To qualify for a mortgage with Fidelity Bank, you’ll need to engage with our Mortgage Consultants who are well-versed in guiding you through the process. The bank offers various mortgage programs, including those tailored for first-time homebuyers, and places a strong emphasis on fitting a loan to your financial situation and schedule. Here are some general steps and considerations when qualifying for a mortgage: Credit Score and History: Like most banks, Fidelity Bank will review your credit score and history to determine your loan eligibility and interest rates. A higher credit score generally helps secure a lower interest rate. Income Verification: You will need to provide proof of income through pay stubs, tax returns, and possibly other financial documents to ensure you have the means to make monthly payments. Down Payment: The size of your down payment can affect your loan options and rates. Fidelity Bank offers programs that may allow lower down payments, especially for first-time homebuyers. Employment Verification: Stable employment is crucial, as lenders use this information to predict the likelihood of continued income. Debt-to-Income Ratio (DTI): This ratio measures your total monthly debt payments against your gross monthly income. A lower DTI can make you a more attractive borrower. Personal Assets: Demonstrating additional assets can strengthen your mortgage application by showing you have reserves beyond the down payment.