A long and stable employment history, with zero to few lengthy periods of unemployment
Low levels of debt, with no recent large purchases
A debt-to-income ratio of 36% or lower
A down payment of at least 5%-10% of the purchase price of the home
Intention to buy a primary residence property, as opposed to an investment property
A mortgage loan request for a single-family home, as opposed to a duplex, town house, or condominium
Liquid assets on hand equal to two or more months of mortgage payments after all closing costs and expenses are factored in