Conventional Loan · Tampa, FL
Conventional Loans in Tampa
A conventional loan is the most common mortgage, flexible terms, competitive pricing, and as little as 3% down for qualifying buyers.
Why Tampa
A Conventional Loan that fits this market
Tampa is anchored by MacDill Air Force Base, home of U.S. Central Command (CENTCOM). In a market where the median home value in Hillsborough County is around $371,500, a Conventional Loan is one of the ways local buyers get in. We walk Tampa buyers through every number.
Why a Conventional Loan
What makes it work
As little as 3% down
For qualifying buyers, with private mortgage insurance that drops off at 20% equity.
No upfront mortgage insurance
Unlike FHA, conventional loans have no upfront MI premium.
Flexible on property type
Primary homes, second homes, and investment properties all qualify.
Assistance
Down payment help in Florida
Florida Housing runs down payment assistance and the Hometown Heroes program for eligible buyers. We help Tampa buyers pair the right loan with any assistance they qualify for.
Florida Housing down payment assistance · Florida Hometown Heroes program
Good to know
Conventional Loan questions, answered
When does PMI go away on a conventional loan?
Conventional PMI can be removed once you reach 20% equity, unlike FHA's mortgage insurance.
Is a conventional loan better than FHA?
It depends on your credit and down payment. We compare both side by side for your situation.
Get started
Start with a conversation.
No pressure, no runaround.
Leave your details and our team reaches out fast, usually within minutes during business hours, to talk through your Conventional Loan options in Tampa. Or start your full application anytime.
Prefer email? logan@clayhousemortgage.com · Tampa, FL