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3% Down · Cancellable PMI

Conventional Loan in Palm Beach Gardens, FL

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

$560,000
Median Home Price
3% Down
Conventional Highlight
33410
Primary ZIP
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Get Pre-Approved in Palm Beach Gardens
5 minutes · No cost · Soft credit pull only
NMLS# 1859012 · Equal Housing Lender
Conventional Loan · Palm Beach Gardens

Conventional Loans From Your Palm Beach Gardens 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.

Palm Beach Gardens's median near $560,000 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.

Home to corporate headquarters and gated golf communities, Palm Beach Gardens leans high-balance and jumbo. We shop reserves and rate structure hard for buyers at this price point.

What a Conventional Loan Offers in Palm Beach Gardens

✓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 Palm Beach Gardensprice 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.

Conventional Loan Snapshot
Minimum Down3% (first-time) / 5%
Minimum Score620
Mortgage InsuranceCancellable at 20% equity
Best ForBuyers with 640+ and steady income
CityPalm Beach Gardens
CountyPalm Beach County
Broker NMLS#1859012
How It Works in Palm Beach Gardens
01
Apply Online
5 min · soft credit pull only
02
Match Program
We shop lenders for your Conventional terms
03
Processing
Our team handles paperwork
04
Close
We coordinate title and signing in Palm Beach Gardens
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FAQ

Conventional Loan in Palm Beach Gardens Questions

Is a conventional loan better than FHA in Palm Beach Gardens?

It depends on your score and how long you will keep the loan. Above about 680, conventional usually beats FHA on total cost in Palm Beach Gardens 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 Palm Beach Gardens?

Qualified first-time buyers can go as low as 3%, and 5% is the standard. On a $560,000 Palm Beach Gardens 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 Palm Beach Gardens, FL?

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

How fast can a conventional loan close in Palm Beach Gardens?

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 Palm Beach Gardens closing on schedule.

More Palm Beach Gardens Loan Programs

Other Loans We Write in Palm Beach Gardens

FHA
Palm Beach Gardens
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VA
Palm Beach Gardens
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USDA
Palm Beach Gardens
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Jumbo
Palm Beach Gardens
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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 Palm Beach Gardens borrowers ask us before they start a conventional loan application.

What is the minimum down payment for a conventional loan?What credit score do I need for a conventional loan?What is a Conventional 97 loan?What is the conforming loan limit in Florida?Can I buy a home with a 500 credit score?Can I buy a house with no money down in Florida?
Browse all mortgage questions→
Tools & Programs
GuideComplete Homeowners Insurance GuideDown PaymentDown Payment Assistance with ConventionalLoan ProgramReverse Mortgage (62+)MarketPalm Beach County Housing MarketCredit Score800 Score, CONVENTIONAL LoanCalculatorReverse Mortgage CalculatorbuyersDoorDash Drivers Home LoansProperty TypeGated Community Home: FHA
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Palm Beach Gardens Mortgage BrokerConventional Loan Program GuideAll Florida Loan ProgramsAll Florida CitiesApply for Pre-Approval

Conventional Loan in Palm Beach Gardens?

Your local Palm Beach Gardens mortgage broker. 5-minute pre-approval, honest rates, fast closing.

Get Pre-Approved(561) 300-0380

Rates are illustrative only. APR and payments vary by credit score, loan amount, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.