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Can You Get Denied For Home Loan With Good Credit
Can You Get Denied For Home Loan With Good Credit?
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1 Reply
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Yes, you can be refused a home loan even with good credit. Creditors consider your debt-to-income (DTI) ratio, employment record, income reliability, down payment size, and current obligations when assessing an applicant’s creditworthiness. The lack of adequate earnings, unsteady work, or high DTIs is among the reasons individuals might not qualify due to insufficient cash for closing costs or down payments being other possibilities they face along this journey. Also, any problems with the house, like appraisals, could cause them not to qualify either.
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