What is a Loan Readiness Score?

Cartoon design showing 5 people with one of them showing a thought bubble above their head that has a drawing of a house.

We know that everything that UQUAL can do to help can sometimes be confusing, so we wanted to tell you everything you need to know, so you understand exactly why UQUAL is the best path forward!

At UQUAL our main goal is to have you hear the words “You Qualify.”

We achieve this by focusing on the 4 pillars that make up Loan Readiness Score!

Image showing the four pillars that populate the loan readiness score; debt-to-income, savings/down payment, credit, and documentation.

What is a Loan Readiness Score?! Get ready because we’re about to BLOW your mind with some information about our Loan Readiness Score and how it is SO much better than just a credit score!

This is called our “Loan Readiness Score” or LRS.

Loan readiness score picture showing 84 points with a green plus 28 underneath to show improvement.

Why is this better than just a Credit Score?

It’s not JUST about credit score. There is far more that goes into qualifying your clients for a home loan.

How is this calculated?

The Loan Readiness Score is broken down into four sections below. 

1. Down Payment (30%)

2. Debt to Income (30%)

3. Credit Score (30%)

4. Documents uploaded (10%)

What score indicates you’re ready to move forward with your loan?

Our algorithm is constantly improving; we’re looking for 85+, sometimes higher depending on your situation.  

This is a QUICK indicator to tell you where you are on your Loan Readiness Journey. As always, we’re to help you every step of way to ensure you stay on the path to Loan Readiness. 

  • Claudia ReyesClaudia Reyes

    Thank you so much Desiree Dallas! Desiree was amazing to work with she was extremely helpful, professional, and patient and extremely knowledgeable. Desiree made it easy for me to understand the service. She took the time to walk me through each part of the process making sure I understood everything clearly. Desiree even encouraged me to follow up and reach out directly. I highly recommend working with her. Thank you very much Desiree!!

  • Ricky HarlanRicky Harlan

    I had the pleasure of working with Megan as my Loan Readiness Coach, and I can’t say enough good things about the experience. From the very beginning, she was not only professional and knowledgeable, but also incredibly patient, clear, and supportive throughout the entire process.

    She took the time to break everything down step by step, answered all my questions, and truly helped me understand what I needed to feel confident and prepared. Her guidance made a process that can often feel overwhelming feel completely manageable.

    Megan genuinely cares about helping people succeed — and it shows. If you’re looking for someone to help you navigate loan readiness with clarity and encouragement, she’s absolutely the one to go to.

    Thank you again, Megan — I really appreciate all your help!

  • Laura PullenLaura Pullen

    A BIG thank you to Juan and his team. Very knowledgeable. JP personally took time to make sure I understood everything. This amazing man and his team helped make my family's dreams come true and we now own our own house.

  • Gary L NorrisGary L Norris

    Chris was amazing! He was able to walk through my dashboard, and walked me through the process on disputing things on my report. He gave me great counsel in what to pay off next and gave me recommendations to help improve my credit score. Excellent customer support!

  • Latisha BoneyLatisha Boney

    Desiree Dallas, was most helpful with assisting me today! I had questions prior to our call and she answered them all. She was very helpful, I intend to continue communicating with her during our journey to becoming mortgage ready! Thank you Mrs Dallas