Which document demonstrates that a borrower meets loan eligibility requirements based on their credit history?

The correct choice is the credit report, as it serves as a comprehensive document that provides a detailed overview of a borrower's credit history, including their credit score, payment history, outstanding debts, and any public records of bankruptcy or liens. Lenders heavily rely on this information to assess an applicant's creditworthiness, which is pivotal in determining whether the borrower meets the eligibility requirements for a loan.

In evaluating a loan application, a credit report is crucial because it helps lenders understand how responsibly a borrower has handled credit in the past. This insight directly impacts the lender's decision regarding loan terms and the likelihood of approval.

While the loan application provides essential information about the borrower, including personal data and loan requests, it does not independently verify creditworthiness without the supporting credit report. A property appraisal is designed to assess the value of the home being purchased, which helps lenders ascertain collateral value but does not reflect the borrower's credit history. Income verification is necessary for understanding the borrower's ability to repay the loan, but it too does not provide insights into credit behavior. Thus, the credit report stands out as the document that specifically evaluates the borrower's credit history in relation to loan eligibility.