Getting approved for a mortgage can be tough — lenders review every aspect of your finances, including your income, credit history and outstanding debts. CNBC Select compared more than a dozen mortgage companies and compiled a list of the easiest mortgages to qualify for.
Types of financial institutions include: Banks. Credit unions. Community development financial institutions. Utilities. Government lenders. Specialized lenders.
Banks are the most common type of mortgage lender. National banks are likely to offer a complete suite of financial products, including several types of home loans that meet a variety of borrowing and investment needs.