Hey there! If you're looking to buy a home, there are a few key things you should keep in mind. First off, your job stability, type of job, and gross annual income are all important factors to consider. Secondly, your credit history and score play a big role in determining your eligibility for a mortgage. You'll also need to factor in your down payment, closing costs, and documentation. And don't forget about your rent and payment history - these can also impact your chances of getting approved.
If you're able to put down 10% as a down payment, then your checking account history for the last 6 months will be taken into account. The location and condition of the property you're interested in are also important, as well as the current interest rate you qualify for. The size of your mortgage can significantly increase with a lower interest rate. And last but not least, your tax history is something to keep in mind as well.
Of course, there are many other factors that may come into play when applying for a mortgage, but these are some of the main things to keep in mind. Happy house hunting!