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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. That 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. 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.

Official resources

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

Keep Going
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.