Navigating Conventional Loan Requirements with Bond Street Mortgage

Understanding the requirements for securing a Conventional Loan is crucial, and Bond Street Mortgage is here to help simplify the process. Conventional loans, known for their flexibility and variety, generally require a higher credit score, typically around 620 or above, to qualify. Borrowers are expected to provide a down payment, which can be as low as 3% but often benefits from being higher to avoid private mortgage insurance (PMI). Additionally, proof of income, employment verification, and a favorable debt-to-income ratio (DTI) are essential to demonstrate repayment capability. With Bond Street Mortgage, our experts provide personalized guidance to ensure you meet all criteria effectively, positioning you for a successful home purchase or refinancing. Let us assist you in navigating these requirements to secure your financial future through a Conventional Loan.