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What does the bank use to approve a property mortgage in the USA?

Application and Approval

In the USA, banks and other lenders use a variety of factors to approve a property mortgage, including:

  1. Credit score
  2. Income and employment history
  3. Debt-to-income ratio
  4. Property appraisal
  5. Down payment
  6. Property insurance
  7. Title search
  8. Mortgage underwriting

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