2026 Conventional Loan Limits: Navigating Your Home Buying

Every year, prospective homebuyers and real estate professionals need to stay updated with the latest changes in the housing market. One significant annual update that deserves attention is the revised conforming loan limits set by the Federal Housing Finance Agency (FHFA). These changes can significantly influence your home buying journey, especially if you're considering a conventional loan.

What are Conforming Loan Limits? Also known as Conventional Loan Limits

Conforming loan limits refer to the maximum amount that you can borrow for a conventional loan. These limits are set by the FHFA and are adjusted yearly to reflect changes in the average U.S. home price. For 2026, they went up just over 3%, which matches the national home price increase. When you plan to borrow more than the set limit, you typically need to opt for a Jumbo loan, which often comes with different rates and terms.

2026 Conventional Loan Limit: $832,750

For 2026, the conventional loan limit now stands at $832,750 for a single-unit home, up from $806,500 in 2025. This change gives homebuyers more borrowing power under conventional loan structures. However, it's essential to understand that crossing this limit would mean considering a Jumbo loan, which could alter the dynamics of your mortgage plan.

Bigger Loans for Multifamily Homes

If you're eyeing a multifamily home, such as a duplex, triplex, or fourplex, the good news is that you can qualify for a larger loan than the $832,750 limit. This flexibility is vital for those looking to invest in properties that offer rental income or accommodate more extensive family setups. And if you plan to live in one of the units, low down payment options exist too. See our article on buying multifamily housing with a low down payment.

High Balance Areas (varies by County)

In regions classified as high balance areas, where real estate prices significantly surpass the median home prices (example: California has a lot of high balance areas), the loan limits are adjusted higher. This ensures that borrowers in these more expensive markets can still access conforming and conventional loans, which typically (but not always) offer more favorable terms than Jumbo loans. No Arizona county is a high balance area, so the standard limits below apply statewide.

Comparing Conventional vs Jumbo Loans

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Loan Limits in Arizona

For our readers in Arizona, where we're headquartered, we've compiled the latest 2026 loan limits in each county. Please refer to the below list.

Arizona County Conventional Loan Limits

• APACHE COUNTY (NON-METRO): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750
• COCHISE COUNTY (SIERRA VISTA-DOUGLAS, AZ): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750
• COCONINO COUNTY (FLAGSTAFF, AZ): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750
• GILA COUNTY (PAYSON, AZ): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750
• GRAHAM COUNTY (SAFFORD, AZ): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750
• GREENLEE COUNTY (NON-METRO): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750
• LA PAZ COUNTY (NON-METRO): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750
• MARICOPA COUNTY (PHOENIX-MESA-CHANDLER, AZ): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750
• MOHAVE COUNTY (LAKE HAVASU CITY-KINGMAN, AZ): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750
• NAVAJO COUNTY (SHOW LOW, AZ): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750
• PIMA COUNTY (TUCSON, AZ): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750
• PINAL COUNTY (PHOENIX-MESA-CHANDLER, AZ): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750
• SANTA CRUZ COUNTY (NOGALES, AZ): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750
• YAVAPAI COUNTY (PRESCOTT VALLEY-PRESCOTT, AZ): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750
• YUMA COUNTY (YUMA, AZ): One unit: $832,750, Two units: $1,066,250, Three units: $1,288,800, Four units: $1,601,750