A conventional mortgage is a home loan that is not insured or guaranteed by the federal government. These loans are offered by private lenders and typically conform to guidelines set by Fannie Mae and Freddie Mac. They are the most common type of home loan used by borrowers with good credit, stable income, and a down payment.
✅ Flexible terms: Choose between fixed-rate or adjustable-rate options
✅ Low down payments: As low as 3% for qualified first-time buyers
✅ No private mortgage insurance (PMI) with 20% down
✅ Competitive interest rates
✅ No upfront mortgage insurance premium like FHA loans require
Borrowers with strong credit scores (typically 620 or higher)
Steady income and employment history
Ability to put down at least 3% (or 20% to avoid PMI)
Buying a primary, secondary, or investment property
Minimum credit score: 620+
Debt-to-income (DTI) ratio: Typically up to 45%
Verified income and employment
Down payment: 3% – 20%
Property must meet appraisal and condition standards
Ready to explore conventional financing options? We’re here to help you find the right loan based on your unique financial profile.
📞 Call us today at 786-622-2224 or
📅 Schedule your free consultation to explore your options!
We understand that the mortgage process can feel overwhelming, but you’re in great hands. With over 30 years of experience helping clients just like you, we’re here to guide you every step of the way — from pre-qualification to closing and beyond.
Whether you’re buying your first home, refinancing, or exploring investment opportunities, our team is committed to making the process smooth, transparent, and tailored to your goals.
To discuss how our team can help you, achieve home ownership.
At VMA Lending, we bring over 30 years of combined experience helping individuals and families achieve their homeownership and real estate investment goals. As a trusted Florida-based mortgage brokerage, we specialize in FHA, VA, Conventional, DSCR, Non-QM, and Down Payment Assistance programs. Our team is committed to providing personalized guidance, competitive rates, and a smooth lending experience from start to finish. Your success is our mission.