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. Dolphin Home Mortgage, Inc. offers conventional mortgages in Ponte Vedra Beach, St Augustine, Nocatee, Jacksonville as well as all of Florida.

What is a Conventional Loan?

While many think that a 20% down payment is required for all conventional loans, many lenders now offer low down payment options.

Conforming vs. Non-Conforming Loans

Conventional loans are split into two types: conforming and non-conforming or Jumbo. The max conforming limit is $453,100

Benefits of Conventional Loans

Conventional mortgage can save cash. Home mortgage borrowers with good credit and the funds for a larger down payment may be better served by a conventional loan than an FHA-insured loan. FHA-insured loans are enticing because they have low down payment requirements. But conventional loans also have advantages

Conventional Loan Limits

Different counties have different limits on how much you can borrow for a Conventional Loan.  In Florida, most of the counties have a maximum conventional loan limit of $453,100.

Get Pre-Approved for a Conventional Loan

If you are looking to purchase a home in Ponte Vedra Beach, or anywhere in Florida, contact Dolphin Home Mortgage, Inc. at (904) 280-9600 for more information, or simply fill out the form on this page.