Conventional Loans

The most common type of prime loan you can use to purchase a property is called a conventional loan. Conventional loans conform to the maximum loan limits established by Fannie Mae and Freddie Mac. Unlike certain other types of loans such as FHA loans, they are not backed up by government funds.

Typically, the timeframe for paying off a conventional loan will range anywhere from 10-30 years. Down payments may be as low as 3% or as high as 20%. Fees and terms governing conventional loans depend on a number of different factors, including your credit score, borrower profile, the property you are purchasing, the down payment you provide, and the lender you select.

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Basic Qualifications for a Miami Conventional Loan

Borrowers who want to be approved for a conventional loan in Miami will need to meet the following requirements:

You must be purchasing a qualifying property, as stipulated above.
Conventional loans are for properties worth $453,100 or less.
You should have a solid credit score. The higher your score is, the better.
A higher score typically will qualify you for better rates, terms, and fees.
You need enough to cover your down payment.
Making a higher down payment can sometimes free you from the requirement to purchase private mortgage insurance. There are however some great opportunities available for favorable loan terms even with a lower down payment. Through our wide network of lenders, we can help you find a competitive loan even if you cannot afford a high down payment.
Your income-to-debt ratio is important as well.
Ideally, your debts should comprise less than 50% of your total income. There are some exceptions, however. If your assets are worth enough to offset any perceived shortcomings in your income-to-debt ratio, you should still qualify for a conventional loan.

Applying for a Conventional Loan in Miami-Dade County

With so many factors impacting the interest rates, fees and terms of conventional loans, you want to make sure that you are getting an affordable loan which is going to meet your needs.

Lending Bankers Mortgage has established relationships with more than 130 lenders in the Miami area. This allows us to connect you with a diverse selection of conventional loans. That way you can choose the rates and terms which are right for you. If you are ready to get started, please give us a call at (786) 220-1100.

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Lending Bankers Mortgage

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Mauricio S.

21:45 28 Feb 23

Gabriel Corrente , de Lending Bankers , ha sido el profesional que hemos encontrado , desde nuestra llegada a los Estados Unidos, que mejor trato, mejor información, mejores opciones nos brindo... durante nuestra financiación para la compra de vivienda. Como Latino , estamos acostumbrados a tener una relación cercana con quien nos va a dar o tramitar un crédito . Fuimos a muchos bancos y todos fueron muy impersonales , la diferencia estuvo en Gabriel Corrennte y Lending Bankers ya que nos llevo de la mano durante todo el proceso y nos dió la orientación necesaria para poder cumplir con todos y cada uno de los requisitos y tramite .Gracias Gabriel, Gracias Lending Bankers por se nuestro nuevos mejores amigos y asistente para créditos.MAURICIO Y MARIA DEL ROSARIOread more

Boris M.

14:45 24 Jan 23

Incredible, great opportunities, with Mr. Juan Grieben, if you want to buy a property, this is the right place

Franki Luis Reyes N.

16:18 19 Jan 23

Son muy eficientes y buenas trabajadoras Ana, Maria y Claudia

Marieva L.

15:11 19 Jan 23

Efficiency and responsibility. Ana, Claudia y María they advise the client very well.

ESTEFANY G.

15:11 19 Jan 23

Un explendido y excelente servicio de Ana, María y Claudia

michell N.

15:05 19 Jan 23

Excelente servicio y atención de parte de claudia, Ana y Maria

MULTY I.

15:01 19 Jan 23

EXTRAORDINARIO TRABAJO , ATENCION Y DEDICACIÓN A CADA EXPEDIENTE Y CASO . MUCHAS FELICITACIONES. ANA, MARIA Y CLAUDIA

yris H.

15:00 19 Jan 23

Excelente atención, de Claudia,Ana y María .

angelica R.

14:11 06 Dec 22

La eficiencia y calidad de servicio fue Excelente, hasta superar nuestras expectativas! El equipo competente y profesional de Ana, Maria y Claudia nos hicieron sentir siempre en confianza y seguros!

Orangel B.

23:46 03 Dec 22

Llegando de Colombia tuve la suerte de contar con el apoyo de Ana, Claudia y Maria. Excelente Feedback e increíble la velocidad con la que me atendieron todos mis requerimientos.Profesionales con... un servicio de 5 estrellas.read more

Daniela L.

20:06 02 Dec 22

Gracias a Ana, Claudia y María son muy profesionales y eficientes, además que el trato es otro nivel, súper personalizado y amable. Las recomiendo cien por ciento!!

alfonsoRon V.

20:46 29 Nov 22

I never thought that I will found in one place the services that I need for my mortgage, and the property that I was looking for. Ana, Claudia and María the three of them, make the perfect team.

María de los Angeles C.

20:59 27 Nov 22

I loved the service offered by Claudia, Ana and Maria, they were recommended to me because I was looking to buy a vacation home to visit family that I have over there, and the result was better than... expected, the best team, keep up the good work Girls!!!read more

Ricardo M.

21:41 24 Nov 22

I love the time and efford that Ana, Maria and Claudia, put to help me find the right property invesment suited for me, they were very quick and avaliable all the time for any issues or concern that... I had about it, if you need any advice or help with a property this is the team you need to chose, excelent job !!!!!read more

Juan Sebastian P.

18:54 10 Nov 22

I would like to take this opportunity to thank Mariya and Gustavo for their help in purchasing my investment properties. They were both very supportive during the process, providing me with advice... and guidance when I needed it. They also went above and beyond to make sure that everything went smoothly, and I am extremely grateful for their efforts. I would highly recommend their services to anyone who is looking to purchase a property, and I sincerely thank you guys for help. You are AWESOME!!!read more

Manuel M.

12:14 09 Nov 22

For me, the most important thing in the provision of a service is the availability to listen and understand what one wants, to quickly propose the different alternatives to what one is looking for... and the clear support in the legal management to obtain the property, all of these qualities, they have: Ana, Claudia and Maria.They are an excellent team!read more

Aurora L.

11:24 02 Nov 22

Thank you, Ana, Claudia and Maria. Excellent care and very professional.They helped me at all times in the process of searching for and obtaining the mortgage for my new home. I recommend them, they... answer all your questions and are pending at all times.read more

Daniel R.

20:47 31 Oct 22

Great service!! Made it happen fast and at a great rate. Will surely work with Claudia again!

Sadhana S.

21:17 17 Oct 22

They are the best team. Working with Claudia, María and Ana has been a blessing experience. They are not only very professional, knowledgeable and efficient but the way the treat you at a personal... level make this a very easy and relax process. I highly recommend them .read more

Andrea D.

13:27 07 Oct 22

I had a great experience working with Danny Perez.He was always on top of everything, he is very professional with his work. Was always there for me. I highly recommend working with him for all... your mortgage needs.read more

J R.

19:55 19 Sep 22

Gustavo is one of the most professional and hardworking mortgage brokers I have ever worked with. Not only he always answers the phone, but he is also extremely knowledgeable and has great... communication skills. The dedication he shows really sets him apart from other mortgage brokers. I'm grateful for the early exposure to updates that he was always giving me. Thank you for making my mortgage process fast and easy. I was a little worried at first, but your team (Katherine and Mariya) put me at ease and guided me through the process step-by-step. I appreciate all your help, and I'm glad that I chose your company to help me with this big purchase. Thank you again for everything!read more

Alberto A.

20:22 18 Sep 22

I worked with Danny Perez during my loan process. Danny was extremely knowledgeable, professional and definitely someone you want to have on your corner! His attention toward me was first in class,... from regular updates, to timely emails, to finding quick solutions when situation arise! I invest in real estate across MIA and I not only found a lender, but an alia I can relay on. Danny Perez is not just a lender, but an extension of your business, whatever your business is (primary home, secondary home, investment property, etc.)Highly recommend Danny for all your lending needs!read more

Dylan G.

02:44 16 Sep 22

As a real estate agent, I had the pleasure of working alongside Danny Perez here at Lending Bankers. Danny is an absolute shark, he first provided my client with multiple options for a loan on a... condo hotel. When my client chose an option, he immediately went to work to secure the loan from the bank for my client. He took on our file, which had many issues along the way, that were not Danny's fault. But, when running into issues, Danny called us immediately to keep us in the loop, then immediately found a solution. His communication with us was always spot on and he didn't mind bringing up bad news, which I respect. He earned our trust by doing this. He ended up getting my client approved for a loan after working night and day to overcome many obstacles. My client and I built an amazing relationship with Danny along the way and we will continue to come back to work only with him when shopping for a loan because we know Danny is a shark!!read more

connie C.

20:42 14 Sep 22

I enjoyed working with Danny Perez. He was courteous, knowledgeable and amazingly responsive. I would recommend him and his company for anyone looking for a good mortgage broker.

Angela R.

19:59 11 Sep 22

Ive worked as a realtor in Miami area for many years. One of the issues we face is trusting the mortgage brokers to prioritize our transaction as much as we are. These ladies (Claudia, Ana & Maria)... always answer the phone, are extremely knowledgable and have great communication skills. The dedication really shows. I never have to reach out to them for updates. They take control of the transaction and its always a smooth ride. They specialize in just about all the tricky clients. Investors, foreigners, self employed, construction, etc.read more

julio B.

16:02 11 Sep 22

For months I procrastinated on finding financing for the purchase of an investment property. Luckily I called this office and Maria Pirela took my call and introduced me to her amazing team.... Communication and attention to detail are their strongest asset. Maria, Claudia and Ana made my transaction run so smoothly, im more motivated to continue investing in real estate.read more

Zoe M.

00:12 10 Sep 22

Ms. Salermo found me the lowest rate ive seen in this market. Maria took care of collecting my documents and Ms. Castano was always available for any questions I had. As an active real estate... investor, these are the people to call.read more

Lorenzo L.

00:04 10 Sep 22

I thought I was never going to be able to qualify for a mortgage as my citizenship is in Brazil. Maria Pirela was very helpful during the document collection phase as I am not very organized with my... documents. Ana and Claudia made sure to give me a variety of rate options. Now I'm enjoying the gorgeous city of Miami. Thank You!!read more

Luis S.

23:23 09 Sep 22

Last week I had an excellent closing. All thanks to Claudia Castano, Maria Pirela and Ana Salermo my transaction closed in 29 days. Other lenders were having issues with my condos approval but they... told me this was their bread and butter. Will contact them for my next financing.read more

Rebeca de C.

21:47 07 Sep 22

Nathaly Velazquez y Gabriel Corrente son los mejores para cualquier necesidad hipotecaria, su profesionalismo y compromiso para resolverte todo, es lo que me hicieron que confiara 100%. Así que los... recomiendo con los ojos cerrados.read more

Lending Bankers Mortgage LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.

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Conventional Loans

What is the Maximum Loan Limit for Miami-Dade County?

Basic Qualifications for a Miami Conventional Loan

Applying for a Conventional Loan in Miami-Dade County

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