{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/f3c02860cfb9466186b4cbfed0ea8ae9\" frameborder=\"0\" width=\"1898\" height=\"1423\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1423,"width":1898,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1423,"thumbnail_width":1898,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/f3c02860cfb9466186b4cbfed0ea8ae9-0eb834da9062ab16.gif","duration":620.609,"title":"Mortgage Approval Process with Alex Hernandez","description":"This Loom explains the mortgage approval process from qualification to getting approved and buying a home. It focuses most heavily on debt-to-income ratio, calculated as monthly debt payments plus the proposed mortgage payment divided by monthly income, with approval generally requiring the total to stay under 50 to 56 percent. Credit scores are the second factor, with a preferred range starting around 660, though options exist for scores from about 575 to 640. Down payment is addressed as the least important of the four areas, with programs available from 0 percent up to 20 percent or more, depending on goals and payment comfort."}