United Home Loans FAQs

Q: What will a lender look at when I apply for a mortgage?

Lenders consider many factors in evaluating your loan application, but they usually focus on four areas: Income and debt.  How much money you make and what other bills you have to pay helps the lender determine whether you can afford to make mortgage payments.  Assets.  The lender needs to make sure you have enough money to cover the costs of buying a home.  Credit.  Whether you've met other financial obligations helps the lender predict whether you will repay your mortgage.  Property.  The home you want to buy has to be worth enough to act as collateral for the mortgage.

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