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What are the requirements for a conventional loan?

Conventional loan requirements vary by lender, but usually include a credit score threshold, down payment, income, and employment requirements, and a debt-to-income ratio not exceeding 43 or 45 percent. Can I get down payment assistance with a conventional loan?

What is the employment history requirement for a mortgage?

An important point about the employment history requirement for a mortgage is that military service and formal education such as college or vocation school are usually considered employment when you apply for a mortgage.

Do I need a work history to qualify for a mortgage?

Fortunately, work history isn’t essential for mortgage qualification. Remember, all your work information is a means to understanding if you have the financial resources to repay your loan. So, if you have other means of repaying the loan, you can include this information in your application.

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