what is currently needed (guidelines) to get a conventional mortgage loan?

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2 Comments
  1. Reply
    bobby769
    January 24, 2011 at 9:24 pm

    For a conventional loan?
    – A high enough verifiable income.
    – A high enough credit score, possibly as high as 750 or more.
    – Verifiable assets.
    – Large enough down payment.

    More or less.

  2. Reply
    Big Deal Maker
    January 24, 2011 at 9:33 pm

    20% down payment. Provable income. And 6 months in the bank that would cover the payment. And that could be in a 401k. an ira account and so forth.

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