Facts

• Mortgage application criteria differ considerably depending on your lender and the loan program for which you apply. Traditional mortgage applications require you to provide your lender with copies of your most recent bank statements, pay stubs, tax returns and copies of government-issued photo identification, such as your driver's license or passport.
  
  

Features

• One of the primary criteria for mortgage application approval is passing the lender's credit check. Lenders need to evaluate your history of managing debts to determine your interest rate or whether the bank would incur too much risk by approving your application.
  
  

Considerations

• Mortgage lenders require a down payment from borrowers because, according to LendingTree.com, borrowers who put a significant amount of their own savings into a home purchase are less likely to default on the loan. You must include the amount of your down payment in your mortgage application and provide proof that you have the funds at your disposal.