Loan Qualifying

Do you qualify for a mortgage loan?

When NHSKC reviews your loan application, we will look at the following factors to determine if you're mortgage-ready:

  • Income
  • Debt
  • Credit
  • Employment
  • Property or collateral
  • Financial resources used for closing costs

More specifically, your ability to qualify for a mortgage loan will depend on the "Four C's" of Credit:

Capacity to repay the debt depends on your earnings and employment history, expenses, number of dependents, and other obligations you have.

Credit history of how much you owe, how often you borrow, if you pay your bills on time, and if you're living within your means.

Capital, or the amount of cash you have for a down payment and settlement costs, as well as cash reserves to deal with repair or replacement expenses that may arise after you're in the home.

Collateral to protect the lender's investment if you don’t repay your loan. The home you buy must posses the worth to back up your loan.

Want to prequalify for a mortgage? Our mortgage pre-qualification calculator shows how lenders see you. See how much you can afford based on yearly income, debts & other factors. Our mortgage pre-qualification calculator will indicate how much you can borrow with a home loan by analyzing your income, assets, and current interest rates available to you.

Call our Loan Officer at 816 822-7703 Ext 212 or email info [at] nhsofkcmo [dot] org.