Arizona Mortgage Guide 2026 · Todd Uzzell NMLS #1525192Conventional Loan Requirements
Conventional Loan Requirements
Arizona 2026
Everything Arizona buyers and homeowners need to know — with current 2026 numbers and expert guidance from a licensed Arizona mortgage lender with 20+ years of experience.
At a Glance
| Factor | Value | Details |
|---|---|---|
| Credit Score | 620 minimum | 680+ for best rates; 740+ for lowest PMI |
| Down Payment | 3% (first-time buyer) | 5% standard; 20% eliminates PMI |
| DTI Ratio | Up to 45% | Up to 50% with compensating factors |
| Loan Limit (AZ 2026) | Up to $832,750 | Above this = jumbo loan |
| PMI | Required under 20% down | Cancels at 80% LTV automatically |
| Employment History | 2 years stable | Job changes OK if in same field |
| Property Types | Primary, 2nd, Investment | Higher down for non-primary |
Frequently Asked Questions
What credit score do I need for a conventional loan in Arizona?
620 is the minimum credit score for conventional loan approval. However, 680+ unlocks significantly better PMI rates, and 740+ qualifies for the best available pricing on both rate and PMI. Every 20-point increase above 620 typically saves $20-50/month on a $400,000 loan.
What is the conventional loan limit in Arizona for 2026?
The 2026 conforming loan limit in Arizona is $832,750 for a single-family home — applicable statewide. Above this amount requires a jumbo loan.
How much down payment do I need for a conventional loan in Arizona?
First-time buyers can use Fannie Mae HomeReady or Freddie Mac Home Possible with 3% down. Standard conventional requires 5% down. 20% down eliminates PMI entirely.
Todd Uzzell
Licensed Arizona Mortgage Lender · NMLS #1525192
Starboard Financial NMLS #156931, BK-0910725. 4145 E Baseline Rd, Gilbert AZ 85234. 480-330-1724.
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