Conforming Loans: Requirements, Rates & How to Apply
Conventional loans that meet Fannie Mae and Freddie Mac guidelines, including loan amount limits set by FHFA.
620
Min Credit Score
3%
Min Down Payment
50%
Max DTI
conventional
Category
Key Takeaways
- ✓ Minimum credit score requirement: 620.
- ✓ Minimum down payment: 3% of the purchase price.
- ✓ Maximum debt-to-income (DTI) ratio: 50%.
- ✓ Conventional loans that meet Fannie Mae and Freddie Mac guidelines, including loan amount limits set by FHFA.
Related Resources
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