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.
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.
Frequently asked questions
When does a conventional loan beat FHA in Florida?
When you have higher credit and a chunk to put down, conventional often beats FHA on monthly payment because the mortgage insurance is lighter and falls off automatically at 78% LTV. We math both for you.
Can I use a conventional loan on a second home or investment property?
Yes. 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.
When does conventional mortgage insurance drop off?
Mortgage insurance falls off automatically once you hit 78% LTV. Or we refinance out earlier if it makes sense given current rates and your equity position.
Keep exploring
Want a real human to walk you through this?
I'll lay out your options in plain English. No pressure, no scripts.