Debt-to-income ratio Loan Officer Proof of funds 
Redfin
JULY 9, 2025
A loan officer manually reviews your documents and verifies your information. To determine your eligibility, lenders typically review: Credit score and report: Most lenders require a minimum score (often 620 for conventional loans). Income and employment history: Pay stubs, W-2s, or tax returns.
The Close
DECEMBER 29, 2022
Borrowers can go into delinquency if they have stopped paying their monthly mortgage loan payments for a certain time period. 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.
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