The Cons Of A Conventional Loan
- You’ll have to pay PMI if your down payment is less than 20% of the loan amount.
- The loan qualifications are stricter, requiring a minimum credit score of 620 and lower DTI ratio.
Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)