Nova Prequalification Assistant | Own It Group

Nova Mortgage & Prequalification Assistant

Website calculator + guided call interview + printable PDF summary for Follow Up Boss / SuiteDash.

1. Client
2. Property & Payment
3. Income
4. Debts
5. Results
6. Call Form
7. PDF / FUB Note

Client File

Later we can make Nova pass these values from the email link, then save the PDF to SuiteDash and add a Follow Up Boss note through Activepieces.

Property Snapshot

Quick Answer

$0
Lowest estimated payment from visible scenarios.
DTI: --DSCR: --

Loan Scenarios

DTI badges are based on the Max DTI field. Over Max DTI is always red. Within 2% of Max DTI is orange. Within 5% is yellow. More than 5% under Max DTI is green.

ProgramDown %Rate %MI / FeeP&ITaxesIns.HOAMITotalCashIncome NeededActual DTIDTI RoomStatusDSCR Rent
FHA
UFMIP included
Conventional
Adjust PMI manually
Conventional 20%
VA
Funding fee financed		VA fee %
DSCR InvestorN/A

VA note: VA calculation assumes the funding fee is financed into the loan. Set Funding Fee Exempt to Yes for eligible exempt borrowers. The calculator auto-updates the VA funding-fee percentage based on first/subsequent use and down payment.

Default 50%. Change this field to the max DTI you want Nova to use. See DTI Guideline Notes below for AUS/manual guidance.

Income Interview

Income type warning will appear here.
Credit status will appear here.
Prequalification only. Final income depends on AUS findings, lender overlays, documentation, tax returns, VOE, credit, assets, reserves, and program rules.

W2 / Salary / Hourly

Self-Employed / 1040 Questions

Schedule C line 31, or K-1/ordinary business income as applicable.
Ask for: 2 years 1040s, all schedules, business returns if applicable, K-1s, S Corp W2s, YTD P&L, business bank statements, and explanation for declining income.

No Tax Returns Handy - Estimate Only

Phone estimate only. Do not rely on gross revenue. Tax returns and/or lender-required docs control final qualifying income.

Income Result

$0 / month
$0 / year

Monthly Debts

Debt Total

$0

Excludes new mortgage payment.

Nova Risk Analyzer

Visible Warning Test: Try FICO 619. The credit score input should turn red and show a red warning immediately.

This is a loan-officer warning system. It flags risk items quickly, but final approval still depends on AUS, full documentation, lender overlays, MI, and underwriting.

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Enter data to analyze
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Warnings / Concerns

No warnings yet.

Strengths

No strengths yet.

Underwriter Warning Center

These are practical loan-officer flags. They do not replace AUS, lender overlays, MI approval, or underwriting.

Credit

Enter credit score.

Cash to Close

Enter available funds.

Reserves

Enter reserves after closing.

Self-Employed

Select income type.

FHA / VA

Program warnings appear here.

Mortgage Insurance

MI risk appears here.

Underwriter Summary

Fill out the calculator to generate underwriter-style notes.

Prequalification Dashboard

$0
$0
50%
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ProgramPaymentActual DTIMax DTIOver / RoomIncome NeededSuggested Max PriceDebt Reduction NeededStatus
Fill out income, debts, price, and loan scenarios to see qualification status.

Actual DTI Snapshot

Actual DTI uses: (selected mortgage payment + monthly debts) ÷ monthly income. This helps show whether the borrower has room to go higher or needs to reduce purchase price, debts, or payment.

ProgramPaymentMonthly IncomeMonthly DebtsActual DTIMax DTIRoom / OverStatus

DTI Guideline Notes

Use this as a quick field guide only. Final approval depends on AUS findings, lender overlays, credit, reserves, LTV, property type, occupancy, compensating factors, and full documentation.

ProgramAutomated / AUS TargetManual Underwriting / Caution ZoneNotes
ConventionalDU/LPA may allow up to 50% total DTI.Manual files are commonly capped around 36%, with possible expansion up to 45% when requirements such as credit score and reserves are met.Use 50% only as a max test. Stronger files should be lower.
FHAAUS approval may allow higher ratios depending on findings and lender overlays.Manual FHA baseline is commonly 31% housing / 43% total debt. With allowed compensating factors, manual ratios may increase, commonly up to 37/47 or 40/50 depending on the file.For quick estimates, use 43% conservative, 50% aggressive only with compensating factors/AUS support.
VAVA focuses heavily on residual income. 41% is a common DTI benchmark, but higher DTI may be acceptable with strong residual income/compensating factors.If above 41%, review residual income, payment shock, credit, assets, and lender overlays carefully.VA is not just a DTI loan. Residual income matters.
DSCRPersonal DTI is usually not the main qualifier. Rent coverage is the key factor.Manual/lender-specific review if rent does not meet DSCR target.Use DSCR = Market Rent ÷ PITIA. Common targets are 1.00+ or 1.10+, depending on lender/program.
ITIN / Non-QM / Bank StatementLender-specific.Manual review almost always applies.Use calculator as estimate only. Guidelines vary widely by lender.

Prequalification Results

ScenarioPaymentIncome UsedOther DebtsEstimated DTIIncome NeededCash NeededStatus

DSCR Result

Market Rent:$0

DSCR PITIA:$0

DSCR Ratio:--

Status:--

Missing Items Checklist

    Guided Call Form

    Cash-to-close status will appear here.
    Reserve status will appear here.

    Questions to Ask

    1. Are you buying as primary, second home, or investment?
    2. What monthly payment are you comfortable with?
    3. How much money do you have for down payment and closing costs?
    4. What is your estimated credit score?
    5. Are you W2 salary, hourly, commission, 1099, or self-employed?
    6. How long have you been in the same line of work?
    7. If self-employed: Schedule C, S Corp, partnership, or C Corp?
    8. What did your tax returns show the last two years?
    9. Any car, student loan, credit card, child support, alimony, or mortgage debts?
    10. For DSCR: realistic market rent?

    PDF / Follow Up Boss Note

    This creates a printable PDF summary and a copy-ready note for Follow Up Boss. Use your browser’s print dialog and choose Save as PDF.

    FUB Note Preview

    PDF Preview

    DTI color logic test: Change Max DTI to 40%, 45%, or 50%. The same loan should immediately reclassify based on the Max DTI field.

    Calculator Note: Nova Risk Analyzer is a warning tool, not an underwriting decision. Red/yellow/green flags are meant to help Henry quickly identify what to verify next.

    Calculator Note: Max DTI is editable. Income-needed calculations use: (new mortgage payment + monthly debts) ÷ Max DTI. Actual DTI uses borrower income, debts, and property payment. Mortgage insurance/PMI is estimated; final MI can change based on credit score, down payment, DTI, program, and lender/pricing.

    Disclaimer: This tool is for preliminary mortgage and prequalification conversations only. It is not a loan approval, underwriting decision, Loan Estimate, or commitment to lend. Always verify guidelines, AUS findings, lender overlays, documentation, tax returns, credit, assets, title, insurance, HOA, property eligibility, and full documentation.