This document provides guidelines for qualifying borrowers for FHA and conventional loans based on their FICO score and debt-to-income ratio. It outlines the basic requirements for FHA loans between 620-639, 640-659, and 660+ FICO scores, as well as conventional loans between 640-659 and 660+ FICO scores. It also provides alternative qualification options for borrowers who exceed the standard debt-to-income requirements, such as having two years of employment history or two months of reserves.