Mortgage Prequalification Calculator

How much can you prequalify for?

Personal and Mortgage Info:

4%

Minimum Qualification Criteria:

Most lenders require a credit score of at least 620 to pre-qualify a loan.
Most lenders would want to make sure you were employed for at least 2 consecutive years.
Lenders prefer to see the down payment available in your account. It doesn't have to be 20%, but at least some funds in your account would suffice.
Lenders typically require you to wait several years before getting a new mortgage after a foreclosure or bankrupcy.

Monthly Recurring Payments:

Include your credit card debts, student loans, car loans, etc.
$180 is the national average
$80 is the national average


You're likely to prequalify for at least the amount below:

Due to your financial profile, we don't know how much you would prequalify for.
The mortgage recommended below is based on your quantitive data, and may not be eligible to you.

Mortgage lenders require borrowers to have at least an average credit score, money saved for a down payment and consistent employment, and they should not have had a recent foreclosure or bankruptcy.