video1.0<iframe src="https://www.loom.com/embed/21d5ba0ba49741ae8b221d3c19c9b50d" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/21d5ba0ba49741ae8b221d3c19c9b50d-4573ab249d7dfa93.gif35.584In 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.