How is my application evaluated?

Your lender will evaluate your application on a combination of factors. The property and property value determined by an appraiser or appraisal report will be part of the evaluation. They will also review your credit score, credit history, employment history and income stability. The lender will also review your debt to income ratio and savings reserves. This list is just a few of the items evaluated during the application process. The evaluation will also include information on all co-applicants included with the application.