mortgage lender requirements

Mortgage lender requirements typically include assessing your financial stability through credit history, income, and assets. They want to ensure you can repay the loan, so they review your credit score, employment status, and debt-to-income ratio. You'll need to provide documentation like pay stubs, tax returns, and bank statements. The lender also requires a property appraisal to confirm its value. Meeting these criteria helps them determine your loan eligibility and interest rate, ensuring you’re a responsible borrower and capable of maintaining mortgage payments over time.