Conventional Mortgage in Florida


Shopping for a Florida mortgage can be a very confusing thing. Other than having to choose the best realtor, you also need to decide whether a conventional loan is better than government-backed loans. With the current Florida real estate market, that might well be the case.

Unfortunately, many homebuyers stand to miss out on the numerous perks that come with conventional loans because they don’t have the relevant information and their realtor is not well-informed about the current real estate trends. The good news is that you are here. We at Moreira Mortgage Team are dedicated to ensuring you get the best of what Florida has to offer in conventional mortgage loans. Contact us today, and we will tell you whether it is the right time to get a conventional mortgage.

Here’s what you need to know. Any mortgage loan that is not insured by the government falls under conventional loans. So that excludes FHA, VA and USDA loans. As is the case with all other states, conventional loans in Florida are regulated by Fannie Mae and Freddie Mac. But the absence of direct government influence means that lenders can customize the mortgage loan. They set their own terms and conditions, including lowering interest rates (which could be lower than interest rates charged on government-insured loans).

That makes them very competitive in the already thriving Florida real estate market. And it does explain why up to 50% of Florida homebuyers prefer conventional mortgages.

In short, taking out a conventional mortgage to finance your Florida home purchase could be the most feasible option. Contact us today, and our team will help you get a tailored conventional mortgage. We have the best conventional mortgage in Florida.


Georgia County Mortgage Service Areas