A conventional loan is a widely used mortgage option that is not backed by a government agency, offering flexible terms and competitive pricing. Loan limits are updated annually, and for 2026, the standard conforming limit for a single-family home is $806,500, with higher limits available in designated high-cost areas. This makes conventional financing a strong option for a wide range of home prices and borrower needs.
- Loan limits up to $806,500, with higher limits, up to $1.2 million, in high-cost areas
- Down payment options starting as low as 3% for qualified borrowers
- Fixed-rate and adjustable-rate loan options available
- Private mortgage insurance (PMI) required under 20% down, removable with sufficient equity
- Flexible guidelines for borrowers with strong credit and stable income
Contact your Ellason Loan Originator for more details!
