mitchell-luo-li7LkjxlB40-unsplash.jpg

APPROVAL FACTORS: MAKING LOANS POSSIBLE VIA THE LENDVIA FINANCIAL WAY.

The Loan Coaches at LendVia Financial are trained to help you complete the application for approval that will present you in the best light. We look at the “big picture” and not just a credit score. Where other’s may have been tight with lending, LendVia Financial will help you find a way.

Here are some of the factors considered in your application.

UTILIZATION RATIO

30%

The Loan Coaches at LendVia Financial are trained to help you complete the application for approval that will present you in the best light. We look at the “big picture” and not just a credit score. Where other’s may have been tight with lending, LendVia Financial will help you find a way.

Here are some of the factors considered in your application.

or below
Anything more your credit starts to suffer.

DEBT-TO-INCOME RATIO

50%

Your debt-to-income ratio (DTI) compares how much you owe each month vs. how much you earn. Specifically, it’s the percentage of your gross monthly income (before taxes) that goes towards your monthly payments for housing, credit cards and other debts. A high debt to income ratio is an indication that you may be living pay check to pay check. No more than 50% of your income should be used to pay debt expenses.

or less

INCOME HISTORY

1-2

Having a stable and seasoned source of income demonstrates financial stability. Income must be from a verifiable source.

Years minimum

FICO

Higher

Your FICO Score summarizes your credit history. At LendVia Financial we have some offerings that are not FICO driven.

Our Loan Coaches are aware that you have specific financial needs that are different and unique. We are prepared to coach you through the process to find real solutions.

The better. You are more than a three digit credit score. At LendVia we recognize and appreciate that.

BANK ACCOUNT

Your FICO Score summarizes your credit history. At LendVia Financial we have some offerings that are not FICO driven.

Our Loan Coaches are aware that you have specific financial needs that are different and unique. We are prepared to coach you through the process to find real solutions.

Applying will NOT hurt your credit score.