1sttymbuyr, James is correct. These days the underwriting approval process, in terms of the amount of documentation you must provide, is very similar whether you are going for an FHA, VA or conventional mortgage. VA & FHA have a little bit more, but conventional has nearly as much. Getting a mortgage is similar to an IRS audit, every deposit you make into checking/savings that isn't from your paychecks is going to be scrutinized to make sure it's from a valid source, you will need to provide photo ID, social security cards, tax returns, W-2's, 401k terms & conditions (if you are using a 401k as assets) and a variety of other items as well. Since you have already begun the process for an FHA loan and it sounds like the underwriters have already reviewed your documentation, starting up with a new lender or loan program would likely require you to replicate a lot of your past efforts.
This article from Forbes magazine may help shed some light on why you are being required to document everything from your blood type to a DNA sample (joking). http://www.forbes.com/sites/moneybuilder/2012/03/09/the-perf
- lenders aren't looking for the "perfect loan", they are looking for the "perfect loan file" meaning all documentation that anyone could ever possibly want is in there.
Shane Milne | Lending in all 50 states | NMLS #81195