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Conventional loans are mortgage loans offered by non-government sponsored lenders. A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate. While many think that a 20% down payment is required for all conventional loans, many lenders now offer low down payment options.
Looking for a Conventional Loan in West Palm Beach?  Let Buena Vista Lending assist.

  • Available for Primary, Second, and Investment properties
  • Now Accepting FICO Credit scores LESS Than 620 with compensating factors
  • Flexible Down payment as low as 3%(5%,10%,15%)
  • Loan Amounts up to the Palm Beach County Loan Limit
  • Single Family, Town house, condos.

 

Click here to start the process now!

Breaking News: No Minimum Score Requirement for Fannie Mae Loans approved through Desktop Underwriter!

Fannie Mae has removed its minimum credit score requirement for loans processed through its Desktop Underwriter (DU) system, effective November 16, 2025

Instead of a strict 620 minimum, DU will now use a more comprehensive risk assessment that evaluates factors like debt-to-income ratio, employment stability, assets, and payment history. This change allows for greater flexibility in underwriting and potentially helps borrowers who were previously unable to qualify due to a lower credit score.

What this means for you

More flexible risk assessment:Lenders will have more flexibility to evaluate borrowers beyond just a minimum score.

Holistic evaluation: The DU system will assess a broader range of a borrower's financial profile, including their debt-to-income ratio, savings, and payment history.

Potential for previously ineligible borrowers: Borrowers with credit scores below the old 620 minimum may have a better opportunity to qualify for a conventional loan, provided their overall financial picture is strong.

Credit scores are still required: This change does not eliminate credit scores, but integrates them into a more complete picture of risk rather than using a hard cutoff.

No change to core loan standards: The fundamental standards for the loan itself have not changed, but the way they are assessed has.

Why Conventional LOANS?

Conventional loans are as traditional as they come. Generally offered with lower cost and little to no limitations. Assistance such as down payment and other programs are still available with conventional loans.

The case for Conventional loans

PMI/MIP – Mortgage Insurance premiums- Unlike FHA Loans(backlink to FHA loan page) Mortgage insurance premiums do fall after 80% LTV is reach whether by principle pay down or appreciation.

Stronger Offer – In a competitive market a strong conventional offer can stand out versus other government backed loans. Even besting cash offers, conventional loans provide full flexibility.

Conventional Loan Limits – In 2026 loan limits for single family are $806,500 for single units and $1,209,750 in high-cost counties.

Multi-unit loan limits (up to 4 units) are:

  • 2-Unit: $1,032,650
  • 3-Unit: $1,248,150
  • 4-Unit: $1,551,250

We are able to close loans at these higher limits NOW.

If you are interested in even higher limits, please visit our Jumbo Loans Page.

Conventional Loan cons.

There are certain drawbacks to Conventional loans that one should consider.

Credit Profile – Conventional loans no longer require a strict credit score of at least 620 to qualify.

Debt to Income – Your debt to income which compares your monthly debt payments to gross monthly income cannot be too high. DTI of 43% or lower is generally regarded.