Characteristics of a Perfect Mortgage Borrower

Characteristics Of A Perfect Mortgage Borrower INCOME The perfect mortgage borrower has had the same job for over DOCUMENTATION 2 Years Income Verification CREDIT SCORE Credit Card 0001 4492 0781 7376 Asset Verification 0s/09 06/11 MR NAME LASTNAME Through it depends on the loan type, borrowers should strive for an "EXCELLENT" or "VERY GOOD" credit score. Debt Verification Property Verification Excellent 740 + Very Good 680 - 740 Good 620 - 680 Fair 580 - 620 DOWN PAYMENT Poor < 580 Debt Income 20% DTI RATIO (Debt to Income Ratio) Or More 37% Designed & Issued in Public Interest By : Ш Or Less DOMINION LENDING Sources : www.wellsfargo.com homeownership.org CENTRES