What Do Lenders Look At When You Buy a House - Aspen Homes for Sale
When you buy a new home in Aspen, you’re most likely going to need financing – and that means your lender is going to look at your entire financial profile before deciding whether to give you a loan.

What Do Lenders Look at When They’re Considering You for a Loan?

Lenders look at your credit score (more specifically, your FICO score), but they want to see your overall financial health – even if you have a great credit score. Here’s a list of what they’ll look at:

  • Bank statements
  • Pay stubs
  • Income tax returns
  • Current loans
  • Current loan status
  • Child support
  • Monetary gifts you’ve received or given
  • Spousal support
  • Other financial obligations

Many lenders look at even more than this; this is a bare minimum. What they’re trying to determine is whether you have enough money left at the end of each month to repay them.

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