07/09/2025
You canât hide these from your lender đŹ
When youâre applying for a mortgage, these are 4 things theyâll be sure to look for đ
1. They will look for your accurate credit score
You canât slap a filter on this one. Lenders will pull your credit report, and yes, theyâre 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), theyâll be looking for documentation of where it came from
3. Theyâll look to see if you have job stability
AKA, you canât quit your job to pursue your dream of being a full-time dog influencer right before closing...Thatâs a no from your lender, unfortunately
They want consistency and predictability
4. Theyâre 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
â¨Bottom line: get your finances in order before applying for a loan and donât be scared to reach out to a lender to see where you stand- they arenât judging you!