what are the requirements of a mortgage?
41247
['utility bills.', 'proof of benefits received.', 'P60 form from your employer.', "your last three months' payslips.", 'passport or driving license (to prove your identity)', 'bank statements of your current account for the last three to six month.']
311395
['A Qualified Builder And/Or Construction Team. To get a bank, lender or institution to finance your home building project, you must have hired a reputable, licensed builder with the documentation to prove it. ... ', 'Detailed Description of the Construction Plan. ... ', 'Appraisal. ... ', 'Sizable Downpayment.']
279060
['Proof of income this is often your last three months payslips.', 'Proof of mortgage statement on existing property.', 'Proof of rental income.', "Proof of deposit if you're receiving help from a donor you also need their written confirmation.", 'Proof of bonuses and commission.', 'Proof of ID e.g. passport.', 'Proof of your address.']
93149
You will need to show proof of your income and outgoings, such as household bills and other living costs. You will also need evidence of your financial profile, such as bank statements and payslips. You should secure an agreement in principle from the lender to speed the buying process up further down the line.
293872
['Step 1 – Organise your team of professionals. ... ', 'Step 2 – Get your loan pre-approved. ... ', 'Step 3 – Applying for a mortgage. ... ', 'Step 4 – Confirm you qualify with the FIRB. ... ', 'Step 5 – Find a property. ... ', 'Step 6 – Negotiate the purchase price. ... ', 'Step 7 – Obtain formal mortgage approval.']
1424509
To be eligible for a home loan you must: Be 18 years or older. Be an Australian citizen or permanent resident. Intend to buy or build in Western Australia. Intend to live in the property.
645284
For a £250,000 mortgage you will need to earn at least £56,000 as a single applicant or between you if applying as a couple. For a £500,000 mortgage you will need a earn at least £111,500 as a single applicant or as joint income for a shared mortgage.
59859
['FICO® score at least 580 = 3.5% down payment.', 'FICO® score between 500 and 579 = 10% down payment.', 'MIP (Mortgage Insurance Premium ) is required.', 'Debt-to-Income Ratio < 43%.', "The home must be the borrower's primary residence.", 'Borrower must have steady income and proof of employment.']
79570
Conventional loan requirements These include a 620 credit score, a debt-to-income ratio lower than 43%, and at least a 3% down payment. The mortgage also has to be within conventional loan limits: up to $510,400 in most areas.
552762
['At least 15 percent to 20 percent equity in your home.', 'A minimum credit score of 620.', 'A maximum debt-to-income ratio (DTI) of 43 percent, or up to 50 percent in some cases.', 'On-time bill payment history.', 'Stable employment and income history.']
961899
To qualify for an FHA loan, borrowers must at least have a credit score of 500. This makes them eligible for up to 90% financing, meaning they're responsible for a 10% down payment.
144606
['be a new build.', 'have a purchase price of up to £600,000 in England (or £300,000 in Wales)', 'be the only one you own.', 'not be sub-let or rented out after you buy it.', "be one that you can show you cannot afford (if you're applying in Wales)"]
1145539
['ID, such as a passport or driving licence.', 'Most recent three payslips.', 'Details of any borrowing, including credit cards, personal loans, car finance, overdrafts and student loans.', 'Most recent three month bank statements which show your income and outgoings.']
934506
Potential buyers need five essential things—proof of assets and income, good credit, employment verification, and other documentation—to be pre-approved for a mortgage.
779305
Lender requirements will vary, but here's what you'll generally need to get a HELOC: A debt-to-income ratio that's 40% or less. A credit score of 620 or higher. A home value that's at least 15% more than you owe.
593330
['A basic requirement was a mortgage owned or guaranteed by Freddie Mac or Fannie Mae, closed on or before May 31, 2009. ... ', 'The original loan must have had an LTV ratio of at least 80%.']
892365
['Your personal and contact details, including full residential address.', "Your driver's licence or state issued ID document.", 'Your SSN.', 'An opening deposit payment.']