Florida Conventional Loan: Real Math First, Always
A Florida Conventional Loan starts with real math: 3% down for qualified buyers, conforming limits applied to your file, PMI structure modeled honestly. We tell you the real numbers before recommending anything.
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The Conventional Case for Florida Homebuyers
Low Down Payment Path in Florida
Conventional allows 3% down for qualified buyers. We confirm whether your file qualifies, or whether 5-10% is more realistic.
Why Conventional Rates Often Win in Florida
Conventional often beats FHA after factoring mortgage insurance over the loan life. We run all programs against your file before recommending - never default to conventional.
PMI Math for Florida Conventional Buyers
Conventional PMI applies under 20% down but has a real expiration. Auto-cancels at 78% of original LTV. Borrower request at 80% on current value.
Our Rates For You
CONV 30 Year Purchase
Rates and APR shown are based on a $350,000 loan amount, 850 credit score, primary residence, single family home, 75% loan to value ratio, and owner occupied property. Payment example assumes no other liens on the property and includes principal and interest only. Taxes, insurance, mortgage insurance, and escrow items are not included and will increase the actual payment. Rates, APR, and points are subject to change without notice and may vary based on credit profile, property type, occupancy, loan to value, loan amount, and other qualifying factors. Not all borrowers will qualify.
From First Call to Florida Closing in 4 Steps
The Florida Conventional Loan Advantages
Conforming Coverage for Florida Buyers
FHFA sets the conforming ceiling annually. The limits cover most current purchases. We tell you upfront whether your target falls within standard conforming or stretches into high-balance or jumbo territory.
Fixed or ARM on Your Florida File
Term choices on conventional include 30-year fixed, 15-year fixed, and 5/6, 7/6, 10/6 ARMs. Long-term hold favors fixed. Move within seven years often favors ARM. We model both options against your timeline before recommending.
Three Property Types Welcome in Florida
Primary, second home, and investment property all qualify under conventional. Different rules apply per type. Primary: 3% for qualified buyers. Second homes: 10% minimum. Investments: 15-25% with rate adjustments built in.
$810M
18 Years
27500+
Conventional vs Other Loans
Conventional
FHA
VA
USDA
For homes beyond standard loan limits.
High value homes should not mean high stress financing. A conventional loan with jumbo options offers competitive rates, simple terms, and a clear path to purchase without compromise.
What could you afford with a conventional loan
Before you fall for a listing, see how the math feels. Use the calculator to test price, down payment, and taxes for your county. You will know what is comfortable before you schedule tours.
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Private lenders fund a Florida Conventional Loan under Fannie Mae or Freddie Mac guidelines. Credit, down payment, and DTI shape the rate. Most Florida buyers default to the 30-year fixed structure.
3% is the minimum through HomeReady or Home Possible for qualified buyers. Standard conventional starts at 5%. 20% down eliminates PMI. We model 3%, 5%, 10%, and 20% on your file - decision rests on real numbers.
620 is the standard conventional credit minimum. Some lenders overlay to 640 or 660. Below 620, FHA often fits better. We pull credit on day one and explain which programs work for your score.
PMI auto-cancels at 78% of original LTV with on-time payments. Earlier cancellation at 80% current LTV via borrower-paid appraisal. Once gone, PMI never returns - unlike FHA MIP which persists for the loan life.
Fixed rate locks for the loan's full life. ARM starts lower then adjusts after the initial period. Fixed wins long-term holds. ARM wins shorter horizons where you sell or refi before adjustment.
FHFA set the 2026 conforming limit at $806,500 for single-family in most counties. Above the cap, loans become jumbo - different underwriting, different pricing. We confirm your loan size against the limit before quoting.
Yes - conventional covers primary, second home, and investment. Primary: 3% for qualified buyers. Second home: 10% minimum. Investment: 15-25% with rate adjustments. We map your scenario to the right structure first.
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Advertised offers are not guaranteed if you do not continue to meet Oxford Home Lending's criteria and other factors bearing on your creditworthiness. Rates will vary depending on your loan term, loan type, credit profile & score, down payment, qualifying ratios, and property collateral. Monthly payments do not include property taxes, property insurance, and homeowners' association dues. Since costs can vary based on a loan program, closing costs are not shown in the examples. To qualify for a mortgage, borrowers must be U.S. citizens or permanent residents, and meet Oxford Home Lending's underwriting and Investor requirements. Interest rate examples are as of 03/03/2026 and subject to change without notice. All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Rate subject to change depending on time of lock.
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Lower, LLC | NMLS ID# 1124061 | 5950 Symphony Woods Road Suite 312 Columbia, MD 21044 | Equal Housing Opportunity | https://nmlsconsumeraccess.org/ | Not an offer of credit or commitment to make a loan; all approvals are subject to underwriting guidelines including but not limited to acceptable current credit worthiness, income history, debt ratio, etc. Loan programs & options are subject to change at any time. Rates will vary depending on your loan term, loan type, credit profile, down payment, and qualifying ratios. Rates can change daily. Some restrictions may apply. No statement herein should be construed as being made on behalf of any state or federal agency.
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