The embodiments disclosed herein select and assign a floating IP address (FIP) to an application based on characteristics of the application. Floating IP addresses are assigned a classification, and one or more network adapters are mapped to a FIP according to the FIPs assigned classification. The endpoint of a connection for an application initiating a network connection with a target application may be assigned a floating IP address according to attributes of the application being consistent with the classification of a FIP. Applications may be grouped according to their respective classification, and the group of applications may share a corresponding FIP. FIPs may be dynamically configured for an application with mapped network adapters selected based on the attributes of the application. An application's characteristics may change during executions, and the network adapters mapped to the FIP assigned to the application's connection may be reassigned.