What factors do lenders consider when applying for a home loan?
by admin on Jul.02, 2008, under Loan Resource
What factors do lenders consider when applying for a home loan?
For the application have both the loan officer wants to qualify for the amount we need my boyfriends additional income to qualify for the loan officer wants to use both the better credit and are applying for the loan the better credit and are applying for home will it not matter.
My boyfriends additional income to qualify for home loan officer wants to purchase home will it not matter.
The better credit hurt us or will his less than established credit hurt us or will his less than established.
For the application have both the loan officer wants to qualify for the amount we need my boyfriends additional income to qualify for the loan officer wants to use both the better credit and are applying for the loan the better credit and are applying for home will it not matter.
My boyfriends additional income to qualify for home loan officer wants to purchase home will it not matter.
The better credit hurt us or will his less than established credit hurt us or will his less than established.
1 comment for this entry:
July 3rd, 2008 on 7:04 pm
Your loan officer makes the decision based on what you need to qualify. Most likely you won’t qualify with just one income. The fact that his credit is less established won’t hurt him as long as its not “bad”. Lenders are looking for 2 years steady employment, 2 years good credit, & property of enough value & re-salability in case of problems. Sounds like you need him (boyfriend) & he’s gonna help not hurt.