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Mixed-Use Property · Conventional

Conventional Mixed-Use Property Loan in Florida

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

Drives loan
Residential %
Residential or commercial
Loan Type
15%+
Down
Urban cores
Florida
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Mixed-Use Property · Conventional

Conventional Mixed-Use Property Loan in Florida

Conventional financing on a mixed-use property 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 mixed-use property, we run conventional against FHA so you see the real monthly difference, not just the headline rate.

A mixed-use property — say an apartment above a storefront — can be financed residentially or commercially depending on how much of it is residential. The ratio is the whole game.

When the residential portion dominates (commonly 51%+ of the square footage and value) and the commercial use is limited, certain lenders will write it on residential terms. Heavier commercial use pushes it to a commercial or DSCR loan, with larger down payments and shorter terms. The number of units and zoning also matter.

We assess the residential-to-commercial split and zoning, then match you to the lender whose box your property fits — residential when possible for the better rate, commercial when the use requires it.

Mixed-Use Property at a Glance

✓Residential share of the property drives the loan type.
✓Majority-residential can qualify for residential terms.
✓Heavy commercial use means a commercial or DSCR loan.
✓Zoning and unit count factor into approval.

Read the full mixed-use property financing guide, or compare other angles: Requirements · Financing Guide · FHA · DSCR.

Mixed-Use Property Snapshot
Residential %Drives loan
Loan TypeResidential or commercial
Down15%+
FloridaUrban cores
How It Works
01
Apply Online
5 min · soft credit pull only
02
Match Loan
We shop lenders for the property
03
Processing
Our team handles paperwork
04
Close
Typically 14–21 days
FAQ

Conventional Mixed-Use Property Loan Questions

Is a conventional loan good for a mixed-use property?

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

Can I get a residential mortgage on a mixed-use property?

Sometimes. If the residential portion dominates the square footage and value and the commercial use is limited, certain lenders write it on residential terms. Heavier commercial use requires a commercial or DSCR loan. We assess the split first.

How much down payment for a mixed-use property?

On commercial or DSCR financing, expect 20% to 30% down. A majority-residential property handled on residential terms can require less. The exact figure depends on use, units, and the lender, which is why we shop it.

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Mixed-Use Property GuideMixed-Use Property · RequirementsMixed-Use Property · Financing GuideMixed-Use Property · FHAMixed-Use Property · DSCRAll Property TypesApply for Pre-Approval

Conventional Mixed-Use Property 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.