SIMPLE - EASY to READ and UNDERSTAND!

Can I Qualify? A Buyer Guidebook for Loan Qualifying

Can I Qualify? is a 21-page home buyer guidebook. It explains the rules mortgage lenders use to approve a home loan, step by step from application to closing. It is written for first-time and returning home buyers in Tennessee who want to know what to expect before they apply.

What does the guidebook cover?

The guide explains the loan qualification process in plain language, including:

Loan application documents: the W-2s, pay stubs, bank statements and IDs lenders ask for
Loan types: FHA, THDA, VA and other programs, and how they differ
Credit and debt: collections, late payments, bankruptcies, foreclosures, co-signed loans and student loans
Income and employment: W-2 job history, self-employment, overtime and pay stub rules
Credit scores: why lenders pull scores directly from Equifax, TransUnion and Experian
Your money: bank statements, large deposits, unusual withdrawals and cash
Letters of explanation and wire transfer safety
The 10 Commandments of home buying: what not to do between application and closing

Who is this guide for?

It’s for anyone planning to buy a home with a mortgage, especially first-time buyers, self-employed buyers, buyers rebuilding their credit, and buyers going through a divorce or job change.