 TITLE: What Is a Conforming Loan? CONTENT: How to Apply for a Conforming Loan\n----------------------------------\nAn array of lenders offer conforming loans. In fact, more lenders provide conforming loans than non-conforming loans.\nAs you prepare to apply for a conforming loan, keep in mind that lenders typically will look for a:\n*   Credit score of at least 620\n*   Debt-to-income ratio below 50%\n*   Maximum loan-to-value ratio of 97%, translating into a down payment of at least 3%\nTo best position yourself for loan approval, check your free credit report and free FICO® Score from Experian to see where your credit stands. It's also important to stop applying for new credit, hold off on big purchases, reduce your credit card debt and make sure you pay every bill on time. All of these steps may help improve your credit score and also your odds for obtaining a conforming loan. END