Conventional Loans in Florida

A conventional loan is a mortgage that is not insured by a government agency. It is the most common loan type for borrowers with solid credit, and down payments start as low as 3% for qualifying first-time buyers.

With 20% down, conventional borrowers avoid private mortgage insurance entirely — and when PMI is required, it automatically ends once sufficient equity is reached.

Benefits of a conventional loan

• Down payments from 3% for qualifying borrowers
• PMI can be removed once you reach 20% equity
• Available for primary homes, second homes, and investment properties
• Flexible terms — 15, 20, and 30-year fixed or adjustable options

What to consider

• Credit and debt-to-income standards are stricter than FHA
• Loan amounts above conforming limits require a jumbo loan

Ready to explore conventional loans? Jeffrey Sellers can walk you through eligibility, compare options, and get you pre-approved in Florida.

Jeffrey Sellers, Mortgage Loan Originator at NEXA Lending LLC.. NMLS #2100073. Call (573) 450-3692.