Conventional Loans in West Palm Beach, FL

Are you looking to buy a home in West Palm Beach with competitive interest rates and flexible loan terms? A conventional loan could be the perfect financing option for you. At Palm Beach Mortgage Group, we specialize in providing homebuyers and homeowners with personalized mortgage solutions, helping you secure the best loan terms to fit your needs.

What is a Conventional Loan?

A conventional loan is a mortgage that is not insured or guaranteed by the government (such as FHA or VA loans). These loans typically follow guidelines set by Fannie Mae and Freddie Mac, offering borrowers more flexibility, competitive interest rates, and fewer fees compared to government-backed loans.

Benefits of a Conventional Loan

• Lower Interest Rates – Conventional loans often offer competitive rates, saving you money over the life of your mortgage.

• Flexible Loan Terms – Choose from 10, 15, 20, or 30-year loan options to fit your financial goals..

• No Upfront Mortgage Insurance – Unlike FHA loans, you won’t have to pay an upfront mortgage insurance premium.

• Cancel PMI Sooner – Private Mortgage Insurance (PMI) can be removed once you reach 20% equity, unlike FHA loans which require mortgage insurance for the life of the loan.

• Ideal for Many Buyers – Whether you’re a first-time homebuyer or an experienced homeowner, conventional loans offer the flexibility you need.