5 Items An Underwriter Will Look At To Determine Loan Approval

As a local Myrtle Beach REALTOR®, one of the questions I get asked the most is what do I need to get a mortgage.  People want to know what the bank looks at to determine if they can or cannot get a loan.

Below is a great explanation by Erica Davis, a Sr. Loan Officer with Guild Mortgage here in Myrtle Beach.  She explains exactly what an underwriter looks at to determine if someone will get a loan approval or not.

To review, the five main things an underwriter reviews is:

  1. Cash Flow
  2. Credit Score
  3. Job Stability
  4. Assets
  5. Property

I hope this helps many of you who might have had this question regarding getting a loan to buy a home here in Myrtle Beach.  If you have more questions about Myrtle Beach real estate, feel free to contact me.  If you still have questions about getting a mortgage, I would highly recommend reaching out to Erica.  She would be more than happy to help you in securing a loan to purchase a home.  Her contact information is below.

Erica Davis



Jeremy is a full time REALTOR® who specializes in homes for sale throughout the Myrtle Beach Area.

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