Consideration: Most Lenders prefer Borrowers residing at their present address for two years or more as a good factor for stability. This also helps to verify your identity.

Consideration: Most Lenders prefer that you have stable employment in the same field for at least two years. No matter how reliably you’ve paying off debt, you’ll appear to be a higher risk if you have short periods of employment, or gaps in your work history.

Consideration: Most Lenders prefer that you have stable employment in the same field for at least two years. No matter how reliably you’ve paying off debt, you’ll appear to be a higher risk if you have short periods of employment, or gaps in your work history.

Consideration: Lenders look at your gross income when determining how much of a monthly payment you can afford, after your expenses.

This amount could qualify you for a higher loan amount, depending on how much money you have saved for a down payment on your new home.

Consideration: Lenders want to make sure that you have enough money left over after your monthly expenses, so you will have the ability to repay a new loan. The more money you have left over, the lower their risk.