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.

Purchase and sale agreement 104

Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 104

Redfin

JUNE 13, 2025

Real estate brokerages like Redfin make it easy to browse listings, get real-time updates, and schedule tours. Lenders still carefully review your qualifications The mortgage process may look different this time around, with different interest rates and loan requirements.

Debt-to-income ratio 35

Debt-to-income ratio FHA loan Equity Loans 35

Redfin

APRIL 7, 2023

Get pre-approved for a mortgage My advice to first-time homebuyers is to find a good loan officer and get pre-approved, fully underwritten approval is best. – Robert Cenzer | Redfin Agent Don’t jump in and start house hunting until you have been pre-approved by your local bank or lender.

Pre-approval 59

Pre-approval Agents Pre-qualification Debt-to-income ratio 59

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.

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98