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Conventional Duplex Loan in Florida

A conventional loan on a duplex can start as low as 3%–5% down with PMI that cancels at 20% equity. Here is how conventional financing handles a duplex in Florida.

2
Units
From 3.5%
Owner-Occ Down
Counts
Rental Income
House-hack
Florida
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Duplex · Conventional

Conventional Duplex Loan in Florida

Conventional financing on a duplex avoids FHA's upfront premium and lets PMI fall off at 20% equity, which often makes it cheaper for buyers with a 680+ score. Down payments depend on occupancy and property type. For a duplex, we run conventional against FHA so you see the real monthly difference, not just the headline rate.

A duplex is the classic house-hack: live in one unit, rent the other, and the lender lets you count that rental income to qualify. As a primary residence, a duplex still gets low-down owner-occupied financing.

Owner-occupied, a two-unit property qualifies for FHA at 3.5% down, conventional at 5%, and VA at $0 down for eligible buyers — and the projected rent from the second unit can offset the payment in your debt ratio. As a pure investment, expect 20%-25% down with DSCR or conventional investor financing.

We structure the duplex loan around how you will use it. For house-hackers we maximize the rental-income credit; for investors we lean on DSCR so the property's cash flow carries the approval.

Duplex at a Glance

✓Owner-occupied FHA from 3.5% down on two units.
✓Projected rent from the second unit helps you qualify.
✓VA $0 down available for eligible buyers.
✓Investor purchase: DSCR or conventional, 20%–25% down.

Read the full duplex financing guide, or compare other angles: Requirements · Financing Guide · FHA · DSCR.

Duplex Snapshot
Units2
Owner-Occ DownFrom 3.5%
Rental IncomeCounts
FloridaHouse-hack
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01
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02
Match Loan
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03
Processing
Our team handles paperwork
04
Close
Typically 14–21 days
FAQ

Conventional Duplex Loan Questions

Is a conventional loan good for a duplex?

For stronger credit, often yes. Conventional skips FHA's upfront mortgage insurance and its PMI cancels, so the long-run cost on a duplex can be lower. We compare both for your exact numbers.

Can I use rental income to buy a duplex?

Yes. When you live in one unit, lenders count a portion of the projected market rent from the other unit toward your qualifying income, which can meaningfully raise what you can afford. We document the rent properly so it counts.

What down payment do I need for a duplex?

If you live in it, FHA allows 3.5% down, conventional 5%, and VA $0 for eligible buyers. As a pure investment, expect 20% to 25% down via DSCR or conventional investor loans. Occupancy decides the number.

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Conventional Duplex Loan?

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