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QUICK ANSWER — conventional loan requirements for 2026: minimum 620 credit score for 5-20% down (500-579 with 10% down), maximum 43% DTI (up to 57% with compensating factors), 2 years employment history, and the property must be your primary residence. Clark County conventional limit is $532,900. Valley West Mortgage offers conventional with zero application fees.
Reviewed by Vatche Saatdjian·Valley West Mortgage·NMLS #65506·790+ five-star reviews

Conventional Loan Requirements

620+ credit. 5-20% down. Clark County limit $532,900. See if you qualify in 60 seconds — zero application fees.

Check What You Qualify For → (702) 696-9900
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REQUIREMENTS

Conventional Loan Requirements at a Glance

580+
Credit Score

5-20% down with 580+. 10% down for 500-579. conventional is far more flexible than conventional loans.

3.5%
Minimum Down

Just $18,652 on a $532,900 home. Gift funds allowed from family, employer, or down payment assistance programs.

$532,900
Clark County Limit

2026 conventional loan limit for Las Vegas, Henderson, and all of Clark County. Covers most homes in the metro.

CHECKLIST

Full Requirements Checklist

Credit Score: 580+ for 5-20% down

500-579 allowed with 10% down. No minimum for credit counseling graduates.

Debt-to-Income Ratio: 43% standard

Can go up to 57% with strong compensating factors like savings or long employment.

Employment: 2 years of steady income

Same employer not required. Gaps under 6 months are generally OK with explanation.

Property: Must be primary residence

Conventional appraisal required. 1-4 unit properties eligible. Condos must be approved.

Mortgage Insurance: 1.75% upfront + 0.55% annual

PMI can be financed into loan. Annual PMI required for the life of the loan.

Bankruptcy/Foreclosure: 2-3 year waiting period

Chapter 7: 2 years. Chapter 13: 1 year with court approval. Foreclosure: 3 years.

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FAQ

Questions? Answered.

You need a 620+ credit score for the standard 5-20% down payment. Borrowers with 500-579 can qualify with 10% down. conventional has the most flexible credit requirements of any government-backed loan program.

Conventional requires a minimum 5-20% down payment with a 620+ credit score. On a $400,000 home, that is $14,000. 100% of the down payment can come from gift funds, employer assistance, or down payment assistance programs.

The 2026 conventional loan limit for Clark County (Las Vegas, Henderson, North Las Vegas) is $532,900 for a single-family home. This covers the majority of homes in the Las Vegas metro area.

Yes. conventional charges an upfront mortgage insurance premium (PMI) of 1.75% of the loan amount plus an annual PMI of 0.55% for most borrowers. The PMI can be financed into the loan. Annual PMI is required for the life of the loan.

Yes. conventional allows borrowers to qualify 2 years after a Chapter 7 discharge, 1 year into a Chapter 13 repayment plan with court approval, and 3 years after a foreclosure. Valley West Mortgage specializes in post-bankruptcy conventional loans.

Most conventional pre-approvals are issued within 24 hours. Full loan approval and closing typically takes 30-45 days. Valley West Mortgage averages 28 days from application to closing.

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WHY US
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REVIEWS

What Homebuyers Say

★★★★★

"Put 20% down, no PMI. Valley West got me 0.25% lower than my bank."

— Las Vegas
★★★★★

"Shopped 50+ lenders. Zero fees. Closed in 25 days."

— Henderson
★★★★★

"Refinanced from FHA to conventional. Saving $350/month."

— North Las Vegas

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(702) 696-9900Check Conventional Rate