You’ll need sufficient equity in your home (usually at least 20%), a good credit score (typically 620 or higher), stable income, and a reasonable debt-to-income ratio. We’ll also look at your payment history and overall financial stability.

The exact requirements vary by lender and loan amount, but we’ll give you a clear picture of where you stand during the application process. If you don’t qualify now, we’ll explain what you’d need to change to qualify in the future.