Frequently Asked Questions

Yes, after meeting required waiting periods.

Yes, but waiting periods apply depending on loan type.

Strengths like high credit or reserves that offset weaknesses.

A human underwriter reviews the loan when automated systems decline it.

Computerized loan approval using risk algorithms.

Yes, with valid residency and documentation.

Yes, monthly payments are included in DTI.

Required payments count as debt; received payments may count as income.

Yes, co-signed debts are included in DTI.

Yes, their income and credit may strengthen the application.