Conventional Loans. 
Great Products.
Low Rates.

 

Down payments starting as low as 3%.
Call for a complimentary home loan consultation

(888) 548-8706

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Conventional Loans

We are pleased to offer Conventional Home Loans in a variety of terms to suit a wide range of borrowers. Conventional Loans are loans that are not guaranteed or insured by government agencies such as the FHA or USDA, but do adhere to Fannie Mae and/or Freddie Mac guidelines. We can provide eligible borrowers with both fixed and adjustable rate Conventional Mortgages in a variety of different terms,

With programs like HomeReady, Home Possible, and HomeOne, down payments start as low as 3% and gift funds may be used to help cover the down payment and closing costs.

Call us today at (888) 548-8706 for a complimentary consultation.

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Front yard of house

Get Pre-Approved / Fast, Simple Process

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.

By clicking “Get Approved” or "Get Started" I am agreeing to receive phone calls, SMS (text messages) and emails from Novus Home Mortgage. Consent Terms of Service

Why Consider a Conventional Loan?

What may be the most popular option in today’s marketplace, the 30 Year Fixed Rate Mortgage continues to help borrowers obtain affordable interest rates that don’t ever go up, along with the financial flexibility of lower monthly payments. By contrast, the 10 or 15 Year Fixed Rate Mortgages offer shorter repayment periods, which can help the borrower own their home sooner and build equity faster, but at the expense of higher monthly payments.

  • Loans adhere to Federal National Mortgage Association (Fannie Mae) guidelines – additional lender guidelines may apply
  • Fixed interest rates will never increase
  • ARMs may offer lower introductory rates for set periods of time
  • May have lower interest rates than non-conventional mortgages
  • May be a good option for borrowers with at least 3-20% to put down
  • Can be used to refinance a mortgage into a lower interest rate
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