VIRGIN  ISLANDS  
HOUSING  FINANCE  AUTHORITY  
100  Lagoon  Complex  ·∙  Suite  4  ·∙  Frederiksted,  USVI  00840  
Telephone  (340)  772-­‐4432  ·∙  Fax:  (340)  772-­‐4002  
Email:  vihfa@vihfa.gov  
LOSS MITIGATION CHECKLIST 
The checklist listed below includes all documentation required for the review and processing of 
Loss Mitigation request.  The failure to return and complete all of the required documents within 
10 days will result in an automatic denial and/or immediate referral for legal action to ensure. 
REGARDING INCOME AND/OR EMPLOYMENT 
Please provide proof of income from all sources that apply: 
 
Four (4) recent pay checks stubs. 
 
Stamped copies of the preceding two (2) years Income Tax Return (1040s & W2s). 
 
Self-Employed homeowners: stamped copies of preceding two (2) years full schedule income tax  
return and Year to Date Profit and Loss Statement. 
 
Letter indicating weekly allotment of unemployment income and length of time for which it will  
continue 
 
Letter indicating weekly/monthly allotment of disability income and the length of time for which  
it will continue 
 
Statement reflecting award of child support income 
 
If other income is received- Please specify 
ASSETS/LIABILITIES/EXPENSES 
 
Copies of two (2) most recent personal bank statements for ALL open accounts 
 
Self-employed Homeowners: copies of two (2) most recent business bank statements for ALL  
open business accounts 
 
Documented reason for default including but not limited to copies of disability form, medical  
bills/doctors orders, unemployment approval letter where applicable 
 
Proof of expenses for all borrowers 
 
List of debts not included on a standard credit report with substantiating evidence 
OTHER INFORMATION 
 
Completed Financial Status Form 
 
Completed Credit Authorization Form with $30.00 check or money order for credit report 
Please contact the Homeownership Division at (340) 777-4432 on St. Thomas and (340) 772-4432 on St. 
Croix to schedule an interview with one of our housing counselors. 
St.  Thomas  Office:  3202  Demarara  Plaza  ·∙  Suite  200  ·∙  St.  Thomas,  VI  00802  ·∙  
Telephone  (340)  777-­‐4432  ·∙  Fax  (340)  775-­‐7913