Fannie Mae & Freddie Mac
Florida conventional loans
Conforming mortgages in Florida. 2026 one-unit baseline $832,750 in most counties, $990,150 in Monroe.
- Who it fits
- Florida primary, second-home, and some rental borrowers with agency credit and documented income.
- Typical down / structure
- 3–20%
A conventional loan is a mortgage that is not insured by FHA, VA, or USDA. Most are purchased by Fannie Mae or Freddie Mac and follow the FHFA conforming loan limit. For 2026 the baseline one-unit limit is $832,750 in most Florida counties, including Hillsborough, Pinellas, Orange, Duval, and Miami-Dade. Monroe County is a high-cost exception at $990,150.
Down payment can be as low as 3% on some first-time programs, or 5–20% on standard files. PMI typically applies below 20% down and drops at 80% LTV on many conventional structures.
Second homes and agency investment property still use personal DTI and tax returns. If the rental does not fit agency DTI, that is a DSCR conversation — a different product.
- 2026 conforming 1-unit: $832,750 most of Florida
- Monroe high-cost: $990,150
- Primary, second home, some rentals
- PMI until 80% LTV on many files
Florida insurance and property tax are in the housing payment. We do not use a Midwest insurance default.