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No Name, Phone, Address needed Very Accurate Results based on Data Input Self Explanatory Help Instructions Income Calculation Fully Explained Debt Exclusion and Inclusion Fully Explained Types of Credit we Work With Explained Down Payment and Seller Credits Explained
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INSTANT PREQUAL CALCULATOR

Note:
This self estimator will give you a good estimate of what you may prequalify for.It is not an approval or a commitment to lend.Just an estimation based on data input by you.

To get accurate results it is important to follow the instructions for each field.Click on the ? sign located on the right of each field to read specific instructions.

As soon as you save the record the prequalification estimate results are emailed to your email address.Please check your Inbox/Spam or Junk Folder for our email
Email
No Names,Phone Numbers or Addresses are Needed.

We do require your email address to forward the Prequalification Results.
*Borrower Email
INCOME
Borrower Income(Gross Yearly) 1. You need to have a 2 year employment history 2. Gaps over 6 months need to be explained later. 3. Wage Earner Income generally consists of Base Pay(Fixed or hourly) ,bonus,overtime ,commissions and other allowances.Calculate your income as follows Current Fixed Base Pay or Average Hours Worked in the last 6 months X Current Hourly Rate. 4. Then Add the average of last 2 years Bonus+ Overtime + Commissions + Other Allowances Receive..Do average this over two years.Enter the numbers against the Borrower and CoBorrower ,if any. 5. For self employed individuals you will need to average the last 2 years Net Taxable Income( Amount After adjusting expenses on which you paid your taxes) .You are allowed to add back the depreciation charged in your accounts to arrive at Net Taxable Income. CoBorrower Income(Gross Yearly) 1. You need to have a 2 year employment history 2. Gaps over 6 months need to be explained later. 3. Wage Earner Income generally consists of Base Pay(Fixed or hourly) ,bonus,overtime ,commissions and other allowances.Calculate your income as follows Current Fixed Base Pay or Average Hours Worked in the last 6 months X Current Hourly Rate. 4. Then Add the average of last 2 years Bonus+ Overtime + Commissions + Other Allowances Receive..Do average this over two years.Enter the numbers against the Borrower and CoBorrower ,if any. 5. For self employed individuals you will need to average the last 2 years Net Taxable Income( Amount After adjusting expenses on which you paid your taxes) .You are allowed to add back the depreciation charged in your accounts to arrive at Net Taxable Income.
MONTHLY PAYMENTS
Combined Auto Payments(Monthly) 1)All Auto Payments for the Borrower and CoBorrower 2)Please enter the Combined Monthly payments. Auto Loan Monthly Payment(<10 Payments Left) 1)If Borrower or CoBorrower has auto loans that will be paid off in 10 months or less ,please enter the corresponding Monthly Auto Loan payments here.
Combined Credit Card Payments (Monthly) 1) Monthly Payments for Credit Cards for Borrower and CoBorrower go here 2)This column only requires the MINIMUM monthly payments and not what you pay per month. 3) DO NOT enter monthly payments for cards you pay in FULL every month. Pay in Full 1)If you pay your credit cards in full every month indicate it here.
Other Instalment Loan Payments(Monthly) 1)The following monthly instalments go here a)Child Support b)Credit Line or Instalment loan payments not considered above c)Student loans d)Only MONTHLY payments need to be entered here.
CURRENT OWNED HOUSING
Do not enter your Current rent payments in any of these columns.
These columns apply only if you presently own a home that YOU WILL RETAIN after Buying the New Home
Primary Home(Monthly Pmts) 1)Please enter the following combined MONTHLY payments for your Primary Home.DO NOT ENTER YOUR RENT PAYMENTS,if you do not own a HOME a)First Mortgage b)Second Mortgage ,if any c)Monthly pro rated taxes d)Monthly prorated insurance e) Monthly HOA ,if any.    
  Rental Homes(Combined Monthly Rent Received) 1) ALL YOUR RENTAL HOMES a) Please enter the combined monthly RENT here   Rental Homes(Combined Monthly Pmts)  1)Please enter the following combined MONTHLY payments for ALL YOUR RENTAL HOMES a)First Mortgage b)Second Mortgage ,if any c)Monthly pro rated taxes d)Monthly prorated insurance e) Monthly HOA ,if any.
PAYMENT HISTORY
How we Look at Derogatory Credit
Lates(12 Months) 1) Check this box if you had a 30/60/90/120 day late reported on any Credit Card or Auto Loan or Instalment Loan on your CREDIT REPORT in the LAST 12 MONTHS. Collection/Chargeoff Accounts 1) Check this box if you have unpaid/unsettled CHARGE OFFS/COLLECTION accounts reporting on your credit.
Unpaid Tax Liens/Judgements 1)Check this box if you have UNPAID or NOT SATISFIED Tax liens and/or Judgements reporting on your credit. Tax Liens/Judgements Balance Please enter the OUTSTANDING BALANCE of any Tax Liens and /or Judgements
  Payment Plan Please CHECK this Box if you have a PAYMENT PLAN with the IRS or a CREDITOR, ONLY for OUTSTANDING TAX LIENS and/or JUDGEMENTS.   Tax Lien/Judgement Monthly Pmt If you do have a PAYMENT PLAN enter the amount you pay monthly for outstanding TAX LIENS and/or JUDGEMENTS.
BK CHECK this BOX if you filed a BK in the last 7 years. Type Status Date 1) In the case of you filed a chapter 13 enter the FILING date in the status date 2)In case you filed a chapter 7 enter the DISCHARGE date in the status date.
Foreclosures/
Short Sales 		CHECK this box if a foreclosure or short sale was filed in the last seven years. Status Date Please enter the date you the Bank showed the property as a foreclosure or the date the Bank accepted the short sale
       
CREDIT
Our Credit and Down Payment Requirements
*Borrower Estimated FICO 1) This is your FICO score that you are aware of as informed by a Credit Reporting agency or an entity who did a credit check on you.(Normally FICO scores are between 300-800) Co Borrower Estimated FICO 1) This is your FICO score that you are aware of as informed by a Credit Reporting agency or an entity who did a credit check on you.(Normally FICO scores are between 300-800)
Borrower Rated Credit CoBorrower Rated Credit
*Down Payment%
PROPOSED HOUSING
Estt Purchase Price Working With Agent Estt Purchase Date
 
* required fields
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