Loan Guide
Conventional & Conforming Loans in South Florida
Loans that follow Fannie Mae and Freddie Mac guidelines, up to the annual conforming loan limit.
What to know
- Down payments can be as low as 3% for some first-time buyers.
- Private mortgage insurance can be removed once you reach enough equity.
- The conforming limit is set each year by the FHFA.
- Condo projects are reviewed for warrantability.
Questions buyers ask
- What is the conforming loan limit?
- The FHFA announces it each year. Above it, the loan is a jumbo loan.
Official figures: FHFA conforming loan limits. General information, not lending advice — confirm terms with a licensed loan officer.