What are the eligibility requirements for a home loan with Allied Home Mortgage Corp.?
To be eligible for a home loan with Allied Home Mortgage Corp., certain criteria must be met. Applicants should have a stable credit history and a minimum credit score of 620. Additionally, they should possess a dependable source of income and should have been employed in the same field for at least two years. The loan-to-value (LTV) ratio should generally not exceed 80%, which means a down payment of at least 20% may be required. The property being financed should be the applicant's primary residence or a second home, as investment properties may have different requirements. Meeting these eligibility requirements is essential for securing a home loan with Allied Home Mortgage Corp.
Answered Nov 1, 2023
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