Apply For a Morty

How to apply for a loan?

To apply for a loan at Morty, you need to follow these steps:

1. Enter the address of the property you want to buy;
2. Fill in the details about the desired property, such as the type of house and number of units;
3. Enter your name, email, phone number and, come up with a password for your account and click "Sign Up";
4. Enter the price of the desired house;
5. Enter the amount of the initial payment;
6. Click "Link account automatically" or link your bank account manually;
7. Add one or more sources of income. For each source, you need to enter the amount of annual income, the name of the company, and the period of work in this position;
8. If you already own a house, then enter the information about it;
9. Click the "Request One-Time code" button and enter the code that came to your email;
10. Enter your SSN so that Morty can do a hard credit pull check;
11. Choose the loan option that suits you.

Requirements

To get approval on the application form Morty, the borrower must:

• Have a minimum of 620 FICO credit scores;
• Have a maximum of 43% debt-to-income ratio;
• Have no more than 30 days of late payment for the last year;
• Receive a stable income from the same sources for the last two years;
• Have a stable employment for the last two years;
• Be 18+ years old;
• Have no balances on outstanding non-medical collection or charge-offs of more than $2,000;
• Be a United States citizen or have a permanent residency.

Application details

To complete the application and obtain approval at Morty, the borrower must provide the following documents:

• The most recent bank account statements;
• Investment account statements;
• Past two years of W2s and tax returns.

The borrower may be refused if he has bad credit or no credit.