How Do I Qualify for a Mortgage in Wylie, TX?

Mortgage approval comes down to four things: credit score, income, debt, and assets. But in Wylie, lenders also love to see local stability—steady income and responsible credit use.

Most programs require a credit score of 620+, but FHA can go lower. Lenders want your debt-to-income ratio (DTI) under 43%. Translation: your monthly debts shouldn’t exceed 43% of your income.

You’ll also need proof of employment, bank statements, and a few pay stubs. Having 2–3% of the purchase price set aside for closing costs helps too.

Pro tip from the field: Don’t make any big purchases (like that new SUV) while you’re applying. Even small credit changes can affect your approval.

With new development and great schools, Wylie has become one of North Texas’s fastest-growing cities—so having your pre-approval ready makes you stand out when the perfect home hits the market.