Florida Conventional Loans for Purchase or Refinance
Conventional Financing That Fits Your Next Chapter
Whether you’re buying your first home, making your next move, or refinancing, conventional financing gives you options to explore. These loans follow lending standards established by Fannie Mae or Freddie Mac and offer a range of loan terms and down payment choices.
Financing may be available for eligible primary homes, second homes, and investment properties. For homeowners considering a refinance, options may include changing your interest rate or loan term, or accessing available equity through a cash out refinance.
At Select Home Loans, we help you compare available programs through our lending partners. We’ll take time to understand your goals and explain the payments, closing costs, and any applicable mortgage insurance so you can decide what fits your needs.
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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.
Your Conventional Loan Process in Florida
We start with a free consultation to learn about your plans and review your income, assets, and credit. Together, we’ll explore available financing based on your property and down payment or existing equity.
If you’re purchasing, we help you understand your potential budget and work toward preapproval so you can prepare an informed offer. Preapproval remains subject to final underwriting and property review. If you’re refinancing, we compare your current mortgage with available options and help you weigh the costs and potential benefits, including how a new loan could affect your total interest over time.
Once you’re ready to proceed, we help you review options for locking your rate, guide you through documentation, and coordinate required appraisal and title work. From application through closing, we keep you informed and make time for your questions, so you always know what comes next.
Frequently Asked Questions
Is a conventional loan only for borrowers with perfect credit
No. You don’t need perfect credit to explore conventional financing. Your credit history, income, debts, and down payment or equity all matter. We’ll look at the full picture and help you understand your options.
Should I choose a conventional loan or an FHA loan
That depends on your situation. One may offer a better fit based on your credit and plans for the home. We’ll compare payments, mortgage insurance, and closing costs side by side so you can see the differences clearly.
Can I qualify after a bankruptcy or foreclosure
You may be able to. Conventional financing has waiting periods that depend on the type of bankruptcy or housing event, along with your circumstances and credit recovery.
If conventional financing isn’t available yet, we can also explore FHA or other mortgage programs that may allow a shorter timeline. We’ll help you understand the differences in rates, costs, and requirements.
Can I get a conventional mortgage if I’m self employed
Absolutely. Working for yourself doesn’t mean you need a special loan program. Many business owners qualify for conventional financing using tax returns and supporting income documents. We’ll help you understand how your income is reviewed and what you’ll need for a purchase or refinance. If another approach makes more sense, we can also explore bank statement mortgage options.
Can I get cash back when I refinance
Yes. A cash out refinance may let you access some of your home’s equity by replacing your current mortgage with a larger loan. We’ll help you understand how much may be available and how the new balance, payment, and costs compare with your current mortgage.