for the last 60 days (checking, savings, and money market accounts). Investment statements (401k, IRA, or brokerage accounts).
To obtain a pre-approval, lenders generally require documentation and proof across four main categories:
: Lenders look for a DTI ratio typically below 43% , meaning your monthly debts shouldn't exceed 43% of your gross monthly income.
: Your credit profile determines your eligibility and interest rate.
: Most conventional loans require a minimum score of 620 , though FHA loans may allow scores as low as 500–580 .
for the last 60 days (checking, savings, and money market accounts). Investment statements (401k, IRA, or brokerage accounts).
To obtain a pre-approval, lenders generally require documentation and proof across four main categories: pas requirements home buying
: Lenders look for a DTI ratio typically below 43% , meaning your monthly debts shouldn't exceed 43% of your gross monthly income. for the last 60 days (checking, savings, and
: Your credit profile determines your eligibility and interest rate. for the last 60 days (checking
: Most conventional loans require a minimum score of 620 , though FHA loans may allow scores as low as 500–580 .