Conventional · Conforming

The default — done well.

Most home loans in Florida are conventional. Most pricing differences come from which wholesale lender you land at. We shop your conventional file across 40+ lenders so the rate you see is the best rate available to your file — not just the rate of whoever ran an ad you clicked.

3% down with HomeReady / Home Possible (first-time)
5% down standard conventional
10% / 15% / 20% for second home and investment
No MI at 20% down on primary
15, 20, 30 year fixed + 5/6, 7/6, 10/6 ARM
2-1 buydown available for lower year-1 / year-2 payment

Get my comparison (407) 201-4403

NMLS# 2718409Equal Housing Opportunity

Best fit when

When conventional is right.

Credit score 680+

Conventional pricing rewards credit. 740+ gets the lowest rates available in the market.

5% down or more saved

5% down conventional often beats 3.5% FHA on lifetime cost — even with PMI — because PMI drops at 80% LTV.

Second home / investment

FHA / VA / USDA don't allow these. Conventional does (10–25% down depending on use).

Strong, documented W-2 income

If your tax returns and pay stubs tell the right story, conventional usually wins on rate.

Rate-and-term refi from FHA

Get out of FHA's life-of-loan MIP into conventional with PMI that drops off. Common move at 80% LTV.

Program details

What the lenders actually require.

Credit score

620 minimum. 680 for solid pricing. 740+ for best.

Down payment

3% (first-time / HomeReady), 5% standard, 10–25% for non-primary.

DTI

Up to 50% with strong file. 45% is the typical auto-approval threshold.

Loan limit

$806,500 in most Central FL counties for 2026 (single family).

PMI

Required under 20% down on primary. Drops automatically at 78% LTV.

Property type

Primary, second home, investment. 1–4 unit, condo, PUD, manufactured.

Next step

Same file, different lender — different rate.

Conventional pricing varies by up to 0.5% across lenders for an identical file. Send yours. We send you the spread inside 24 hours.

Get my comparison (407) 201-4403

No credit pull · No application fee · Equal Housing Opportunity