: Your credit profile determines your eligibility and interest rate.
: Lenders need to verify you have a steady cash flow to cover mortgage payments. W-2 statements from the past two years. Recent pay stubs (usually covering the last 30 days).
: Lenders look for a DTI ratio typically below 43% , meaning your monthly debts shouldn't exceed 43% of your gross monthly income.
: Most conventional loans require a minimum score of 620 , though FHA loans may allow scores as low as 500–580 .
