CONVENTIONAL LOANS
The Smart Standard—Built Around You.
Competitive rates and flexible down payments from 3% to 20% for primary, second homes, and investments.
Why Conventional with Rockstar
- Competitive wholesale pricing across 50+ lenders
- Down payments from 3%–20%
- No upfront mortgage insurance
- Option to remove PMI when LTV ≤ 80%
Who It’s For
- Strong W‑2 income or established credit
- Primary, second home, or investment property buyers
- Borrowers seeking the best all‑around value
Conventional Mortgage Guide: Down Payments, PMI, and Best‑Fit Scenarios
Conventional loans are the flexible, low‑cost choice for many Florida buyers. With down payments from 3%–20% and competitive wholesale pricing across our 50+ lenders, we build a custom path that minimizes total cost—monthly and lifetime.
Use this guide to understand PMI, rate/term choices, second homes, and investment property rules. We work across Orlando, Windermere, Winter Park, and greater Tampa Bay.
When Conventional Wins
- Strong or improving credit with steady income
- Down payment of 5%–20% (or 3% for eligible first‑time buyer programs)
- Desire to remove PMI once you reach 80% LTV
- Purchasing a second home or investment property
PMI (Private Mortgage Insurance)
If your down payment is under 20%, PMI protects the lender and is included in your monthly payment. We’ll price multiple PMI structures (monthly, single‑premium, lender‑paid) to determine the true cheapest path and plan when to remove PMI.
Rate Strategy
Points vs. no‑points, 30‑year vs. 15‑year—there’s no one right answer. Our calculator and pricing engine test several scenarios to align payment comfort with long‑term savings.
Documents & Timeline
- W‑2 buyers: pay stubs, W‑2s, and bank statements
- Self‑employed: 2 years tax returns or alt‑doc options (see Bank Statement/P&L pages)
- Typical closing: about 20 days with our streamlined processing