PreApproval Underwriting Guidelines

July 17, 2008 by · Leave a Comment 

There are 4 main factors that are used today by underwriters to determine a mortgage approval. These factors help a mortgage underwriter understand the borrower’s qualification. These factors determine if a borrower can receive a preapproval, prequalification, and meet necessary underwriting guidelines. The first factor known to the American population is called the ‘credit’ criteria. [...]

Tagged: approval, capacity, capital, collateral, credit, fha, guidelines, home loans, interest rates, mortgage, preapproval, prequalify, purchases, underwriting, va