Florida Conventional
Conventional Florida loans, with options for every down payment.
The bread and butter of mortgage lending. Lowest cost path for a lot of buyers, and the most flexibility on property type.
All loans subject to credit and underwriting approval. Not all applicants will qualify. Rates, terms, and program availability are subject to change without notice. This page is for general education and is not an offer to lend or a commitment to make a loan. Travis Penny, NMLS ID #1649161, is a mortgage loan originator with Vision Mortgage, LLC, NMLS #1286953. Equal Housing Opportunity.
Is a conventional loan the right choice in Florida?
For many Florida buyers, yes. Conventional loans are not government backed, which gives them flexibility on property types and lets you remove mortgage insurance once you reach enough equity, unlike FHA. They work well for move up buyers, second homes, and anyone with solid credit and a reasonable down payment. Down payment options start lower than people expect, and I match the structure to your goals. In Florida, conventional financing also navigates condo and HOA requirements more smoothly in many cases. As a broker I compare conventional against FHA, VA, and jumbo so you land on the lowest long term cost, not just the easiest approval. Tell me your price range and I will show you where conventional fits.
3% to 20%+ down
Multiple down payment tiers. We pick what's actually best for your file.
Primary, second home, investment
Conventional handles all three (with different rates and rules).
MI you can drop
Mortgage insurance falls off automatically once you hit 78% LTV. Or we refi out earlier if it makes sense.
When conventional beats FHA
Higher credit and a chunk to put down? Conventional often beats FHA on monthly payment because the mortgage insurance is lighter and falls off. We'll math both for you.
Second home and investment rules
Conventional second home and investment loans have their own down payment minimums and pricing adjustments. Florida investment property is its own market and I close it constantly.
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I'll lay out your options in plain English. No pressure, no scripts.