A strong fit for borrowers with established credit and stable income — flexible terms, competitive rates, and broad eligibility across Florida.
What it is
A conventional loan is the most common type of mortgage in the U.S. and a strong starting point for most borrowers. These loans aren't backed by a government program (FHA, VA, USDA), which means underwriting is set by Fannie Mae and Freddie Mac guidelines — and rates are often competitive for borrowers with solid credit and stable income.
Andrew Kashella works with over 100 lenders, so you can compare conventional loan terms side-by-side and pick the structure that fits your goals — whether that's a 30-year fixed, a 15-year fixed for faster payoff, or a 5/1 or 7/1 ARM if you don't plan to stay in the home long.
Who it's for
A few signs this program might be a strong fit. Even if you don't see yourself in this list, reach out — Andrew works with over 100 lenders and there's likely an option that fits.
Key Features
Rates set by the secondary mortgage market — often the lowest tier when credit is strong.
Choose 10, 15, 20, 25, or 30-year fixed; or 5/1, 7/1, 10/1 ARM structures.
Down payments as low as 3% available with private mortgage insurance (PMI) under 20%.
Single-family homes, condos, townhomes, multi-unit (1–4 unit), second homes, investment property.
Once you reach 20% equity, PMI can be removed — lowering your monthly payment.
No upfront mortgage insurance premium like FHA — saves thousands at closing.
Frequently Asked
As little as 3% for first-time buyers and 5% for repeat buyers, with private mortgage insurance applied below 20%. 20% down avoids PMI entirely.
Most conventional programs require a 620 minimum score, though some lenders accept scores as low as 580 with compensating factors. The best rates start around 740+.
Yes. Conventional loans cover primary residences, second homes, and 1–4 unit investment properties. Investment-property loans require larger down payments (usually 20–25%).
Conventional loans aren't government-backed, so there's no upfront mortgage insurance fee. Credit and income requirements are stricter than FHA, but if you qualify, conventional loans are often cheaper over the life of the loan.
Andrew Kashella is here to help you compare options, understand the numbers, and figure out if this program is the right fit for your situation.
Andrew Kashella — NMLS #139171 | Innovative Mortgage Services, Inc. — NMLS #250769
Loan programs are subject to borrower qualification, credit approval, and property eligibility. Not all applicants will qualify. Additional terms and conditions may apply. Interest rates and loan programs are subject to change without notice. This is not a commitment to lend or extend credit.