Which of the following is not typically a factor in determining borrower approval?

In determining borrower approval, factors such as credit score, debt-to-income ratio, and employment longevity are crucial in assessing a borrower’s ability to repay a loan.

The credit score reflects the borrower’s creditworthiness and helps lenders gauge the risk of lending to them. A higher score may lead to better loan terms. The debt-to-income ratio, which measures the proportion of a borrower’s monthly income that goes toward debt payments, is another key indicator of financial health, helping lenders understand how much additional debt the borrower can manage.

Employment longevity provides insight into the borrower’s job stability and income reliability, and it is often considered by lenders as a sign of financial responsibility.

In contrast, the age of the applicant does not typically factor into the decision-making process for loan approval. While lenders may have policies that prevent discrimination based on age, the borrower’s age itself does not provide relevant information regarding their ability to repay a loan. Hence, it is not a determining factor in the approval process.