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Home Mortgage Prequalification

Building a new house, buying a new home?


The following calculator is designed to help you determine whether you will pre-qualify for a mortgage and if so, for what amount will you qualify. To get started please answer the following set of questions.

Step 1. Your Annual Income
      Applicant 1 There is no second applicant
Applicant 2 (co-applicant)
Income
(list annual income, NOT monthly)		 Income
(list annual income, NOT monthly)
W-2 income Self employed income W-2 income Self employed income



Step 2. Your Monthly Payments
  • List your monthly expenses. The type of expenses that need to be included here are expenses for which there is an outstanding debt that you are making payments upon. For example utility expenses or grocery bills would not be included, but things like car payments or a student loan would.


  • Any debt upon which you are making payments - and will be completely paid off by the time you close on the loan should not be included.


  • If you currently own a house and plan on selling it when you purchase your new home, do not include these payments. If you are not planning on selling your current residence, then these payments must be included. The monthly payment amount should include principal, interest, taxes and insurance.


  • If you will be applying jointly, then payments made by both applicants should be included. If you are applying individually then payment obligations for that person only should be included.
1. Monthly(minimum) payment on credit card debt 2. Home equity loan payment (if debt will be paid when house is sold do not include)
3. Mortgage Payment (include only if you are not selling the house) 4. Boat, RV, Motorcycle payment
5. Student Loans 6. Auto Loans
7. Other Payments   Total Monthly Payments



Step 3. Your Credit Scores
Your credit is an extremely important factor for determining whether you will qualify for a loan, as well as, what interest rate you will pay. If you do not know your credit score, please check the box which indicates this. Though our loan pre-qualification analysis will not be as complete we can still provide you with some guidance.
Credit Score
(Applicant 1) 		Credit Score
(Applicant 2)
I do not know my credit score I do not know my credit score



Step 4. Your Past Credit History
Your past credit history, in addition to your credit scores, is a very big determinant of whether or not you will qualify for a mortgage. Please answer the following questions:
  Applicant 1     Applicant 2  
1. Have you been late on a mortgage payment within the last 2 years? Yes No 1. Have you been late on a mortgage payment within the last 2 years? Yes No
2. Have you ever declared bankruptcy? Yes No 2. Have you ever declared bankruptcy? Yes No
2a. If yes, was it discharged more than two years ago? Yes No 2a. If yes, was it discharged more than two years ago? Yes No
3. Do you have any uncollected judgments, accounts, or liens against you? Yes No 3. Do you have any uncollected judgments, accounts, or liens against you? Yes No
4. Have you ever had a foreclosure or repossession? Yes No 4. Have you ever had a foreclosure or repossession? Yes No
4a. If yes, has this been more than two years ago? Yes No 4a. If yes, has this been more than two years ago? Yes No



Step 5. Your Loan Terms
Please complete the information below. You can select up to three separate interest rates.
Select the loan type






Select up to three interest rates
(Enter annual rate such as 6.5 or 7. Do not enter the % sign)
Interest Rate 1
Interest Rate 2
Interest Rate 3



Step 6. State (Where You want to Build)
Please select the state where you want to build your home.
Select the State



Step 7. E-Mail Address (to send you results)
The results from this mortgage qualification form will be sent to you by email.  Please enter a working email address and your first name and these results will be sent to you. 
E-mail Address First Name


We Protect Your Privacy
Submitting this form will not result in the checking of your credit.
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