Overview
Underwriting is where Doorly reviews your financial profile to ensure you can safely afford the home you want to buy. This process typically takes 24–72 hours, depending on document completeness.
What the Underwriter Reviews
Income Stability
Is your income steady, reliable, and likely to continue?
Assets
Do you have enough for:
The 10% down payment
Closing costs
Any required reserves
Credit Profile
We look at:
Payment history
Recent activity
Open accounts
Score (minimum 560)
Debt Obligations
We calculate a reasonable debt-to-income (DTI) threshold based on ATR rules.
What Happens If Something Is Missing?
Underwriting may issue conditions, which are requests for additional documentation or clarification.
Common conditions:
Updated pay stub
Clarification on bank deposits
Missing pages of a statement
Letter of explanation
Just upload the requested items and underwriting will continue.