Conventional Loans in Florida
Why Choose a Conventional Loan in Florida
About Conventional Loans in Florida
Conventional loans remain one of the most popular mortgage options for Florida homeowners. Backed by private lenders rather than the government, these loans offer flexible terms and a wide range of down payment options.
They’re ideal for borrowers with steady income and good credit who want straightforward financing without extra fees or restrictions. Whether you’re buying your first home, upgrading, or refinancing, a conventional loan gives you freedom to customize your mortgage to fit your long-term goals.
With Select Home Loans, you’ll enjoy personalized guidance and fast, reliable service—from pre-approval to closing.
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Why choose Select Home Loans?
- Diverse mortgage options: Conventional, FHA, VA, Reverse Mortgages, Jumbo, Non-QM Loans, HELOC, Second Mortgages, and DSCR Loans.
- Trusted reputation: A+ Rated and accredited by the Better Business Bureau.
- Customized service: Solutions crafted to meet your specific requirements.
- Established credibility: A reputation built on trust and experience.
The Florida Home Purchase Process
Buying a home in Florida is one of the largest financial decisions most people will make, and the process can move quickly once you find the right property. Working with a licensed mortgage broker who understands the Florida market—including coastal property considerations, condo financing, and HOA documentation—can help you navigate the deadlines in your real estate contract.
A no-obligation consultation is a helpful first step. We review your income, assets, credit, and goals, then work with our wholesale lending partners to obtain a pre-approval letter for eligible borrowers. From there, you can shop with a clearer understanding of your potential budget and prepare informed offers.
Once a contract is in place, we help you explore rate-lock options, coordinate the appraisal and title work, and communicate with your real estate agent to help keep everything on schedule. With streamlined document collection and electronic signing where available, we help move your purchase toward closing efficiently.
Frequently Asked Questions
What credit score do I need to buy a home in Florida?
You may have more options than you think. Credit requirements vary by loan program and lender, and can go as low as a 580 credit score. We’ll review your credit, income, and down payment together to help you understand available options—or steps that could help you prepare.
How much do I need for a down payment?
You don’t always need 20% down. Certain conventional programs offer down payments as low as 3%, and eligible FHA borrowers may qualify with 3.5% down. Other programs may offer no-down-payment options for qualifying buyers. We’ll help you explore what fits your situation and explain closing costs and any applicable mortgage insurance, too.
How long does it take to close on a Florida home?
Typically 15 business days. However, closing time depends on the loan program, underwriting requirements and receipt of required documents. Tell us your target closing date, and we’ll discuss how we can accommodate.
What is your maximum loan amount?
We offer jumbo financing options up to $5 million for eligible borrowers and properties through our lending partners. We’ll help you explore available programs and walk you through down payment, reserve, and documentation requirements. Maximum loan amounts depend on borrower qualifications, property eligibility, and lender guidelines.
Can I buy a home if I’m self-employed?
Yes—being self-employed doesn’t have to stand between you and your next home. Depending on your qualifications, options may include traditional financing or alternative-documentation programs, such as bank statement loans. We’ll help you explore available programs and explain the income documents and other lender requirements.