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. 

  • Diane LewisDiane Lewis

    I spoke with Desiree Dallas today upon calling to cancel my service and needless to say I did not cancel my service. She was amazing! She pointed out a few things, gave me some great info and tips. She seemed to really care about my situation and actually made me feel a lot better than I initially did. Desiree did not appear rushed or upset about me canceling my service, but rather went over what was going on with my credit, my account, and where I stood present day so that even after canceling I’d have a few tools to take with me. I really appreciate the warm approach and treating me like a person. I’m glad I did not cancel today, she even offered some discounts and changed a few things around for me. I feel so much better having connected with her today. Thanks Desiree… you’re awesome!!!

  • R RyanR Ryan

    The people I talked to here are good. But I had a great experience working with Desiree Dallas. She gives you the facts straight, what you need to do, and gets you going. She also very upfront, open, and understanding of your situation and truly does have your best interest to heart. She genuinely cares to get you a better financial situation and I have really seen great improvements to my credit and debt management thanks to her.

    This is not a bad place to start if you need help getting your credit repaired and getting help managing how you should keep your debts down or how much to spend say if you ever want to get a house, refinance, buy a car, or any loaning needs that will rely on your score. I don't know about other companies. or how they do credit repairs, but this one is legit and really was able to improve my scores and help me dispute things as well.

    I didn't think it would be possible to get items off my report and to see my credit dramatically increased due to bad decisions I made in the past. The whole credit system and how they play these games with points is messed up and quite mind blowing. But people like Desiree and the team was here to help guide us and become more conscious and knowledgeable and willing to help you out. It will take time for sure, but you'll get results if you stick with what they say and do.

  • simona thomassimona thomas

    It was a pleasure speaking to my loan readiness. Coach Jasmine, she was so knowledgeable, understandable patient. And she was able to address all my concerns today. I will give Jasmine more than 5 stars because.
    Of her willingness to help me. And very patient, God bless.
    And thank you very much

  • Shannon VardisShannon Vardis

    Working with Donovan and his team at UQUAL has been an absolute game-changer for our customers and our business. Their expertise and dedication to improving credit scores have helped countless individuals achieve their financial goals. Their personalized approach and commitment to transparency set them apart in the industry. We've seen remarkable results, with clients seeing significant improvements in their credit scores in a relatively short time. Their team is professional, responsive, and genuinely cares about the success of their clients. Partnering with UQUAL has been one of the best decisions we've made, and we highly recommend their services to anyone looking to rebuild their credit. Five stars all the way!

  • Katrina TaylorKatrina Taylor

    This company is fantastic! I had some pretty hard creditors that had high balances that they were able to fight and get removed. It’s been a long time since I have felt comfortable with a company to handle this matter for me and they are doing an amazing job! I saw a jump within the first 30 days! Mandolyn is probably the most friendly readiness coach I have ever encountered! Thank you for all you guys do!