Conventional Mortgages
Flexible, Competitive, and Built for Strong Borrowers
Conventional mortgages are the most widely used home loan in America — not backed by a government agency, but conforming to Fannie Mae and Freddie Mac guidelines. With as little as 3% down, no upfront mortgage insurance, and the ability to remove PMI once you reach 20% equity, conventional loans offer flexibility and long-term savings for qualified borrowers.
No application. No credit pull. Just answers. · NMLS #2386002
Conventional Loan Requirements at a Glance
Minimum Down Payment
3%
Minimum Credit Score
620+
Max Debt-to-Income
45–50%
PMI Required
Under 20% Down
Loan Limit (2026)
$832,750
Property Types
SFR, Condo, 2-4 Unit, Manufactured (post-1976)
Loan Terms
10, 15, 20, 25, 30 Yr Fixed; ARM
States Licensed
FL, GA, TN, TX, CO
Why Choose a Conventional Mortgages with Skyline
- As little as 3% down for first-time buyers or 5% for repeat buyers
- PMI can be removed once you reach 20% equity — unlike FHA MIP which may last the life of the loan
- No upfront mortgage insurance premium — lower closing costs compared to FHA
- Available for primary residences, second homes, and investment properties
- Loan amounts up to $832,750 (2026 conforming limit) — higher with jumbo options
- Flexible term options: 10, 15, 20, or 30 years to match your financial goals
- Competitive rates for borrowers with strong credit and stable income
- Fannie Mae HomeReady and Freddie Mac Home Possible programs offer reduced PMI for income-qualified buyers
- Skyline Mortgage shops multiple lenders to find the best conventional rate for your profile
Ready to Get Started?
Text us your scenario — no application, no credit pull, no pressure. Our team will walk you through your options and tell you exactly what you qualify for.
Frequently Asked Questions
What is the difference between a conventional loan and an FHA loan?
When can I remove PMI on a conventional loan?
What is the 2026 conforming loan limit in Florida?
Can I use a conventional loan for an investment property?
What is the Fannie Mae HomeReady program?
Your Home Financing Experts
From your first call to your closing day, and thereafter. Skyline Mortgage is with you every step of the way.
Related Reading
FHA vs. Conventional Loan: Which Is Better for Florida Buyers?
A side-by-side comparison — credit scores, mortgage insurance, and which loan saves you more over time.
Read Article →🔄When Does It Make Sense to Refinance Your Florida Mortgage?
Break-even analysis, rate-and-term vs. cash-out, and when to refinance from FHA into conventional.
Read Article →📊How to Improve Your Credit Score Before Applying
Raise your score in 30–90 days and qualify for better conventional rates — potentially saving tens of thousands.
Read Article →