Florida Conventional Home Loans

Florida Conventional Home Mortgages can be used to purchase primary, secondary and investment properties. In this way conventional loans differ from other types of mortgage loans by allowing for different property uses.  Guaranteed by either Fannie Mae or Freddie Mac, conventional mortgages have different criteria and are ideal for borrowers who have higher credit scores.  Subsequently, conventional mortgage loans usually require less documentation than VA Home Loans, FHA Home Loans or USDA Home Loans which makes for easier qualifying.  Florida Conventional Mortgage Rates are typically lower as the credit requirements are higher for conventional loans.  

The factors considered when applying for Florida Conventional Home Loans are the borrower’s financial history, income, credit score and down payment compared to the sales price of the home.The last item considered on Conventional Home Loans are the loan limits based on the county where the property is located.  These are separated into conforming and high balance loan limits. For more information on a specific area please contact one of our licensed loan officers. Call today to speak to a licensed mortgage officer.