If you’re a recent graduate, just entering the workforce, you might be able to qualify for a mortgage and buy a home. Credit score Typically, you’ll need a credit score of 620 or higher to qualify for a mortgage. Income Lenders need to know that you can pay back the money they loan you, so a reliable income is necessary. Debt-to-income ratio They also look at your DTI ratio, which is what percentage of your income goes toward debt obligations.
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