Conventional Investment Property Loans in West Palm Beach, FL
Loan-size math and qualifying analysis for Conventional financing on West Palm Beach's $400k median home value. Strong fit.
Strong fit for West Palm Beach.
West Palm Beach medians ($400k) keep down payment requirements manageable, and rental fit (76/100) supports the long-term cash flow conventional loans depend on.
Payment on West Palm Beach's $400k median.
| Median home value (West Palm Beach) | $399,650 |
| Assumed LTV | 80% |
| Loan amount | $319,720 |
| Cash to close (down payment) | $79,930 |
| Assumed rate | 6.75% |
| Term | 30-year amortizing |
| Monthly P&I | $2,074/mo |
Does West Palm Beach pencil?
| Median monthly rent (West Palm Beach) | $2,327/mo |
| Property taxes (est. 1.1%/yr) | −$366/mo |
| Insurance (est. 0.5%/yr) | −$167/mo |
| NOI (before debt) | $1,794/mo |
| Debt service | −$2,074/mo |
| DSCR | 0.86 |
Most Conventional lenders require DSCR ≥ 1.10 to fund and ≥ 1.20-1.25 for the best pricing tier. West Palm Beach medians fall below typical lender DSCR floors — a DSCR loan will only work on properties materially below median or with above-market rent.
Conventional financing — the mechanics.
Conforming residential mortgage for non-owner-occupied 1-4 unit properties, sold to Fannie Mae or Freddie Mac. Standard 30-year amortization. The lowest-cost real-estate financing available to most investors.
Lender requires: 680+ FICO, 20-25% down, DTI typically under 45% including the new mortgage, 2 years of W-2 + tax returns, 6 months of reserves per property. Closing in 30-45 days.
How Florida law affects this loan.
Florida: no state income tax. See full Conventional in Florida breakdown.
Frequently asked.
What's the typical Conventional loan size for a property in West Palm Beach?
On West Palm Beach's $400k median home value, a Conventional loan at the standard 80% LTV would be approximately $320k, requiring $80k down.
What's the monthly payment on a typical Conventional loan in West Palm Beach?
Fully-amortizing 30-year payment on a $320k Conventional loan at the typical rate of 6.75% would be approximately $2k/month, excluding taxes and insurance.
Is West Palm Beach a good market for Conventional financing?
West Palm Beach medians ($400k) keep down payment requirements manageable, and rental fit (76/100) supports the long-term cash flow conventional loans depend on.
What credit and reserves do Conventional lenders require for West Palm Beach properties?
Lender requires: 680+ FICO, 20-25% down, DTI typically under 45% including the new mortgage, 2 years of W-2 + tax returns, 6 months of reserves per property. Closing in 30-45 days.
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