Are you a first-time home buyer exploring the 2026 housing market? Understanding the updated conventional loan requirements is essential for navigating the mortgage landscape effectively. This episode offers a thorough breakdown of the 2026 conventional loan requirements to ensure you're mortgage-ready.

What is a Conventional Loan?
A conventional loan is a mortgage not insured or guaranteed by the government. It is backed by private lenders, with the borrower typically responsible for insurance. These loans are more common than government-backed options.

Loan Limits for Standard and High Balance Conforming:
1-Unit: $832,750 / $1,249,125
2-Units: $1,066,250 / $1,599,375
3-Units: $1,288,800 / $1,933,200
4-Units: $1,601,750 / $2,402,625
Check the loan limits in your area: Loan Limit Lookup

Key 2026 Conventional Loan Requirements:
✅ No credit score required for FICO®
✅ 3% minimal down payment
✅ Mortgage Insurance Premium required for less than 20% down
✅ Debt-to-Income Ratio below 45%
✅ Eligibility for primary residences, second homes, or investment properties
✅ Steady income and proof of employment needed
✅ Assets may be required at closing

For further guidance, connect with Jeb Smith, a Huntington Beach Realtor in Orange County, to assist you through your home buying journey.