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A good credit score.

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11y ago

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What is needed to qualify for a mortgage loan?

In order to qualify for a mortgage loan, one needs an annual income - this is normally approximately five times the amount of money which they are seeking to borrow.


Where can one go for advice when needing a loan?

If one needs advice about getting a loan, the best place to get advice is a local bank or credit union. They can discuss terms of the loan and what is needed to qualify.


How do you qualify for a quick loan?

In order to qualify for a quick loan, you have to give out information such as how much your house is worth and your mortage goal. They then calculate this and give you your quick loan.


How does one qualify for a HUD Home Owner Loan?

To qualify for a HUD Home Owner Loan, one needs to have a clear or acceptable credit. You have to visit a bank and ask them if you qualify for the HUD Home Owner Loan, or you can contact a credit repair agency and they will tell you if your credit score will enable you to qualify for a HUD Home Owner Loan.


Can an illegal immigrant qualify for an FHA loan?

No, an illegal immigrant cannot qualify for an FHA loan as they must have legal residency status in the United States to be eligible for this type of loan.


Can you get a loan if you are a co signer for a student loan?

If you have a good enough income to qualify since the student loan is considered your loan.


How would one qualify for a home loan from Calpers?

Research has shown that one can no longer qualify for a home loan from CalPERS. In December of 2010 the CalPERS Member Home Loan program was suspended.


Do you always need a cosigner?

A cosigner is needed when the primary borrower does not, for whatever reason, (age, income, credit rating, etc.) does not qualify for a loan on their own merit.


do i qualify for a rural development grant i have a rural development loan on my house and i work.?

do i qualify for a rural development grant i have a rural devevlopment loan on my house and i work.


What is required to qualify for a refund anticipation loan?

nothing


Can you sell a business to your spouse to qualify for a minority business loan?

You can sell your business to your spouse and if she is a minority, then she may be eligible for a minority business loan. You must ask the loan officer if the person has to be the owner for a certain amount of time before they qualify for the loan.


What do you need to qualify for a car loan?

You need an appropriate record to qualify for a car loan and you need correct and standard employment information that you must provide in order to approve.