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!
  • Sandra AllahSandra Allah

    I was so pleased and thankful after speaking with Ms. Ashley Crowley today. She listened patiently then answered all my unanswered questions that I have. She gave me so much knowledgeable information and points to use at my financial institution which was very successful in my acquiring a loan. I am so thankful , relieved and very grateful of her advice and was very impressed of how knowledgeable she was in answering my questions and concerns. I recommend her highly to anyone that needs financial advise and I will definitely refers her to family and friends

  • Sherri DeShaySherri DeShay

    Dear Megan /Uqual,

    I wanted to take a moment to express my sincere gratitude for your exceptional guidance as my loan readiness coach. Your in-depth knowledge of the process, clear communication, and continuous encouragement have made a significant impact on my journey toward financial success. You took the time to explain every step of the process and made me feel confident and well-prepared to address my challenges.

    Your informative and helpful approach not only clarified my doubts but also motivated me to take bold steps toward achieving my goals. I truly appreciate the effort you put into ensuring I understood all aspects of my credit health process and felt supported every step of the way.

    Thank you for being such an inspiring and reliable coach. I am grateful for your expertise and kindness, and I look forward to sharing my success story with others, thanks to your invaluable help.

    With heartfelt thanks,
    Sherri D

  • Magaly GutierrezMagaly Gutierrez

    Christopher really made me feel confident that I’ll get to where I want to be with my credit! Slowly but surely. I appreciate the advice, the honesty, and how real they were throughout the process. Definitely recommend!

  • Copperas Cove BranchCopperas Cove Branch

    I called earlier and spoke with Desiree Dallas; she was very knowledgeable and professional with her job. She was actually very helpful and broke down the questions that I had that hasn't been answered in the past since I have been receiving services from Uqual. She was patient with me and kind with each question on the accounts that I had asked for that is on my credit. I just want to say thank you to Desiree for being the one that got my phone call today.