How to Get Qualified for a Loan
2. Employment History
Credit is another important factor in terms of loan qualification and will come into play further along the process as well. Again, your qualification doesn’t hinge on any one of these criteria, so it’s important to remember that even if you don’t have great credit, we may be able to help. Don’t let bad credit stop you from at least seeing what your options are.
4. Down Payment
Your down payment is the amount that you personally put towards paying for the house. Loan programs all have different requirements, but most require you to at least pay for a small portion, though some require larger amounts. Still, many programs and lenders offer down payment assistance for buyers without a lot of cash on hand.