'The View' -- Host Wishlist ... A Conservative and a Latina

Producers on "The View" have targeted two types of hosts they are looking to fill their empty positions ... and let's just say if you speak a little Spanish ... you could be in luck.

Sources involved in the search tell TMZ ... View honchos are on the hunt for a Latina -- which would be a first for the show. Lauren Sanchez almost got the gig back in the day when Debbie Matenopoulos got fired, but Lisa Ling snagged the gig.

We're also told the show is going old school by looking for "a conservative female with a strong, smart point of view." Our sources say they have their eyes on Margaret Hoover and Abby Huntsman, who is guest hosting on Tuesday.