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Conventional Loans · Florida
Conventional Loans in Florida — Flexible Options for Qualified Buyers
Conventional loans are home loans not insured or guaranteed by a federal program. For qualified Florida buyers with strong credit and stable income, conventional financing often provides the most flexibility.
Conventional Loans in Plain English
Privately Funded, Agency-Backed
A conventional loan is a mortgage that is not insured by the FHA or guaranteed by the VA or USDA. Most conventional loans conform to underwriting standards set by Fannie Mae and Freddie Mac — the two government-sponsored enterprises that provide liquidity to the U.S. mortgage market.
Conventional loans set their own underwriting standards (within agency guidelines), which means lenders have some flexibility in how they evaluate borrowers — and qualified buyers often see strong terms.
Conforming vs. Jumbo
Two Categories of Conventional Loan
Conforming Loans
Loans that fall within the maximum size limits set annually by Fannie Mae and Freddie Mac. The limits depend on the county and update each year. Most Florida home purchases fall within conforming limits.
Jumbo Loans
Loans above the conforming limit. Jumbo loans have their own underwriting standards and typically require stronger credit and reserves. We walk you through what applies if your purchase falls into jumbo territory.
When Conventional Makes Sense
Conventional vs. FHA — A Quick Comparison
Conventional and FHA loans solve overlapping but different problems. The right answer depends on your credit, down payment, and goals. A few general considerations:
- Stronger credit borrowers often see better terms with conventional than FHA.
- Lower down payment options exist on both. We will help you compare program-by-program for your situation.
- Mortgage insurance rules differ. Conventional PMI typically drops off at a certain equity threshold; FHA insurance often does not. This is worth understanding before you choose a program.
- Property condition standards are usually more relaxed on conventional than on FHA.
Why Homesite Mortgage
Family-Owned, Florida-Only, + Years In
- + years originating conventional loans in Florida.
- Licensed statewide. Homesite Mortgage originates loans in Florida only.
- Every prequal is reviewed personally — we run the math honestly.
- Processing and closing handled by our team — same team, start to finish.
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See What a Conventional Loan Would Look Like for You
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