You may qualify for a conventional home loan in Florida if you meet the following requirements:
- Relatively good credit score (640 or above), however lower credit scores may be considered based on other factors;
- You are able to make a down payment of at least 3% of the loan amount;
- You are able to show steady income to cover the cost of your loan and self-employed individuals will need to supply two years of tax returns;
- Your debt-to-income ratio should be no more than 45%, but can go up to 50% in limited cases.
If you are in the process of buying a home, a second home, or investment property and you have a good credit score, and enough money for a down payment here is where you can apply for a conventional mortgage loan Tampa.