How Do I Qualify for a Mortgage?

Most commercial banks, which typically serve as lenders for mortgages, have no general minimum requirements for borrowers. This means you can qualify for a mortgage without special credentials.

However, your credit history, annual income, and assets will determine the terms and the size of the mortgage for which you qualify. Although you can easily get a mortgage, you may not be able to obtain a mortgage of the size or terms that meet your needs.