Brokerage Debt-to-income ratio Design Pre-qualification 
HomeLight
NOVEMBER 16, 2021
Through the Home Partners program, prospective rent-to-own homebuyers start by filling out a pre-qualification application. This step includes a credit and background check, income verification documents, and requires an application fee. If approved, they move to submit a full application.
The Close
DECEMBER 29, 2022
Debt-to-income ratio (DTI). You can help your clients calculate their DTI by adding together all of their monthly payments and dividing the total by their gross monthly income. Jumbo loans generally require stricter qualifications, higher credit scores, and higher income and/or cash reserves. Pre-approval.
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