{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/21d5ba0ba49741ae8b221d3c19c9b50d\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/21d5ba0ba49741ae8b221d3c19c9b50d-4573ab249d7dfa93.gif","duration":35.584,"title":"Understanding Conventional Mortgages and Their Requirements 🏡","description":"In this video, I explain what a conventional mortgage is and how it differs from government-backed loans. To qualify, you'll need a credit score of at least 620, with 740 or higher for the best terms, along with steady employment income for the past two years and a debt-to-income ratio below 43%. Typically, a down payment of 3 to 20% of the home's value is required, and proof of assets and savings is necessary. Remember, higher credit scores and larger down payments can lead to better loan terms. If you're considering a conventional mortgage, make sure to assess your financial situation accordingly."}