07/09/2025
You can’t hide these from your lender 😬
When you’re applying for a mortgage, these are 4 things they’ll be sure to look for 👇
1. They will look for your accurate credit score
You can’t slap a filter on this one. Lenders will pull your credit report, and yes, they’re checking all three bureaus to see how you handle debt
2. They will look for sources of income and where it came from
Lenders need W-2s, pay stubs, and/or tax returns to verify that your income is legit, stable
If you receive a gift from family (large sum of money), they’ll be looking for documentation of where it came from
3. They’ll look to see if you have job stability
AKA, you can’t quit your job to pursue your dream of being a full-time dog influencer right before closing...That’s a no from your lender, unfortunately
They want consistency and predictability
4. They’re checking your debt-to-income ratio
Lenders are checking to see how much of your debt is eating up your paycheck
They factor in loans, credit card debt, student loans, car payments, etc
✨Bottom line: get your finances in order before applying for a loan and don’t be scared to reach out to a lender to see where you stand- they aren’t judging you!
