rely on documents and information provided by Client and will not independently verify third-party records except as expressly set forth in this Agreement.

FINANCIAL SUMMARY

Monthly Gross Income Monthly Net Income Total Liquid Assets Total Debt Obligations Monthly Housing Expenses (PITI) Other Monthly Obligations (Auto, Student Loans, etc.)

PAYMENT TERMS

Client shall pay Financial Representative the fees set forth below for preparation and delivery of the Financial FHA Statement. Fees are earned upon delivery of the final statement.

Fee Amount Payment Schedule Late Payment Fee

TERM AND TERMINATION

This Agreement commences on Start Date and continues until completion of the Services or earlier termination as set forth herein.

Start Date Estimated Completion / End Date Notice Period for Termination (days)

Either party may terminate this Agreement for material breach by the other party if such breach is not remedied within the stated notice period. Termination shall not relieve Client of obligations to pay fees for work performed prior to termination.

CONFIDENTIALITY

Both parties acknowledge that the information exchanged in connection with this Agreement, including but not limited to income records, bank statements, tax returns and the Financial FHA Statement itself, constitutes confidential financial information. Neither party shall disclose Confidential Information to any third party except as required by law, court order, or as necessary to perform the services contemplated by this Agreement. The receiving party shall use at least the same standard of care to protect Confidential Information as it uses to protect its own confidential information, but in no event less than reasonable care.

REPRESENTATIONS AND WARRANTIES

Client represents and warrants that all information and documents provided to Financial Representative are true, accurate and complete to the best of Client's knowledge. Financial Representative represents that the Financial FHA Statement will be prepared in accordance with applicable professional standards for compilation and certification and will accurately reflect the information provided by Client.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to its conflict of laws principles.

ENTIRE AGREEMENT

This Agreement, including any schedules and attachments hereto, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, proposals, and communications, whether written or oral. No amendment or modification of this Agreement shall be effective unless in writing and signed by both parties.

CERTIFICATION

By signing below, Client certifies that the financial information provided is true and complete, authorizes Financial Representative to prepare and deliver the Financial FHA Statement, and acknowledges the payment and confidentiality terms set forth herein.

Client Printed Name:

By:

Date:

Financial Representative Printed Name:

By:

Date:

What the Financial FHA Statement Is and When It’s Used

A Financial FHA Statement is a borrower-supplied financial disclosure used in transactions involving Federal Housing Administration (FHA) programs. It summarizes income, assets, liabilities, monthly housing expenses, and material financial declarations the lender and FHA need for underwriting, loan modification, assumption, or loss-mitigation reviews. The form supports verification of ability to repay, property qualification, and eligibility for FHA-insured products; accuracy and complete supporting documentation are essential to avoid underwriting delays or adverse determinations.

Why the Financial FHA Statement Matters for Underwriting and Compliance

A complete, accurate Financial FHA Statement ensures the lender and FHA can assess borrower eligibility, calculate repayment capacity, and meet regulatory documentation standards under HUD/FHA underwriting guidelines and applicable federal law.

Who Typically Prepares and Reviews This Document

Several parties routinely prepare, submit, or review the Financial FHA Statement during the mortgage lifecycle.

Borrowers and co-borrowers providing verified income, asset, and liability information to support underwriting.
Loan officers and underwriters evaluating debt-to-income ratios, reserves, and program eligibility for FHA cases.
Closing agents or settlement officers assembling final loan packages and confirming signatures and acknowledgements.

Each party has distinct responsibilities: borrowers supply accurate entries, lenders verify and document, and closing agents confirm final execution and recordkeeping.

Core sections to include in a professional Financial FHA Statement

A well-structured statement organizes financial facts so underwriters can quickly verify eligibility and spot inconsistencies.

Income

Detailed recurring income summary: wages, overtime, bonuses, self-employment net income, rental income, and documentation types for verification.

Assets

Cash, checking, savings, retirement, investment accounts, gift funds, and reserves with account numbers and recent statements attached.

Liabilities

All monthly debt obligations including mortgages, auto loans, student loans, and minimum credit card payments with creditor details.

Housing Costs

Current and proposed housing payment details: principal, interest, taxes, insurance, HOA dues, and projected escrow obligations.

Declarations

Yes/No disclosures about bankruptcies, liens, foreclosures, judgments, and other material facts required by FHA and lender.

Signatures

Executed signature block(s), dates, printed names, and notarization or witness details if the lender or local law requires them.

Required information and fields you must include

Full legal name: Enter borrower name as on government ID

Social Security Number: Provide full SSN or ITIN for verification

Gross monthly income: List income before taxes and deductions

Asset details: Account type, institution, and current balance

Monthly liabilities: Creditor, balance, and required payment

Declarations box: Yes/No responses to material legal questions

Step-by-step: completing and submitting the Financial FHA Statement

Follow these steps to reduce errors and streamline lender review.

01

Gather documents: Collect paystubs, bank statements, tax returns, and ID.
02

Complete fields: Enter numbers in required formats and attach supporting files.
03

Verify and sign: Confirm entries, sign, and notarize if required.
04

Submit to lender: Upload through lender portal or deliver to closing agent.

Configuring an online workflow for the Financial FHA Statement

Use a consistent digital workflow that enforces field validation, attachments, and signer authentication for reliable submissions.

Field validation rules	Require numeric formats and MM/DD/YYYY for dates
Required attachments	Enforce upload of paystubs and bank statements
Conditional fields	Show additional questions based on prior answers
Signer authentication	Use email code, SMS, or stronger verification
Audit trail retention	Capture timestamps, IPs, and action logs

Where to send the completed Financial FHA Statement

Choose the destination based on the transaction stage and the lender’s instructions.

Lender portal: Primary submission route for underwriting review
Loan originator: Direct email or portal upload to the loan officer
Closing agent: Provide final executed copies before closing
HUD/FHA record: Lender includes form in FHA case binder when required

Digital signing and file-format considerations

Use secure, tamper-evident file types and authentication methods accepted by the lender and permitted under ESIGN/UETA.

File formats: PDF or PDF/A preferred for consistent rendering
Integrations: Support for lender systems like LOS and document repositories
Authentication: Email, SMS, or stronger multi-factor methods

Ensure the chosen platform produces an audit trail and a reproducible record that meets ESIGN (15 U.S.C. ch. 96) and any lender-specific requirements.

Key timing events and typical processing expectations

Be aware of lender and FHA timing milestones to avoid last-minute issues at underwriting or closing.

At application submission:

Provide the completed statement with initial loan packet

Prior to underwriting:

Lender must have supporting documentation for verification

Before closing:

Final signed statement required for loan documents

Post-closing recordkeeping:

Lender retains executed copies in loan file

Correction windows:

Respond to lender requests promptly to avoid delays

Common mistakes that delay underwriting

Providing inconsistent income figures between the statement and tax returns which triggers additional documentation requests and slows processing.
Omitting account numbers or recent statement dates for assets, making it harder for the lender to verify reserves and requiring follow-up.
Using incorrect date formats or unsigned signature blocks that cause the lender to reject the submission for formal execution.
Failing to disclose material events such as recent credit inquiries, collections, or foreclosures that can affect program eligibility.

Risks and consequences of an incorrect or incomplete statement

Loan denial: Application may be rejected for insufficient documentation

Underwriting delays: Additional verification requests extend processing time

Backup withholding: 24% withholding risk for incorrect TIN information

Notarization failure: Missing notary or witness invalidates certain attestations

Fraud investigation: Material misstatements can trigger lender or legal action

Loss of FHA benefits: Ineligibility for FHA programs if material criteria unmet

Practical examples of typical uses

These short scenarios illustrate common contexts where a Financial FHA Statement is required and how it supports decision-making.

Purchase Application Scenario

A borrower completes the statement and attaches two months of paystubs and bank statements

Lender verifies income and reserves
The organized submission shortened underwriting questions and avoided a second document request, enabling timely loan approval and an on-schedule closing by reducing follow-up cycles.

Loan Modification Scenario

A homeowner seeking FHA loss-mitigation provides updated income and hardship declarations

Servicer reviews current obligations and income
Clear documentation allowed the servicer to evaluate modification eligibility quickly and communicate conditional terms without repeated resubmissions.

eSignature vendor comparison for preparing and signing Financial FHA Statements

The table summarizes basic pricing and feature availability across common eSignature providers. signNow is listed first per vendor ordering conventions.

	signNow	DocuSign	Adobe Sign	PandaDoc	HelloSign
Starting Price	$8/user/mo	$15/user/mo	$14/user/mo	$19/user/mo	$15/user/mo
Free Trial	Yes, 7-day trial	No	No	Yes, limited	Yes, limited
Bulk Send	Yes	Yes	Yes	Yes	No
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No

Frequently asked questions about completing and submitting the Financial FHA Statement

Answers below address common legal, technical, and procedural questions encountered by borrowers and lenders.

Need help? Contact support

Are electronic signatures acceptable?
Yes. Electronic signatures are enforceable under the federal ESIGN Act (15 U.S.C. ch. 96) and UETA where adopted. Ensure the record shows intent to sign, consent to use electronic records, attribution to the signer, and reliable retention.
When is notarization required?
Notarization or witness requirements depend on state law and lender policy. Some jurisdictions or lenders require a notarized signature for certain attestations; confirm with the lender or local notary rules.
What if I discover an error after signing?
Contact the lender immediately. Minor clerical corrections typically require an initialed amendment or replacement page; material changes may require a re-signed statement or notarized amendment.
How should supporting documents be attached?
Attach clear scanned PDFs of paystubs, bank statements, tax returns, and ID. Use lender-specified file names and formats, and follow any maximum size limits in the submission portal.
Who may sign the statement?
Only individuals named on the loan or their authorized signatories may sign. Authorized agents should provide a power of attorney or evidence of signing authority accepted by the lender.
Can I withdraw consent to electronic records?
For consumer-facing transactions, consumer disclosure rules under ESIGN (15 U.S.C. §7001(c)) require the ability to withdraw consent. Follow the lender’s prescribed withdrawal procedure to request paper records instead.

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