Mortgage Readiness
Are you actually ready to buy a home?
CreditGoal AI's Mortgage Ready Score evaluates your complete profile against real lender requirements — credit score, DTI, down payment, reserves, and documentation.
Example: Mortgage Readiness Scores
Mortgage Ready Score
Good
Credit Health
Good
Debt Pressure
Fair
* Example preview scores. CreditGoal Scores are educational estimates — not lender or underwriting decisions.
Mortgage Readiness Checklist
Your full pre-approval checklist.
CreditGoal AI tracks each of these factors as your accounts update.
Credit Score ≥ 640
FHA minimum — 3.5% down payment eligible
Credit Score ≥ 740
Conventional loan best rates threshold
Debt-to-Income below 43%
FHA max — conventional lenders prefer below 36%
24-month clean payment history
No late payments on any account in 2 years
No open collections or charge-offs
Active collections may require payoff at closing
Down payment saved
FHA: 3.5% | Conventional: 5–20% | VA/USDA: 0%
Cash reserves after closing
Lenders want 2–6 months of PITI payments in reserve
No new credit in 90 days
Avoid all new applications before mortgage submission
Stable employment 2+ years
W-2 or self-employed with 2 years tax returns
Document checklist ready
Pay stubs, W-2s, bank statements, tax returns
Loan Programs
Which loan program fits your profile?
FHA Loan
Most accessible. Requires mortgage insurance premium (MIP).
Conventional
Best rates above 740. PMI required if below 20% down.
VA Loan
Military/veterans. No PMI. One of the best loan programs available.
USDA Loan
Rural areas only. No PMI. Income limits apply.
Hawaii Programs
Hawaii homebuyer assistance programs.
CreditGoal AI helps Hawaii residents identify eligibility for down payment assistance and special loan programs.
HHFDC Affordable Homeownership Program
Hawaii Housing Finance and Development Corporation — below-market purchase prices for qualifying households.
NFMC Hawaii HUD Counseling
Free HUD-approved housing counseling and homebuyer education — required for some assistance programs.
Hawaii HomeOwnership Center
Down payment assistance loans and homebuyer education for Hawaii residents.
USDA Rural Development Hawaii
No-down-payment USDA loans for eligible rural properties across the Hawaiian islands.
VA Home Loan (Hawaii)
No-down-payment VA loans for active military and veterans stationed or residing in Hawaii.
Program availability and eligibility requirements change. Consult a HUD-approved housing counselor for current details.
Track your mortgage readiness progress.
CreditGoal AI monitors every factor and tells you what to do next.
Join Early Access