Why do you need good credit ?

No matter what type of loan you want , you must have good enough credit to get approved

What type of loan do you need ?

🏡 What do you need the loan for? Here's a concise overview of the typical requirements for obtaining various types of loans,

💵 How much money do you need?

📆 How soon do you need the funds?

💳 What’s your current credit score range?

What are the qualifications for a loan?

🛻 Auto Loan Requirements

Credit Score: A 600 or higher credit score can lead to better loan terms.

Proof of Income: Recent pay stubs or tax returns to verify your ability to repay the loan.

Employment Verification: Documentation confirming your current employment status

Proof of Identity: A valid government-issued ID, such as a driver's license or passport.

Proof of Insurance: Evidence of auto insurance coverage

Vehicle Information: Details about the car, including make, model, year, and VIN

💳 Personal Loan Requirements

Credit Score and History: A good credit score of at least 640 and a history of timely payments

Income Verification: Proof of steady income through pay stubs or tax documents.

Debt-to-Income Ratio: A manageable ratio indicating your ability to handle additional debt.

Collateral: For secured loans, assets like a car or savings account may be needed.

Personal Identification: Valid ID and Social Security number

Employment Details: Information about your current employer and job stability.

🏠 Mortgage Loan Requirements

Credit Score: A minimum score, often around 660 for conventional loans.

Proof of Income: W-2s, pay stubs, and tax returns to verify earnings.

Debt-to-Income Ratio: A DTI ratio below 43% is commonly preferred.

Property Appraisal: An assessment to determine the home's value
Asset Documentation: Bank statements and investment records to show financial stability
Down Payment: Funds for a down payment, which can vary based on loan type.
Employment Verification: Confirmation of steady employment, typically for the past two years

🏠 Business Loan Requirements

Credit Score: A minimum score, often around 680 for conventional loans.

A strong business credit profile (Paydex Score, Experian Business, or Equifax Business) helps with better approval odds and loan terms.

Business License and or Articles of Incorporation
Employer Identification Number (EIN)
Proof of Ownership
(for partnerships, corporations, or LLCs)
Voided Business Check
or business bank account information
Minimum monthly or annual revenue requirements vary, but many lenders expect at least $5,000–$10,000/month in gross revenue.
Bank statements from the past 3–6 months are usually required to verify cash flow.

Most lenders require your business to be operational for at least 6 months to 2 years, depending on the type of funding.

Some loans require collateral such as business equipment, inventory, real estate, or other valuable assets.

Some lenders may request a simple business plan, especially for startups, or a detailed explanation of how funds will be used (e.g., equipment purchase, marketing, expansion).

Don't worry, we can help!

Step 1

Complete Survey

We call this the “My Why” because it is your reason for fixing your credit.

Step 2

Service Plan(s)

Please choose any and all credit repair service plans you need.

Step 3

Onboarding

After accepting service plans, you will be onboarded into our network.

Freeway to Wealth Credit Builders is a credit repair agency, providing credit restoration, credit building, credit monitoring and business credit services.