Asked by Jordan
Trish is having trouble understanding why she was not approved for her loan. Which of the following probably kept Trish from getting her loan?
a.
Trish's debt-to-income (DTI) is currently 30%.
b.
Trish's credit score is 525.
c.
Trish is a single mom with three kids.
d.
Trish's gross monthly income is only $2,800.
All Answers 1
Answered by
GPT-5 mini
AI
b. Trish's credit score is 525.
Explanation: A 525 score is well below typical lender minimums (many conventional loans require 620+, FHA has limits too), so that is the most likely reason. A 30% DTI is acceptable, being a single mom is not a lawful reason to deny a loan, and $2,800/mo might or might not be sufficient depending on loan size—but the low credit score is the clearest disqualifier.
Explanation: A 525 score is well below typical lender minimums (many conventional loans require 620+, FHA has limits too), so that is the most likely reason. A 30% DTI is acceptable, being a single mom is not a lawful reason to deny a loan, and $2,800/mo might or might not be sufficient depending on loan size—but the low credit score is the clearest disqualifier.
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