CONVENTIONAL LOANS

What is a Conventional Loan?

Conventional loans are mortgages not backed by the federal government but follow guidelines set by Fannie Mae and Freddie Mac. These loans can be conforming or non-conforming. Conforming loans meet set limits—currently $647,200 for a single-family home (may vary by county). Higher limits apply for 2-4 unit properties. These loans are common for buyers in Hawaii and Nevada.

If you’re searching for mortgage lenders in Honolulu HI or Las Vegas NV or need home loans in Hawaii or Nevada, a conventional loan might be the right choice. Use a mortgage calculator Hawaii or Nevada to estimate payments. Explore Hawaii mortgage rates, Nevada mortgage rates, refinance rates, FHA loans, VA loans or JumboLoans. Find the best mortgage rates for veterans Nevada or refinance with cash out Hawaii options through a trusted mortgage broker near me or lender near me.

NEXA Mortgage, LLC offers conventional fixed rate loans, adjustable rate loans and interest only loans:

Fixed Rate

A fixed rate loan offers stable monthly payments over 10 to 30 years—ideal if you plan to stay long-term. Great for buyers exploring home loans Hawaii, home loans Nevada or working with mortgage lenders in Honolulu HI and Las Vegas NV. Use a mortgage calculator Hawaii/Nevada to compare Hawaii mortgage rates, Nevada mortgage rates and refinance rates today.

Adjustable Rate

An adjustable rate mortgage (ARM) offers a lower initial interest rate compared to fixed rate loans, making it attractive for short-term homeowners. The rate stays fixed during the introductory period—typically 3, 5 or 7 years—then adjusts every six months based on market trends. Rate caps protect against large increases, ensuring manageable changes over time. ARMs are ideal if you plan to move or refinance before the rate adjusts significantly.

If you’re considering home loans Hawaii or home loans Nevada, an ARM might offer savings. Work with trusted mortgage lenders in Honolulu HI, Las Vegas NV or mortgage companies Maui HI and Reno NV. Use a mortgage calculator Hawaii or Nevada to compare Hawaii mortgage rates, Nevada mortgage rates and refinance rates. Whether you’re looking for FHA loans Hawaii, VA loans Nevada or conventional loans Nevada, explore options with a mortgage broker near me Hawaii or mortgage lender near me Nevada.

Interest Only

An interest only loan allows you to pay only the interest on your mortgage for a set period, usually 5 or 10 years. During this time, the principal remains unchanged, resulting in lower monthly payments. After the interest-only period ends, the loan is amortized over the remaining term and you begin paying both principal and interest. This option is ideal for borrowers seeking lower initial payments or short-term flexibility.

Homebuyers exploring home loans Hawaii or home loans Nevada can benefit from this structure. Use a mortgage calculator Hawaii or Nevada to compare Hawaii mortgage rates, Nevada mortgage rates and refinance rates. Contact trusted mortgage lenders in Honolulu HI, Las Vegas NV or local mortgage companies in Maui HI and Reno NV to learn more.

The Details are Important

Loan-to-value (LTV) ratios are a crucial part of the mortgage process but are often overlooked by homebuyers focused on interest rates or loan terms. LTV ratios help determine how much you can borrow and may vary based on the property type. For two-family, three-family or four-family homes, LTV guidelines can be different.

If you’re shopping for home loans Hawaii or home loans Nevada, understanding your LTV ratio is key. Contact mortgage lenders in Honolulu HI, Las Vegas NV or trusted mortgage companies Maui HI and Reno NV for personalized advice. Use a mortgage calculator Hawaii or Nevada to estimate your budget. Explore FHA loans Hawaii, VA loans Nevada, conventional loans Nevada or refinance with cash out Hawaii. Nexa Home Mortgage can help with the maximum LTV ratios and best mortgage rates for veterans Nevada.

Please reach out to me with any questions. My goal is to make this a 5-star experience for you!

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Conventional Loan

Melinda Casem

NMLS#

364420

Branch Manager

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(702) 521-1116

casemhomeloans@gmail.com

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This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2025 | NEXA Mortgage LLC.
Licensed In: AZ,CA,HI,NV,TX,WA, NMLS # 364420 | NMLS ID 1660690 | AZMB #0944059
Corporate Address : 5559 S Sossaman Rd Building 1 #101, Mesa, AZ 85212

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