Do I qualify for a mortgage loan?

As a follow-up to yesterday’s Are you ready to buy a house? post, the next question you may be asking is, “Do I qualify for a loan?”

To help answer that question, the folks at RealEstate.com have put together the flowchart below.

Guy Johnson on Welcome, Politico Readers!: “Here is an updated blog post with up-to-date state-to-state migration data: From Golden State to Silver State: California’s Outflows are…” Oct 31, 15:19
Guy Johnson on Welcome, Politico Readers!: “Here is the Politico piece that linked to the Reno Realty Blog: The Ex-Californians Who Hate Kamala Harris — And…” Oct 31, 11:22
Guy Johnson on Are High Mortgage Rates Leading to an Increase in All-Cash Purchases?: “Interesting insight, Howard. Not sure how that could be tracked, though.” Oct 29, 20:40
Howard I Hirsch on Are High Mortgage Rates Leading to an Increase in All-Cash Purchases?: “Well, and not only that, but this tracks the status of payment at time of purchase only. One clever real…” Oct 29, 16:54