The current % down that is required for Conv. Financing.....

[Michael Dunn]

and is the required % down that's required, based on credit score and DTI ? My reason for asking is, I have been hearing and reading that you can get a Conventional loan for 5% down. Well that sure beats having to come up with 20% down, especially for someone like me, who is just getting into the business, with not alot of extra cash on hand. I'm assuming for a bank/lender to let you get a conventional loan, that 1. your credit score probably has to be in the mid to upper 700 ? 2. that your DTI has to be way Low ( 10% or less ) ? Thanks for the help , I'd love to be able to go Conventional with just having to put 5% down, mainly to avoid PMI . Thanks again - Michael