What is a Loan Readiness Score?

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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. 

Click Here For Your FREE Consultation!
  • Vanessa FrancoisVanessa Francois

    Exceptional Service & Clean Communication: Working with Brian Johnston have been incredible. From the very first consultation, he was professional, knowledgeable and genuinely invested in walking me through my questioned in helping me improve my credit score. He explained every step of the process in detail. I appreciate their proactive approach from disputing inaccuracies to offering personalized advice! I am feeling motivated and confident about purchasing a car in the near future! I highly recommend Brain and the work that he does, his services to anyone looking to improve their credit- you won't be disappointed!!

  • Linda AltmanLinda Altman

    Desiree was great. She was very helpful. She mentioned things that others have not, so that was much appreciated.

  • cory menardcory menard

    Great company to deal with. Desiree Dallas Explained everything very thoroughly with me. Not pushy. let me make my decisions on my own. I would highly recommend UQUAL to anyone trying to repair their credit score.

  • Jaylisa CapersJaylisa Capers

    I love the way UQual helps me repair my credit with step-by-step instructions and their representatives never make you feel like you’re in this alone! Chris was amazing. As well as Desiree, and Jerry, some other representatives I’ve previously worked with.

  • Marline CorreaMarline Correa

    I had the pleasure of working with Michelle, and I couldn’t be more impressed with her service. She was incredibly knowledgeable and took the time to thoroughly explain every detail of my credit report. Her patience and clear communication made the whole process much easier to understand. I truly felt supported and informed every step of the way. I highly recommend her to anyone looking for expert credit report assistance—she’s top-notch!