In this video I go over the top 4 reasons why you’re getting turned down for a mortgage or home loan. Everyone’s application and situation is different but generally there are 4 main reason why your mortgage may be denied.
1. Debt-to-income ratio or high credit utilization.
2. Credit history.
3. Incomplete application.
4. Insufficient collateral.
I also go over the generally accepted debt-to-income or DTI ratio for FHA, conventional, VA, and USDA rural housing loans.
Download the HomeScout App from your app store and use my VIP code 0832 to search the Nashville MLS. This service is free and the listings are updated every 15 minutes.
If you are looking for a home in the Nashville TN area, I would love to work with you. Give me a call today at 615-554-0832.
Thank you and have a blessed day!
Check out: “How to increase your credit score to buy a house – How to boost your credit score fast”