FHA Loan
Credit Score
500-580
Varies Based off of Down Payment
Down Payment
Debt:Income
3.5%
*Increases by Credit Score
43%
May be Higher with Certain Factors
VA Loan
Credit Score
Varies by Lender
Down Payment
Debt:Income
None
41%
May be Higher with Certain Factors
USDA Loan
Credit Score
Varies by Lender
Down Payment
Debt:Income
None
41%
May be Higher with Certain Factors
After an accepted offer your lender will assign an appraiser to appraise the home and give an opinion of value. Lenders will not finance more than what the appraiser determines the value to be.
Conventional Loan
Credit Score
Minimum 620
Down Payment
Minimum 3%
Debt:Income
36%-45%
