3% Down · Cancellable PMI

Conventional Loan in Boca Raton, FL

Your licensed Boca Raton mortgage broker for conventional loans. We shop multiple lenders to find the right Conventional terms for your Boca Raton purchase, and keep the file moving to the closing table.

$620,000

Median Home Price

3% Down

Conventional Highlight

33432

Primary ZIP

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5 minutes · No cost · Soft credit pull only

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NMLS# 1859012 · Equal Housing Lender

Conventional Loan · Boca Raton

Conventional Loans From Your Boca Raton Mortgage Broker

A conventional loan is the standard non-government mortgage. It opens at 620 and as little as 3% down, and its biggest edge over FHA is PMI you can cancel once you reach 20% equity rather than carry for the life of the loan.

Boca Raton's median near $620,000 puts many purchases at the move-up end of Palm Beach County. Loan size and structure start to matter there. We line up the Conventional terms against that price point before you commit.

Boca Raton sits firmly in jumbo and high-balance territory. Its FAU and corporate crowd means we regularly place professionals into physician and asset-based programs alongside standard conventional financing.

What a Conventional Loan Offers in Boca Raton

✓3% down for qualified first-time buyers; 5% standard

✓620 minimum score; pricing improves at 640, 660, 680, 700, 740

✓PMI cancels automatically at 78% loan-to-value

✓No upfront mortgage insurance fee

✓Works for primary, second home, and investment purchases

✓Conforming limit caps the loan before jumbo territory

As a broker, not a bank, we compare conventional loan pricing across lenders at no cost. You get real numbers for your Boca Ratonprice point. Start with a five-minute application or call (561) 300-0380 and we will map the numbers to your situation. You can also read the full Conventional Loan program guide. Or review the CFPB's homebuyer guide for the official rules behind the program.

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Conventional Loan Snapshot

Minimum Down3% (first-time) / 5%

Minimum Score620

Mortgage InsuranceCancellable at 20% equity

Best ForBuyers with 640+ and steady income

CityBoca Raton

CountyPalm Beach County

Broker NMLS#1859012

How It Works in Boca Raton

Apply Online

5 min · soft credit pull only

Match Program

We shop lenders for your Conventional terms

Processing

Our team handles paperwork

We coordinate title and signing in Boca Raton

Get Pre-Approved

FAQ

Conventional Loan in Boca Raton Questions

Is a conventional loan better than FHA in Boca Raton?

It depends on your score and how long you will keep the loan. Above about 680, conventional usually beats FHA on total cost in Boca Raton because the PMI cancels. Below that, FHA can be cheaper. We run both side by side so you see the real monthly difference.

How much down do I need for a conventional loan in Boca Raton?

Qualified first-time buyers can go as low as 3%, and 5% is the standard. On a $620,000 Boca Raton home that 3% lands in the low five figures before any assistance. Putting 20% down removes PMI from day one.

Where can I get a conventional loan in Boca Raton, FL?

Mortgage Capital is a licensed Florida mortgage broker (NMLS# 1859012) writing conventional loans in Boca Raton and across Palm Beach County. As a broker we shop multiple lenders for the program. You see real Boca Raton pricing rather than one bank's box. Call (561) 300-0380 or apply online.

How fast can a conventional loan close in Boca Raton?

The timeline depends on the program, the appraisal, the title work, and how quickly the seller and their lender respond, so we do not quote a fixed number of days. We return most pre-approval decisions within one business day and order third-party reports as early as the contract allows. A fully underwritten pre-approval is the strongest way to keep your Boca Raton closing on schedule.

More Boca Raton Loan Programs

Other Loans We Write in Boca Raton

Official resources

Verify the details for your own situation against these government and agency sources: Fannie Mae HomeReady and Freddie Mac Home Possible.

Conventional Loan Questions

What Boca Raton borrowers ask us before they start a conventional loan application.

What is a conventional loan?Can I get a conventional loan with 3 percent down?What is a Conventional 97 loan?What is the minimum down payment for a conventional loan?How do I improve my credit score before buying?Can I use an IRA for a down payment?

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