What is a Loan Readiness Score?

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!

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.

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.

Nastassie Pickett
We have only been with Uqual for a little over a month but we have seen such great progress on our credit report and score in a short time. Hannah was very helpful and friendly on my first check in with the advisor team. She reviewed the progress thus far and provided recommendations moving forward to continue to increase our scores.
Edilberta Coyote
I usually don't write reviews unless someone actually deserves it , but after the experience that I’ve had with Mandolin Raper I had to write this review she deserves a 10 🌟 review. I love the fact that She went above and beyond to guide step by step and advise me on what we're my priorities to fix. It's really hard to find an agent that treats you with kindness and respect. This made me feel appreciated and valued not only as a customer, but as a person. She got things done in a matter of minutes something I didn't get with other companies I've called. If it wasn't because of Mandolin's professionalism I would've called someone else like I did before I called UQUAL. Mandolin definitely knows what she is doing she gained my trust right away. Definitely recommend her and the company. Thank you again Mandolin Raper.
Amy Victor
Usual was helpful with repairing credit. I signed up with the intention of improving my credit to get qualified floor a home loan. One I accomplished my goal of closing on a house, it was incredibly difficult to cancel. I spent over an hour on the phone trying to cancel where I was pressured into keeping the account open. 4 months after closing on my house, I spent another 30 minutes on the phone to cancel my services. This is very frustrating. I would not use their services again specifically for this reason.
A P
I cannot recommend UQUAL enough for anyone seeking credit counseling.

Chris was able to give me guidance and support even when I was feeling overwhelmed and emotional, Chris remained patient, understanding, and supportive. He walked me through the steps I needed to take to improve my credit, providing clear explanations and practical advice. His words of wisdom about building credit back up were incredibly helpful and motivating.
I am truly grateful for Chris's expertise and compassion. He made what could have been a daunting process much easier and more manageable. If you're looking for a credit counseling coach or company who truly cares about your financial well-being, I highly recommend UQUAL.