While requirements are becoming more flexible, a score of 620 is generally the baseline for conventional loans. FHA loans allow scores as low as 580 with a 3.5% down payment, or even 500 with 10% down.
This compares your monthly debt to your gross monthly income. Most lenders prefer a DTI under 43% , though some conventional programs allow up to 50% for strong applicants. what do you need in order to buy a house
Lenders typically look for two years of stable employment in the same industry. While requirements are becoming more flexible, a score