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3% Down · Cancellable PMI

Conventional Loan in West Palm Beach, FL

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

$380,000
Median Home Price
3% Down
Conventional Highlight
33401
Primary ZIP
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Get Pre-Approved in West Palm Beach
5 minutes · No cost · Soft credit pull only
NMLS# 1859012 · Equal Housing Lender
Conventional Loan · West Palm Beach

Conventional Loans From Your West Palm Beach 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.

With a median around $380,000, West Palm Beach lands in Palm Beach County's core first-time and move-up range. A Conventional loan fits squarely into how most buyers finance at this level.

As the county seat and largest city, West Palm Beach mixes downtown condos with established single-family neighborhoods. Buyers here run the full range, from FHA first-timers in the historic districts to conventional move-up purchasers along the waterfront. West Palm Beach also has one of South Florida's most active international buyer markets — we originate foreign national mortgages and ITIN loans here regularly, with no U.S. citizenship or SSN required.

What a Conventional Loan Offers in West Palm Beach

✓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 West Palm Beachprice 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
CityWest Palm Beach
CountyPalm Beach County
Broker NMLS#1859012
How It Works in West Palm Beach
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 West Palm Beach
Get Pre-Approved
FAQ

Conventional Loan in West Palm Beach Questions

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

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

Qualified first-time buyers can go as low as 3%, and 5% is the standard. On a $380,000 West Palm Beach 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 West Palm Beach, FL?

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

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

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 West Palm Beach closing on schedule.

More West Palm Beach Loan Programs

Other Loans We Write in West Palm Beach

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

What is the conforming loan limit in Florida?What is a Conventional 97 loan?What credit score do I need for a conventional loan?What is the minimum down payment for a conventional loan?What is PMI and how do I get rid of it?How do I qualify for down payment assistance in Florida?
Browse all mortgage questions→
Tools & Programs
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Conventional Loan in West Palm Beach?

Your local West Palm Beach 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.