February 17, 2025

home buyers

First-Time Homebuyer Requirements

home-buyers Credit. A minimum 620 credit score is required for a mortgage except FHA and VA loans which you can be approved with a 580 credit score.
Debt-to-Income. The maximum debt-to-income ratio you can have for a conventional mortgage is 43%. …
Employment. You should have at least two years of stable employment with your current employer. …