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Generally, today, lenders look closely at your credit score. While different lenders have different criteria, anything over 650 is generally loan worthy.

Additionally, your debt to income ratio will be reviewed. If you are at 25% or more, your loan worthiness is reduced.

Actual credit history may be reviewed as well, looking for a history of late payments, defaults, history of judgments, collection activity, and bankruptcy.

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12y ago

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