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Conventional loans in Florida

Quick answer

Conventional loans in Florida allow as little as 3% down (about $9,750 on a $325,000 home) with a 620+ credit score, up to the $832,750 baseline conforming limit.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

Conventional loan snapshot for Florida

ItemEstimate
Minimum down payment3%
Minimum credit score620
Typical FL home value$325,000
3.5% down on typical home$11,375
20% down on typical home$65,000
Avg. effective property tax0.79%/yr (~$213/mo)
Income for typical home (31% rule)$101,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which Florida programs pair with Conventional loans?

  • Florida Assist: A 0% deferred second mortgage for down payment and closing costs, repaid when you sell, refinance or pay off the first loan.
  • HFA Preferred/Advantage PLUS: A first mortgage paired with a forgivable second mortgage based on a percentage of the loan.
  • Hometown Heroes: When funded, assistance for eligible full-time workers in Florida-based occupations.

Details and current limits: Florida Housing Finance Corporation.

How does a conventional loan work?

Conventional loans are made by private lenders and usually sold to Fannie Mae or Freddie Mac. Because they follow those agencies' guidelines, they're called conforming loans. You can choose a fixed rate (15, 20 or 30 years) or an adjustable rate.

Your rate and mortgage insurance cost depend heavily on your credit score and down payment, so improving either before you apply can noticeably lower your payment.

Who qualifies for a conventional loan?

  • Credit score: generally 620 minimum.
  • Debt-to-income (DTI): up to 45%, and sometimes 50% with strong compensating factors.
  • Down payment: 3% (HomeReady, Home Possible, 97% LTV programs) to 5%+.
  • Steady, documented income — usually two years of history.
  • Property: primary homes, second homes and investment properties are all allowed (with higher down payments for non-primary homes).

Conventional loans in Florida cities

Conventional in JacksonvilleConventional in MiamiConventional in TampaConventional in OrlandoConventional in St. PetersburgConventional in HialeahConventional in Port St. LucieConventional in Cape CoralConventional in TallahasseeConventional in Fort LauderdaleConventional in Pembroke PinesConventional in HollywoodConventional in GainesvilleConventional in MiramarConventional in Coral SpringsConventional in Lehigh AcresConventional in Palm BayConventional in West Palm BeachConventional in Spring HillConventional in ClearwaterConventional in LakelandConventional in BrandonConventional in Pompano BeachConventional in Miami GardensConventional in RiverviewConventional in DavieConventional in Boca RatonConventional in SunriseConventional in DeltonaConventional in Palm CoastConventional in PlantationConventional in Fort MyersConventional in AlafayaConventional in Deerfield BeachConventional in Town 'n' CountryConventional in MelbourneConventional in LargoConventional in Pine HillsConventional in The VillagesConventional in Miami BeachConventional in HomesteadConventional in Boynton BeachConventional in North PortConventional in KissimmeeConventional in KendallConventional in DoralConventional in Daytona BeachConventional in LauderhillConventional in Wesley ChapelConventional in TamaracConventional in PoincianaConventional in WestonConventional in Delray BeachConventional in Port CharlotteConventional in OcalaConventional in Port OrangeConventional in SanfordConventional in Horizon WestConventional in St. CloudConventional in Wellington

Frequently asked questions

Yes. Conventional loans are available statewide in Florida through approved lenders, subject to county loan limits where they apply.

Often yes. Florida Housing Finance Corporation and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve Florida.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.