Asked by Ponyboy1125@gmail.com, • Fri Jul 19, 2013
I am currently trying to get preapproved for an FHA loan. My income is less than adequate currently so my father has agreed to cosign. When she gave us a list of the paperwork we were required to give to her before she submitted to an underwriter she told my father that she need statements from his 401k along with (it sounded like she said) the withdrawal terms/terms of withdrawal from the 401k. The way she explained it, it sounded like she needed directions on how to get money out of the 401k. I have been searching the internet and haven't seen anything about the requirements regarding your 401k. Also this seems like a reputable lending services company and both me and my father were a little turned off by this 401k talk. Any help would be appreciated.
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