Home›Refinance›Conventional Refinance›Guide
Conventional Refinance · Guide

Conventional Refinance Guide in Florida

The complete guide to a conventional refinance in Florida — how it works, who it fits, what it costs, and the step-by-step path from application to closing.

Drops at 20%
PMI
620
Min Score
95%
Max LTV
Off FHA / lower rate
Florida
Call Now
Get Pre-Approved in Conventional Refinance Guide
5 minutes · No cost · Soft credit pull only
NMLS# 1859012 · Equal Housing Lender
Conventional Refinance · Guide

Conventional Refinance Guide in Florida

This guide walks the full conventional refinance process: confirming it fits your goal, checking your equity and credit, gathering documentation, shopping lenders, locking the rate, and closing. The order matters — confirm the refinance helps you before you spend on an appraisal or application. We manage every step and tell you honestly when waiting is the better call.

A conventional refinance is the workhorse — lower your rate, change your term, or escape FHA's permanent mortgage insurance. Once you hold 20% equity, a conventional loan carries no mortgage insurance at all.

The biggest win is leaving FHA. FHA mortgage insurance now lasts the life of the loan; refinancing into a conventional loan once you have 20% equity removes it entirely, often saving more than the rate change itself.

Conventional refinances need a 620+ score and allow up to 95% loan-to-value for rate-and-term. We run the numbers against keeping your current loan and against FHA so the move is clearly worth it before you pay a cent.

Conventional Refinance at a Glance

✓No mortgage insurance once you hold 20% equity.
✓Escape FHA's lifetime mortgage insurance premium.
✓Lower the rate, shorten the term, or both.
✓Up to 95% LTV on rate-and-term refinances.

Read the full conventional refinance guide, or explore: Requirements · Rates · Calculator.

Conventional Refinance Snapshot
PMIDrops at 20%
Min Score620
Max LTV95%
FloridaOff FHA / lower rate
How It Works
01
Apply Online
5 min · soft credit pull only
02
Break-Even Check
We confirm the savings beat the cost
03
Processing
Our team handles paperwork
04
Close
Typically 21–30 days
FAQ

Conventional Refinance Questions

What is the process for a conventional refinance?

A conventional refinance runs from goal-check to application, documentation, lender shopping, rate lock, and closing — usually a few weeks. We handle the steps and confirm the math favors you before any cost is incurred.

Can I refinance from FHA to conventional in Florida?

Yes, and it is one of the most valuable refinances available. Once you have about 20% equity, moving from FHA to conventional removes FHA's lifetime mortgage insurance, which often saves more than the rate change. We confirm your equity and run the savings.

What credit score do I need for a conventional refinance?

Generally 620 or higher, with better pricing above 680 and 740. We pull a soft credit check up front and tell you exactly where you stand and what the rate looks like at your score.

Keep Going
Conventional Refinance GuideConventional Refinance · RequirementsConventional Refinance · RatesConventional Refinance · CalculatorAll Refinance OptionsGet a Refinance Quote

Conventional Refinance Guide?

A licensed Florida mortgage broker who runs your break-even before you pay a cent — honest numbers, no pressure.

(561) 300-0380

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