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(702) 696-9900Check Rate
QUICK ANSWER — Conventional loan requirements: 620+ credit score, 5-20% down payment, max 50% DTI, 2 years employment. No PMI with 20% down. Conforming limit $766,550 in most areas. Valley West Mortgage. NMLS #65506.
Reviewed by Vatche Saatdjian·NMLS #65506

Conventional Loan Requirements

620+ credit. 5-20% down. No PMI at 20%. No loan limit restrictions. See if you qualify in 60 seconds.

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790+
Reviews
No PMI
At 20% Down
50+
Lenders
28
Days Avg
Keys to new home
REQUIREMENTS

Conventional Requirements

620+
Credit Score

Minimum 620. Best rates at 740+. Much better terms than FHA for borrowers above 720.

5-20%
Down Payment

5% minimum (3% for first-time buyers). Put 20% down and pay zero PMI forever.

$766,550
Conforming Limit

Standard conforming limit. High-cost areas up to $1,149,825. Jumbo above these limits.

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WHY US
The Valley West Difference
50+
Lenders competing for your loan.
$0
Application + processing fees.
28
Average days to close.
4.9★
790+ five-star reviews.
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REVIEWS

What Homebuyers Say

★★★★★

"Put 20% down, no PMI. Valley West got me 0.25% lower than my bank offered. Saved $180/month."

— Conventional buyer, Las Vegas
★★★★★

"Shopped 50+ lenders. Zero fees. Closed in 25 days on my investment property."

— Conventional buyer, Henderson
★★★★★

"Refinanced from FHA to conventional. Dropped MIP, rate went down. Saving $350/month."

— Refinance buyer, Summerlin

Conventional Resources

→ Requirements → Rates Today → Calculator → Credit Score Guide → Down Payment → Conv vs FHA → First-Time Buyer → Pre-Approval → Closing Costs → Compare All Loans
FAQ

Questions? Answered.

620 minimum. Best rates at 740+. At 720+ with 10%+ down, conventional often beats FHA.

5% minimum standard, 3% for first-time buyers. 20% eliminates PMI entirely — saving $200-$400/month.

Yes if you put less than 20% down. But unlike FHA, conventional PMI drops automatically at 20% equity. You can also request removal at 80% LTV.

For 720+ credit with 10%+ down, yes. No permanent mortgage insurance, higher loan limits, and fewer property restrictions.

$766,550 for most areas in 2026. High-cost areas like San Diego go up to $1,149,825. Jumbo loans above these amounts.

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Also: VA Loans → · FHA Loans →

conventional rates from 5.750%
(702) 696-9900Check Conventional Rate