The application will ask for information about your job tenure, employment stability, income, your assets like property, cars, bank accounts and investments. They will also about what other loans and liabilities you have for instance auto loans, installment loans, mortgages, credit card debt, household expenses and others. Then the lending agency will do a credit check to see that you have a good credit history. You need to give documents like paychecks, bank statements, tax returns, investment earnings, divorce or alimony claims, insurance and other documents. Your loan application may be approved or disapproved taking into consideration all the above factors.

Before you get a pre-approval, the lending agency will verify your financial information and commit to give specified amount based on your financial status, FICO credit rating, your employment, your income, your liabilities, your assets and the cash you have available to close on a home purchase. San Diego homes located in “America’s finest city”, it is also the sixth largest, among cities with more than million people. If you own San Diego realty you will one among 2.7 million residents who call San Diego County their home.

Do not move money among your various accounts or move your money into new investment avenues to earn extra interest etc. When the bank sees that there are big withdrawals from your account they are going to wonder and think you your account balance is too low and may outright reject your application for a San Diego mortgage. You may have to again explain to them with documentary proof about what you did and why causing delays and unnecessary extra paper work. Do not change jobs. If your job risk profile changes loan officers may reject your loan application even if you are making higher pay. So even if you a have low paying but secure job, stick to it till your application for San Diego home loans is being processed.