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Four Pillars to Qualify for a Home Loan

The four pillars that help you qualify for a home loan include income, assets, credit and collateral.


This is your capacity to pay back the loan. 

  • Source and type of income (salary, commission, self-employment)

  • Length and stability of income

  • How long that income is expected to continue in the future

To see what you can afford, use our Affordability Calculator.

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Entering credit card details


This is your readily available money and savings to cover your down payment, closing costs and reserves.

  • Savings and Money Market funds

  • Assets or investments that can be converted to cash, such as IRAs, 401(k) accounts, stocks, bonds, CDs, etc.

  • Cash gifts from family members

  • Cash from down payment or closing cost assistance programs, grants or matching funds

Simply upload your bank statements and other documents through our app.


This determines your qualifying credit score and monthly payment obligations. 

  • Scores of 580 and above typically qualify you for a home loan.

  • Lenders check your credit report to assess your record of paying bills and other debts on time.

  • Lenders review your monthly debts, including car payments, student loans, credit card payments, personal loans, child support, alimony and any other debts.

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This is the value of the home you plan to buy.

  • Your home’s value is based on an appraisal completed by a licensed independent appraisal company 

  • Your home is pledged as collateral against the loan.

Get Pre-Approved Today!

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