Would-be home buyers have lots of choices to make when it comes to shopping for a mortgage.br Many people go with government-backed mortgages, such as those offered by the FHA, the VA, or the US Department of Agriculture.br But according to Business Insider, another option is to get a 'conforming loan.' The loan isn't issued by the government, but still meets government requirements.br For a conforming loan, most lenders require at least a 620 credit score and between a 36 and 50 debt-to-income ratio.br You'll also need a 10 down payment, or just 3 if your conforming loan is backed by government-sponsored mortgage companies Freddie Mac or Fannie Mae.br Nonconforming loans offer more money than conforming loans. Also known as 'jumbo' loans, such loans let you buy a more expensive home.br However, getting approved is more difficult. You'll need a higher credit score, lower DTI, and bigger down payment than you would for a conforming mortgage.