Conventional Loans in Ocala & Central Florida
Flexible, competitive financing for well-qualified buyers
Conventional loans are the most common mortgage type in Ocala and Central Florida --- not backed by a government agency, they reward solid credit with competitive rates and flexible terms. With as little as 3% down for qualified buyers, options to remove mortgage insurance once you build equity, and loan amounts up to conforming limits, conventional financing works beautifully for primary homes, second homes, and investment properties throughout Marion and Citrus County.
What to know about Conventional loans
- As little as 3% down for qualified buyers
- Private mortgage insurance (PMI) can be removed once you reach sufficient equity
- Available for primary residences, second homes, and investment properties
- Fixed-rate and adjustable-rate options with terms from 10 to 30 years
- Often the lowest total cost for buyers with strong credit
Who conventional loans serve best
- Buyers with credit scores of 620+ (best pricing at 740+)
- Move-up buyers with equity from a current home
- Second-home and investment property purchases
- Buyers who want to avoid lifetime mortgage insurance
Conventional loan questions
Have a question about conventional loans? Call or text Loni at 352-598-1843.
All loan programs are subject to qualification, underwriting approval, and program availability.
What credit score do I need for a conventional loan in Florida?
Is 20% down required for a conventional loan?
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Wondering if a conventional loan fits you?
Loni will review your situation and compare every program you qualify for --- with real numbers, side by side.