lender requirements

Lender requirements are the specific criteria a borrower must meet to qualify for a loan. These include demonstrating financial stability through income and credit history, providing documentation like pay stubs and bank statements, and showing the ability to repay the loan. Lenders assess risk by checking credit scores, debt levels, and the property's value if applicable. Meeting these requirements helps lenders feel confident that the borrower can responsibly repay the loan, making approval more likely.