Many criteria are used to determine the suitability of a borrower. AHWA gets to know its customers during the sales process and has information that is not available to an average lender and does not show up in a FICO score.  Some of the areas evaluated are:

  • Verifying that the customer can make a downpayment equal to or greater than 30% (20% prior to January 1, 2018) of the home purchase price.
  • Review of current wage statement and employment
  • Tax returns review
  • Face-to-face or telephone interviews
  • Credit score (when available)