Prequal - Level 1

BUYING - POWER

Step 1 - Occupancy and Program

Occupancy

Loan Program

Down payment rules auto-adjusted by program and occupancy.

Step 2 - Credit, Income and Debts

Estimated FICO

Minimum FICO: FHA 580, Conventional and Bank Statement 620, DSCR 620

Monthly Gross Income ($)

Monthly Minimum Debts ($)

Car, credit cards mins, loans, student loans, etc.

Amortization (Years)

Step 3 - Property and Escrow Estimates

Down Payment (%)

Min DP depends on program and occupancy.

Property Taxes (Annual $)

HOI (Annual $)

HOA (Monthly $)

Step 4 - Results

Estimated Rate-

Min Down Payment-

PITI(+MI/PMI+HOA)-

Front-End DTI-

Est. MI/PMI Monthly-

Recommendation-

Back-End DTI-

DSCR-

Disclaimer: Estimates only. Formulas used: Front DTI = (PITI + HOA) / Income, Back DTI = (PITI + HOA + Monthly Debts) / Income