If you are new to the home-buying process, the question is, how do you qualify for a home loan, is a great place to start. As Mortgage Brokers, we are in a position to get the best rate for you as our opportunities are endless, and we are not confined to working with any institution.
Listed below are some general eligibility requirements for obtaining a Home Loan. Contact us to confirm your eligibility, as every case can vary. Each type of Home Loan will require different sets of information and guidelines.
What you need to qualify for a Home Loan
In general, we will look at the following:
Capacity- your ability to pay back the loan.
Capital- the available funds, investments, property savings, and other assets.
Collateral -the value of the property and any assets you pledge as security for the loan.
Credit-your credit score and repayment history for past debts.
Since each loan type may require a varying set of guidelines, please click on the specific pages below for a detailed description of the requirements for these Mortgage Loan types:
Conventional Home Loans
FHA Home Loans
USDA Home Loans
VA Home Loans
Investment Mortgage Loans
If you have any questions, don’t hesitate to contact us at (816) 852-0889 or use the Contact Taylor form. We work with all kinds of home buyers: first-time buyers, younger people considering their home ownership options, those looking to invest in property or properties, those who have been turned down for a mortgage, or anyone who believes the rate they received from someone else could be better! We offer personal attention and availability to our clients.