What are the minimum requirements to qualify for a mortgage?

While the minimum requirements to qualify for a mortgage vary from lender to lender, the common conditions include proof of a steady income and a credit score of 600 and above.

There are exceptions to these requirements, however, if you are self-employed or have a credit score below 600. You should, therefore, ask lenders about their requirements and obtain more information on how to increase your chances of qualifying for a mortgage.

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