Conventional Loans

Conventional Loans

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
  • 620+ FICO Score
  • 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!

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 2023 loan limits for single family and 1-4 units are $715,000 and $1,074,000 in high-cost counties. If you are interested in 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 do require a 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.


Buena Vista Lending Group, LLC

NMLS# 347423

Equal Housing Opportunity

Contact Us

Buena Vista Lending Group, LLC
2537 Forest Hill Blvd.
West Palm Beach, FL 33406
(561) 641-4663