- Down payment (varies)
- For down payments less than 20%, Private Mortgage Insurance is required
- Credit score, usually at or above 620
- Debt-to-Income Ratio (DTI) usually has to be below 50%
- Loan size: For a conforming conventional loan, your loan must fall within the loan limits set by Fannie Mae and Freddie Mac. The loan limit changes annually.
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To learn more about other mortgage solutions, visit the products page.