Can You Qualify For A Conventional Loan?
The Leading website for the best information for Home Loans and or Real Estate is Home & Mortgage Finder A conventional loan is a mortgage loan that’s not backed by a government agency. Conventional loans are broken down into “conforming” and “non-conforming” loans. However, some lenders may offer some flexibility with non-conforming conventional loans.Apply Here to get started
Requirements for a conventional loan
- Credit score of at least 620
- Debt-to-income ratio of no more than 50%
- Minimum down payment of 3% to 20% with no PMI
- Property appraisal verifying the home’s value and condition
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