Conventional Mortgage Loans in Florida | GT Home Lending
Fannie Mae · Freddie Mac · Conforming & High-Balance · NMLS# 2832362

Conventional loans,
structured precisely.

W-2 income, bonuses, investment properties, second homes — conventional loans cover the full range. The difference is how your file is structured and presented to underwriting.

3%DOWN FOR ELIGIBLE BUYERS
$832K+2026 CONFORMING LIMIT
1–4UNIT PROPERTIES
IDEAL FOR

Borrowers with solid income and the right structuring.

W-2 employees with complex or variable income
Buyers putting 5–20%+ down
Investors purchasing 1–4 unit properties
Second home and vacation property buyers
Borrowers in high-cost areas needing high-balance loans
See If You Qualify →
Licensed Mortgage Broker — Florida
NMLS# 2832362 · Alex Pinacho NMLS# 647053
Access to Fannie Mae- and Freddie Mac-eligible programs through approved wholesale lenders
Bilingual EN/ES
Equal Housing Opportunity
Reviewed by Alex Pinacho, NMLS# 647053 · GT Home Lending Updated July 2026

Conventional doesn't mean
straightforward.

Conventional loans are processed under Fannie Mae and Freddie Mac guidelines. When a borrower has bonus income, rental income, multiple jobs, or an unusual employment history, the calculation and documentation method matters more than the loan type itself.

Alex structures each file before it goes to underwriting — documenting income the right way, selecting applicable guidelines, and anticipating likely conditions in advance. The loan type is conventional. The preparation is not one-size-fits-all.

Key point: Conventional underwriting can accommodate complex income when the history, calculation, documentation, and likelihood of continuation meet agency and lender requirements.

For investment properties, rental income offset calculations are evaluated under applicable agency and lender guidelines, which can affect how an existing portfolio factors into qualifying for an additional property.

01

Income analysis before application

Alex reviews your full income picture — base, variable, bonus, rental, self-employment — and calculates your qualifying income before anything goes to a lender.

02

Program selection: conforming or high-balance

Standard conforming limits apply in most counties; high-balance programs are available for higher-cost markets. We find the ceiling that works for your purchase price.

03

Lender match across 25+ wholesale partners

Different lenders handle the same file differently. We know which wholesale lender's guidelines favor your income type, property type, and credit profile.

04

Rate and term comparison

We present options across multiple lenders in plain terms — rate, APR, points, monthly payment, and closing costs. You compare and decide.

05

Close on schedule

Closing timelines vary by lender and file complexity. Proper up-front documentation helps avoid last-minute conditions that can delay closing.

Built for a wider range
of borrowers than you think.

Conventional guidelines have expanded. If you've been told you don't qualify, a second opinion from a broker who knows the full program matrix may change that.

W-2 Employees

Salary, hourly, or variable pay — including bonus history, overtime, and commission income properly documented and averaged per guidelines.

Investment Property Buyers

Purchase or refinance of 1–4 unit investment properties. Rental income offset calculations handled correctly so your existing portfolio doesn't count against you.

Second Home Buyers

Vacation property or second home financing with primary residence existing. We document the occupancy correctly to avoid investment property pricing.

High-Balance Borrowers

Loan amounts above the standard conforming limit in qualifying counties. High-balance programs with conventional pricing — no jumbo overlay required.

First-Time Homebuyers

Conventional loans with as little as 3% down via HomeReady and Home Possible programs — often with better pricing than FHA once credit is strong.

Refinancing Homeowners

Rate-and-term refinance, cash-out refinance, and PMI removal refinances for existing homeowners with sufficient equity.

What to expect.

Loan Limits

  • 2026 baseline one-unit conforming limit: $832,750 in most areas
  • Higher limits may apply in eligible high-cost areas, up to a national one-unit ceiling of $1,249,125
  • The applicable limit depends on the county, number of units, property type, occupancy, and current Fannie Mae and Freddie Mac guidelines

Down Payment

  • Primary: 3–5% minimum (HomeReady/Home Possible)
  • Second home: 10% minimum
  • Investment property: 15–25% depending on units

Credit Requirements

  • Credit requirements vary by agency eligibility findings, lender overlays, occupancy, property type, loan purpose, and the overall file
  • Better pricing is generally available at higher credit scores
  • PMI is commonly required when LTV exceeds 80%; removal and cancellation depend on loan type, payment history, and servicer rules

Income Types Accepted

  • W-2 salary and hourly
  • Bonus and overtime, subject to required history and documentation
  • Commission income, subject to required history and documentation
  • Rental income (with leases or tax returns)

Property Types

  • Single-family residence
  • 2–4 unit properties
  • Condos and townhomes (warrantable)
  • Manufactured housing (select programs)

Reserves

  • Reserve requirements vary by occupancy, program, and lender
  • Second homes and investment properties generally require more reserves than a primary residence
  • DTI limits and reserve requirements are evaluated together under applicable underwriting guidelines

Loan limits and guidelines are subject to change. All loans subject to underwriting and lender approval. Not a commitment to lend.

Frequently Asked Questions

The 2026 baseline conforming loan limit for a one-unit property in most areas is $832,750. Higher county limits may apply in designated high-cost areas, up to the national one-unit ceiling of $1,249,125.
Conforming programs generally require a minimum credit score set by applicable lender and investor guidelines, and automated underwriting findings, lender overlays, occupancy, loan-to-value, reserves, and other factors affect eligibility and pricing.
Borrower-paid private mortgage insurance is commonly required when the first-mortgage loan-to-value exceeds 80%. Cancellation and automatic termination are governed by applicable law, loan type, payment history, equity, seasoning, and servicer rules.
These income types may be eligible when the borrower has the required history and the income is documented as stable and likely to continue. The calculation method depends on agency and lender guidelines.
Conventional financing may be available for eligible primary residences, second homes, and one-to-four-unit investment properties, including certain condominiums, townhomes, planned-unit developments, and manufactured homes.

Have questions about this program?

Alex reviews every file personally. Schedule a call and get direct answers.

Schedule a Strategy Call →

The right structure
makes the difference.

Book a strategy call and Alex will review your income, credit, and property profile to identify which conventional program and lender may fit, subject to underwriting and lender approval.