In 2015 the Conventional 97 loan was offered to home buyers providing 97% Loan-to-Value ( LTV ratio) financing. Get Pre-Approved for a Home Loan Loosened Underwritingįannie and Freddie have loosened their underwriting requirements over the past few years making it easier to qualify for a conventional mortgage than in previous years. However, Fannie Mae and Freddie Mac have reduced some of their borrower requirements making it easier to qualify for a mortgage than ever.

Many home buyers often prefer Government home loans such as FHA loans because of their low down payment and credit requirements.

Getting a conventional mortgage used to mean that you needed flawless credit, 20% down, and great income.