Finding the Right Loan
  Homebuyer Checklist
  Determine Credit Worthiness
  Common Credit Myths
 
  Determining Credit Worthiness  
 

In order to purchase a home at a reasonable interest rate, you must be considered credit worthy by a lender. Typically, a person will be considered credit worthy if they meet the following criteria:

 
     
 

Stable Income
  Money in a savings account
  Stable Employment
  On-time payment history on items such as rent, utilities, loans, etc.
  Low debt / expenses compared to monthly income.