Conventional Loans

• A credit score of at least 620 (higher scores qualify for better interest rates)

• A down payment ranging from 3-20% of the purchase price

• Debt-to-income ratio of 43% or less

• Stable employment history of at least two years

• Verifiable income through W-2s, tax returns, and pay stubs

Loan Limits

For 2025, the conventional loan limit in Santa Clarita (Los Angeles County) is $806,500 and the high balance limit is $1,209,750 for a single-family home. This means you can borrow up to this amount through a conventional loan to purchase your home in the Santa Clarita Valley.

Employment and Income Requirements Lenders will verify your ability to repay the loan by reviewing:

• Your employment history (typically looking for 2+ years of stable employment)

• Regular, verifiable income

• W-2s and recent pay stubs

• Tax returns (especially important for self-employed borrowers)

Eligible Properties

Conventional loans can be used to purchase:

• Single-family homes

• Condominiums

• Multi-unit properties (up to 4 units)

• Primary residences, second homes, or investment properties

Whether you’re looking to buy in Valencia, Stevenson Ranch, Newhall, or anywhere else in the Santa Clarita Valley, a conventional loan might be the right choice for your home purchase. The key is having strong credit, stable employment, and the required down payment to qualify.

[Note: This content provides a clear overview of conventional loans while staying specific to the Santa Clarita market, avoiding comparisons with other loan types, and maintaining a focus on essential information for potential borrowers.]