Why Choose a Conventional Loan 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, competitive rates, 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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Buying a home in Florida is one of the largest financial decisions most people will make in their lifetime, and the process can move quickly once you find the right property. Working with a licensed Mortgage Broker who knows the Florida market — including specific considerations for coastal counties, condo financing, and HOA documentation — keeps you ahead of the timing pressure that real-estate contracts impose.
Most successful purchases start with a no-obligation pre-approval. We review your income, assets, credit, and goals, then issue a pre-approval letter that real estate agents and sellers take seriously. From there, you can shop for your home with confidence and submit competitive offers backed by a lender who can deliver.
Once a contract is in place, we lock your rate, order the appraisal and title work, and coordinate with the listing agent to keep everything on schedule. With in-house underwriting and e-signing, our typical Florida purchase closes in about 15 days from submitted documentation — significantly faster than the industry average.
Conventional loans typically start at a 620 score, FHA loans at 580 (and sometimes lower with compensating factors), and VA loans have no formal minimum. We have programs that help borrowers with scores in the 500s as well — call us and we'll find the best option for your profile.
It depends on the loan type. Conventional purchases can be done with as little as 3% down, FHA at 3.5%, USDA at 0%, and VA at 0% for eligible veterans. Florida-specific down-payment assistance programs are also available for many first-time buyers.
Our average is 15 days from a complete file. Faster is possible on well-documented files; appraisal availability in some Florida counties can extend that timeline.
Yes — including non-warrantable condos and high-rise coastal properties. Florida condo financing has specific requirements around reserves, master insurance, and project approval that we navigate every day.
Our initial quote is a soft inquiry with no credit impact. A formal pre-approval requires a hard pull, but we time it to your shopping window so you don't see multiple unnecessary inquiries.
