Please make sure that you tell us about all the income you wish us to consider in evaluating your application. For example, don't forget to tell us about:
Note: Your loan officer will tell you what is needed to verify and document the income you wish to be considered. In some cases, we'll need your most recent paycheck stub, and you may also be asked to provide W2s or tax returns.
We will analyze your debt-to-income ratio in two ways:
You can increase your chances of credit approval, in some instances, by:
If you have any questions about what you can do to improve your debt ratios, residual income or the information on your credit report, talk to your loan officer.
Note: If you plan to pay off any bills at the time of closing, please provide copies of your most recent statements for these accounts.