Free Pre-Qualification Calculator
Mortgage Pre-Qualification Calculator
Get instant estimate of how much you can borrow based on income, debts, down payment, and credit score. See your maximum home price in Bergen County.
Pre-Qualification vs Pre-Approval
Pre-Qualification
- •Fast estimate (5 minutes)
- •Self-reported information
- •No credit check required
- •Ballpark estimate only
- •Good for initial budgeting
Pre-Approval
- ✓Official commitment from lender
- ✓Full credit report & verification
- ✓Exact loan amount & rate
- ✓Strengthens offers to sellers
- ✓Required for serious home shopping
Credit Score Impact on Rates
Excellent
740+
Best rates available. Estimate: 6.25%
Good
700-739
Great rates. Estimate: 6.5%
Fair
660-699
Average rates. Estimate: 6.875%
Poor
620-659
Higher rates. Estimate: 7.25%
Rates are estimates based on 30-year fixed conventional loans with 20% down. Actual rates vary by loan type, down payment, debt-to-income ratio, and market conditions.
Get Official Pre-Approval
Ready to make offers on Bergen County homes? Get official pre-approval from CMG Home Loans with exact loan amount and rate.
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