The 3 Thing Loan Officers Look For When You’re Buying A Home

Preparation is key in the home buying process so it’s never too early to start the conversation about securing a loan. In this blog, we discuss the three key things a loan officer will look at when you’re buying a home. 

  1. Credit

The first thing a loan officer will look at is your credit score and what’s reported on your credit. 

  1. Employment history

Next, loan officers will look at the last two years of your employment history and the type of income you had coming in from those jobs. They want to see that you have a history of making enough money to cover your mortgage payments.

  1. Financial assets

Finally, loan officers look at your liquid funds – the money you have in any checking and savings accounts, or any additional funds.