Conventional Loan Limits

The conventional loan limits for Broward, Miami-Dade, Palm Beach, & the surrounding areas are:

One unit
$484,350

Two units
$620,200

Three units
$749,650

Four units
$931,600

Shopping for a home which exceeds these limits? You are in the market for a jumbo loan. Please see this page for more details.

If you are looking for a loan which is government-insured, we also offer VA, FHA and USDA loans. Those who are eligible for these loan programs may have a low down payment or no down payment and enjoy additional benefits. Ask us about these programs while you are consulting with us.

A Conventional Loan For Any Purpose

A conventional home loan can be used to purchase a home, lower the term and/or rate of an existing mortgage, or consolidate debt. Unlike FHA, VA, & USDA loans that are utilized on primary homes only, conventional loans can also be used to purchase or refinance second homes & investment properties.

When you work with Premier Lending Corp, we start out by consulting with you to understand your needs and goals. That way we can connect you with a loan which will be ideal for your finances and plans.

You get to choose between adjustable and fixed interest rates. With a selection of loan terms available, you can look forward to a mortgage which is tailored to your requirements. We strive to offer some of the most competitive rates in the area along with affordable down payments.

Do You Qualify for a Conventional Loan?

Eligibility for a conventional loan is not as involved as qualification for a special government-backed loan program. The requirements are fairly basic:

620 minimum credit score for primary purchases. (Credit score requirements may vary depending on the occupancy & credit profile.)

10% down for second home purchases

3% down payment for 1st time home buyers

15% down for investment purchases

5% down payment for primary purchases for non-first time home buyers

2-year work history

Let Us Help You Apply for a Conventional Loan

With over 25 years of experience helping customers achieve their dreams of homeownership, we would love the opportunity to guide you in the right direction of achieving that dream.

Please call us at 954-840-8811 to schedule your consultation. Based on the information you share with us regarding your finances and your housing goals in South Florida and throughout the state, we can assist you in determining whether a conventional loan is the best fit for you.

Get Pre-Approved Today!

Conventional Loans

Premier Lending Corp

5.0

Marissa Smith

16:37 11 Dec 18

Buying a home is exciting! But it can also be an intimidating process. What we needed was someone to guide us through the details and make us feel comfortable with one of the biggest purchasing decisions we have ever made. That is exactly what Juan Fajardo at Premier Lending Corp did for us. He answered every call, email, and text. Every question was answered, and he did so promptly and professionally. We really couldn't ask for more. He even came to our closing. Truly a great experience all around.read more

Tim Emanuel

04:09 02 Jun 18

Thanks to this awesome team for all their assistance on the process of financing my first time home purchase. Manny has been nothing but friendly and helpful throughout the entire process. No question was unimportant! Throughout the process, for almost a year Manny and his team assisted us in our home search. Many made sure we knew what we could afford, what various financing options would mean to us, and gave us all the information we needed to make an educated decision on how we wanted to fund our home purchase. He was always available when questions arose, and he was beyond helpful in guiding us through the process after our offer was accepted. PLC offered us nothing but their best, we highly recommend them to all our friends and family! Thank you Manny and PLC! :-)read more

Barbara Thomas

00:48 19 Jul 16

As first time home buyers, we had lots of questions and needed a lot of trusted guidance. Premier Lending Corp walked us through each step of the process making it a much easier process than we had anticipated. Thanks Juan!

Johnny Perez

01:45 28 Sep 15

I can't say enough about my experience with Premier Lending. I knew that I needed a professional to help me with all my mortgage needs when purchasing my new home. Juan Fajardo did an exceptional job. He was extremely attentive to all of my concerns. He answered all of my questions immediately. He made the experience of finding the right mortgage (which could potentially be a stressful time for a buyer) carefree. Since I started working with Juan, I felt that he always had my best interest on his mind. He assured me that my transaction would go without a hitch...and he delivered. From always keeping me informed with any issues at hand to even sitting with me during my closing, Juan made this experience second to none. I would recommend Premier Lending to anyone who wants a great experience finding a mortgage and wants someone to look out for their best interest. I am grateful to Juan and Premier Lending and because of the fantastic experience that they provided. If I am ever in need to a mortgage, I will definitely go to Juan again.read more

Rodolfo Zubiate

18:24 12 Jan 15

Buying a home is an extremely overwhelming and scary process. At least it was for me at first with this being my first home. But the second I met with Premier Lending all those feelings went away and I immediately felt a sense of comfort and security, and I knew a had a great team behind me helping me through out the entire process.I had the pleasure to work with Manny Fajardo, who was always available to answer any question or doubt I had, and he always made it clear that he had my best interest in mind. He fought to get me the best rate possible and made the entire process pain free. I'm extremely happy with my home, and I have only Premier Lending to thank for that. I definitely recommend going with Premier Lending, even if you have questions and aren't sure about buying a house. They will guide you and put you in the best possible scenario.Thank you guys!read more

Brooke Nelson

19:22 14 Oct 14

I recently purchased my very first home and I cannot say enough about Manny and Premier Lending. As a first time home buyer I was very uneducated in this area and Manny took the time to explain each and every step of the process. He was always available when I had questions and worked diligently and had all paperwork done and put together in record timing. I would HIGHLY recommend him to anyone who is looking for a mortgage broker.read more

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Premier Lending Corp 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.

954-840-8811