What Mortgage Do You Qualify For?
Check your eligibility for VA, FHA, Conventional, Bank Statement, and DSCR loans — in 30 seconds. No credit pull.
Frequently Asked Questions
What mortgage do I qualify for?
Your mortgage qualification depends on credit score, income, debt-to-income ratio, down payment, and how you plan to use the property. VA loans require veteran status and offer $0 down. FHA needs 580+ credit with 3.5% down. Conventional requires 620+ credit with 3-5% down. Bank Statement loans serve self-employed borrowers with 660+ credit. Our free calculator checks all 6 programs simultaneously so you can see every option.
What credit score do I need for a mortgage?
Minimum credit scores vary by program: FHA accepts 580 (or 500 with 10% down), VA requires 580, Conventional needs 620, USDA requires 640, Bank Statement needs 660, and DSCR loans require 680. If your credit is below these thresholds, a credit repair specialist can often help you qualify within 3-6 months by addressing collections, late payments, and utilization.
Can I get a mortgage with no down payment?
Yes — multiple programs offer $0 down. VA loans require no down payment for eligible veterans and active military. USDA loans offer 0% down for properties in eligible rural areas. California's DPA programs (CalHFA MyHome, CalPLUS) can cover your entire FHA or Conventional down payment through deferred-payment junior loans or grants. Even with $0 saved, homeownership is possible.
Does this calculator affect my credit score?
No. This is an informational tool only — it does not pull your credit report. There is no hard inquiry and zero impact on your credit score. A formal credit pull only happens when you submit a full mortgage application, which is a separate step you control.
I'm self-employed. Can I get a mortgage?
Absolutely. Bank Statement loans are specifically designed for self-employed borrowers. Instead of tax returns, lenders use 12-24 months of bank deposits to verify income. This is ideal if your tax returns show lower income due to legitimate business deductions. You'll need a 660+ credit score and 10-20% down payment. Rates are slightly higher than conventional but approval rates are much higher for self-employed applicants.
How accurate is this mortgage qualification calculator?
This calculator uses the same program guidelines that lenders follow — minimum credit scores, DTI limits, down payment requirements, and occupancy rules. However, actual qualification depends on your complete financial picture including employment history, assets, and property specifics. Think of this as a reliable first screening — your loan officer will confirm exact eligibility during the pre-approval process.
Questions About Your Results?
Every situation is unique. Let's review your specific scenario and find the best path forward.
Aditya Choksi | NMLS #2055084 | 21st Century Lending | Equal Housing Opportunity