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Conventional Loans that Stand the Test of Time
When it comes to homeownership, having the right mortgage can make your journey smoother and more rewarding. Conventional mortgages emerge as a reliable choice, aligning with the criteria set by giants like Fannie Mae and Freddie Mac. These loans stand tall in the vast mortgage landscape, offering flexibility that caters to diverse financial profiles. While they encompass a range of guidelines, they often come with more stringent credit benchmarks compared to their government-backed counterparts.
Conventional mortgages come in a spectrum, each tailored to fit unique homeowner aspirations. From the typically encountered jumbo loans to the standard, every conventional loan is carved to echo specific financial dynamics. While their credit requirements might appear strict, they open doors to properties without geographic constraints, unlike some specialized loans. Whether it’s the allure of a suburban home or an urban apartment, conventional loans have you covered.
Unlike specialized VA or USDA loans, conventional loans are open to everyone and are often preferred for their flexible terms and broader property choices.
Absolutely! Several government and community initiatives provide down payment assistance, ensuring homeownership dreams are within reach for those who qualify.
Generally, a credit score of 620 or higher is required for conventional loans, but its always best to check with your loan officer for the latest prodcut guidelines.
Interest rates for conventional loans are dynamic, influenced by market conditions. An application can provide the most accurate rate tailored to your profile.
In the vast mortgage arena, conventional loans shine with their balance of flexibility and structure. While other loan types cater to specific niches, conventional loans cast a wider net, making them a go-to for many homeowners. Their adaptability, coupled with potential cost savings, positions them as a top contender for those seeking both stability and flexibility in their mortgage journey.
*All product information represented on this page is subject product guidelines and can change at anytime. It is for educational and informational purposes only and not a commitment to lend. Please contact your Nationwide Mortgage Bankers Loan Officer today get the latest product guidelines and guidance on what loan programs fit your unique financial picture and goals.
We make financing your home simple and seamless with our user-friendly online platform, allowing you to quickly apply and get pre-qualified for a home loan. Our mortgage specialists offer prompt feedback and support, ensuring a smooth and efficient home financing journey.
Nationwide Mortgage Bankers, Inc. (NMB), going by NMB Home Loans, Inc. in the states of AL, AZ, GA, IL, IA, KS, LA, MN, MT, ND, OK, PA, SC, SD, TX, WV and as NMB Home Loans in KY and MA| NMLS# 819382 | (www.nmlsconsumeraccess.org) 3 Huntington Quadrangle, Suite 403N, Melville, NY 11747 | Branch NMLS 1822931 | (833) 700-8884 | www.nmbnow.com. NMB is in no way affiliated with Nationwide Mutual Insurance Company. “NMBNOW” is a registered DBA of Nationwide Mortgage Bankers, Inc. All loans are subject to credit and appraisal approval. Not all applicants may qualify. Some products and services may not be available in all states. NMB is not acting on behalf of or at the direction of FHA/HUD/USDA/VA or the federal government. By refinancing your existing home loan, your total finance charges may be higher over the life of the loan. This is an advertisement. Licensed under the California Finance Lenders Law by The Department of Financial Protection and Innovation #60DBO73939 | Georgia Residential Mortgage Licensee | MA Mortgage Lender License #ML819382 | Licensed by the N.J. Department of Banking and Insurance | Licensed Mortgage Banker – NY Department of Financial Services. | Rhode Island Licensed Lender | Licensed by the Virginia State Corporation Commission. Additional state licensing information can be found at https://nmbnow.com/disclosures-and-licensing/
By refinancing your existing home loan, your total finance charges may be higher over the life of the loan.
