New Pre-Qualify for Mortgage on a house ( without talking to lenders )

Now, this video is for people that are obsessed with planning like I am. You want to make sure before you go ding your credit score, you have everything you need to qualify for a loan.

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Free Sheet ( download it don’t request access)

1. Credit Score
– This is the first thing people turn to when thinking about buying a house
– I need to have a good credit score, or else I will not qualify
– Well that’s not true
– You can have no credit score and still qualify for a mortgage

But First Lets talk about having a Credit Score:
– Credit score make it easy for lenders to judge the odds of you paying back your debt and also lets them know all the debt you have and who you owe money to basically
– And 100% of the time having no credit score vs having bad credit is better ( because they are looking at two main factors, payment history, and credit utilization )
– They don’t want to lend to someone that’s drowning in debt and is missing payments

General Rules:
– 500-580+: is poor credit, but can usually get you special loans like FHA, VA loans, and USDA ( usually these loans are guaranteed by the government, so it makes it easier for you to qualify)
– But if you want great rates and just conventional loans you’ll want to be around 740 and above
– However, remember when I told you don’t need credit

Manual unwriting or your brand new to credit
– Is because you don’t have a credit score or are new to credit you’ll have to get manually underwriting
– This when they ask you for documentation of your financial life so they cant paint a picture of how likely you are to pay back the loan
– And this basically what dave ramsey teaches

However, here is my advice:
– If you want to build credit without the debt to make getting a loan faster and easier
– Just take out 2-3 credit cards or keep the credit cards you have now and pay them in full
– Add a small bill to each card like your phone bill, internet, and Netflix ( and then set the card to auto-pay in full each month) – in a few months you have good credit but no debt.

2. Debt to Income Ratio
– It uses to be you could just walk into a bank before 2008
– And you could be a waiter and say I make 100k and they would believe you
– And give you a loan with some crazy clauses inside of it
– But today they verify everything by law

The Basic Idea is:
– Banks don’t want you to use all your income for your debt payments
– Because they know its unrealistic and risky
– So they want to exactly how much income to use to support your debt payments and that’s all it is

A real example: with Free Sheet, I stole copied from Meet Kevin
– The best way to buy is debt-free with extra cash to manage your emergencies
– This way you don’t need a massive income
– And this way you don’t have a bunch of payments to worry about

3. Obviously they will Need to verify All your income
– Tax returns, pay stubs, and more
– And they want to see consistent income ( because that shows consistent payments )
– Usually, they ask for 2 years of tax returns and two years of proof of income and average out your income to get a basic figure

Now full transparency here:
– When I did before I had credit card debt, student loans and I wanted to buy a 700k multi-family home in New York
– That needed me to make a lot of money
– Sometimes renting is going to be better, and sometimes moving is going to be better also ( so run the numbers )




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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.


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  1. Auburn Carpet Installers

    Thanks for this awesome video, Tommy! Appreciate this content on Pre-Qualify for Mortgage on a house. Any opinion on Digital Real Estate? I invested in the program of Ippei Kanehara which helps me generate local leads in my Digital Real Estate business. I brought this up since I was able to make 10 sites in total that generate $10,000 monthly.

  2. Joslyn Voltizano

    Hey I’m unable to download your free sheet. In order for us to to view it and then download it the sheet, it has to be shared under "anyone with a link" but still under view only. Can you please update the setting?

  3. Hey I’m unable to download your free sheet. I am on a Mac & chrome but not pulling up any download button. Any tips I should do. Thanks 😊👍

  4. Looks like you shared the sheet under "restricted", which means the only option is to request access because we are unable to even view the sheet and are unable to download it. Under "restricted" only people added to the sheet can view it which is why we can only request access. In order for us to to view it and then download it, it has to be shared under "anyone with a link" but still under view only. That way we are able to download it but cannot mess with the original sheet. Hope this helps.


  5. Joyce Rodriguez

    Thank you! I was wondering why I couldn't get the mortgage but I understand how its calculated now. And sn- you are handsome😅

  6. Gianni Anfit

    Great video Tommy, but I can't just download the excel sheet, it only allows Request Access.


  7. Request access was the only option

  8. Stephany Edgardo

    Informative indeed. Having engaged in the tráde markét and made much profíts, I greatly believe in bitcoín lnvestment, mostly as the markét is currently soaring. With proper direction by a professionaI tráder and a working strategy/daily siqnals. For me it's been extremely successful because I’m always guided by a professionaI tráder named Hayford Kurt whose strategy/daily siqnals has proven to be so accurate and well analysed. Trádinq and growing my port folío from 0.9btc to 5.8btc within 6weeks is so astonishing. Tráde people! It's truly easy and requires less of your time. You can get to Hayford via whásapp: ⨥447862067036 and Teleqram @hayford_ksignals for programs on profítable systems. 🚀

  9. Lance Somerville

    You said “don’t request permission” on the download, but that was the only option I had available.. maybe I’m somehow doing something incorrect??

  10. backtobassics STUDIOS

    I don't see the excel sheet to download, I would love to run a couple numbers myself

  11. Cynnoshah Johnson


  12. Can you do a video on car insurance?

  13. Chlero's eyes


  14. Thank you for sharing

  15. Charles Woods

    Thanks for all the great advice!!!!!!

  16. Sir O'Neil - Personal Finance & Real Estate

    Tommy Kicking game! I know many ppl will benefit from this. I recently closed on my first property in Brooklyn NY! I even created my YouTube channel to document the steps I took

  17. You don’t have to do any of that. All you need to do is sign a subject to finance contract with a seller. You take over the title of the house but the mortgage stays in the sellers name. All you have to do is pay off the remaining mortgage. #real estateinvesting!

  18. Brian Prieto

    hey Tommy had a question I also watch me Kevin are his courses worth it do you recommend them and how many have you took I know he has a few of them

    And thanks for the info I'm looking to buy another house I bought my first house at 21 back 13' when I use a USDA loan do you have any recommendations on applying for a second loan and thank you for all the hard work Tommy

  19. What about refinacing an rent to own house that I'm currently living in?

  20. King Entrepreneur

    64th like on this vid

  21. Trading With CJ

    Great advice mate! Cant wait to get my house! 💯💯

  22. Soren Kristian

    Woow woow 😍💋 💝💖❤️

  23. I have some questions about finance, I need intel I’m a new subscriber and I have many many different questions. Reach out to me if your okay with that. Thank you!

  24. Terrance Thomas

    While watching this video my “basically” and “in reality” counter exploded 3 minutes in

  25. Dayana Plays

    I made a video on how I bought a duplex that cash flows $695 monthly in pure cashflow! Check it out if you have some time 😊

  26. I was just thinking about this

  27. Credit utilization doesn’t really matter. It resets whenever you pay off your balance.

  28. A lil late but still early 👍🏾📸

  29. Black Vito - Moneyology

    My agi was like less than 10k in 2019 and 2020… sooo mortgage companies are not a big fan of me


  31. angel Sumlin


  32. Oh wow! Perfect!

  33. first
    Edit: actually i might not so dont hate

  34. First 🥰

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