The payment is more than principal and interest
Your total monthly payment includes more than principal and interest.
Flexible everyday financing
Conventional Loans in Florida
Conventional financing can be a strong fit for borrowers who want flexible terms across primary homes, second homes and qualifying investment properties. The best structure depends on far more than the advertised rate—down payment, mortgage insurance, reserves, occupancy and the property itself all matter.
✓Primary, second-home and investment-property options✓Fixed- and adjustable-rate structures may be available✓Mortgage insurance options for qualifying loans above 80% loan-to-value✓Multiple wholesale lenders can be compared
Who may benefit
Start with fit—not a loan label.
The strongest option depends on the complete financial profile, desired payment, property and plans for the future.
✓
Buyers with established credit and documentable income
✓
Move-up buyers using proceeds from another property
✓
Borrowers purchasing a second home
✓
Qualified real estate investors
Plan with the full picture
Important considerations
RFG compares eligible paths and explains the tradeoffs so the decision is based on more than a headline feature.
Property type and condition affect eligibility
Condominium, insurance and property-condition requirements can affect eligibility.
A smaller down payment shifts cost, not risk
A smaller down payment may preserve cash but can change mortgage insurance and pricing.
Final terms depend on underwriting
Final terms depend on verified qualifications, property review and underwriting.
How RFG guides the process
From question to closing.
A disciplined process creates room for better decisions and fewer preventable surprises.
- 01
Review income, assets, credit and goals
- 02
Compare down-payment and mortgage-insurance structures
- 03
Complete a documented preapproval
- 04
Update the scenario for the selected property
- 05
Move through appraisal, underwriting and closing
Straight answers
Frequently asked questions
Every mortgage is specific to the borrower, property and current program requirements. These answers are educational starting points.
Is 20% down required for a conventional loan?+
No. Eligible borrowers may have conventional options with less than 20% down. The appropriate structure depends on qualifications, occupancy, property type and current program requirements.
Can conventional financing be used for an investment property?+
Yes, qualifying conventional programs can finance investment properties. Down payment, reserve and underwriting requirements are generally different from a primary residence.
When can private mortgage insurance be removed?+
Removal rules depend on the loan, payment history, loan-to-value and applicable law or investor requirements. Your servicer can explain the requirements for your specific mortgage.
Authoritative referencesConsumer Financial Protection Bureau mortgage resources ↗RFG links to primary sources for education. Program details must be confirmed for your transaction.
Mortgage information reviewed by Bart Rice, Founder & Managing Broker · NMLS #283336
Last reviewed August 5, 2026. This page provides general education. Loan programs, pricing, documentation and eligibility can change and must be confirmed for the borrower, property and transaction.