Real Estate Loan Readiness
Answer 5 steps across the Five C's framework to receive your readiness score, deal metrics, and next steps.
No SSN, EIN, or credit inquiry required. This is an educational pre-application tool only.
Understanding the Five C's for Real Estate Loans
When underwriting real estate and mortgage applications, lenders structure risk across five foundational pillars. Assessing these factors in advance allows borrowers to identify underwriting gaps before initiating credit inquiries.
1. Character (Credit History)
Borrowing track record, credit score, and past performance on mortgage or installment accounts.
2. Capacity (Debt-to-Income / DSCR)
Ability to service debt obligations based on personal income (DTI) or property rental cash flow (DSCR).
3. Capital (Equity & Reserves)
Down payment percentage, liquidity, and post-closing reserve months available to cover unforeseen vacancies.
4. Collateral (Loan-to-Value)
Appraised property market value, asset condition, property type, and security backing the mortgage note.
5. Conditions (Loan Structure & Economy)
Prevailing mortgage interest rates, loan term, loan purpose (purchase, rate-term refi, cash-out), and localized housing market momentum.
Frequently Asked Questions About Real Estate Readiness
Does this readiness check affect my credit score?
No. LendEval never pulls credit bureaus, requires no SSN, and creates no inquiry records. It is a 100% educational pre-assessment.
What minimum down payment is needed for investment properties?
Most conventional lenders require 15% to 25% down payment for 1-4 unit residential investment properties, and 20% to 35% for commercial real estate properties.
How does LendEval calculate my readiness score?
LendEval scores your profile across the Five C's of Credit: Character (credit track record), Capacity (debt-to-income), Capital (down payment reserves), Collateral (property value and loan-to-value), and Conditions (market purpose and timing).