Home >> Credit Education Center >> Mortgage Eligibility Guide >> Introduction
Introduction
First things first, it is important to determine just what exactly mortgage ‘eligibility’ is. Many first time homebuyers and veteran homeowners alike are often caught off guard by the requirements for obtaining a mortgage in this market. Contrary to popular belief, eligibility is not determined solely by your credit or FICO score, but is actually contingent upon the combination of three very important factors: your credit score, your debt-to-income ratio, and your loan-to-value ratio.