How To Get Approved To Buy A Home Today

Your credit score is the first thing a lender looks at. It determines not only if you get approved but also your interest rate.

Lenders look at how much of your monthly income goes toward debt (car loans, student loans, credit cards). how to get approved to buy a home

Two months of statements for every account you own. Your credit score is the first thing a lender looks at

Your last two years of W-2s and your most recent 30 days of pay stubs. Tax Returns: Usually the last two years of federal filings. Two months of statements for every account you own

Once you apply for a mortgage, do not make any sudden moves. Don't quit your job, don't change industries, and don't close old credit accounts. Even a small change in your financial profile can cause a lender to revoke an approval at the last minute.