Learn more about NOVA’s Temporary Interest Rate Buydown program.
NOVA Conventional Home Loans
These loans can be the best loans for borrowers with great credit and higher down payments.
Conventional Loan Advantages include:
- Having a higher FICO score and a larger down payment can help you qualify for the lowest interest rates.
- With a 20% down payment, you can avoid paying private mortgage insurance.
- Escrow accounts can be optional, giving you the freedom to pay your taxes and insurance separately from your monthly mortgage payment.
- You have access to more loan options, including Fixed and Adjustable-Rate Loans, long or short terms.
- Conventional Loans can be used for most types of properties.
- Offers from buyers with Conventional Loans can be more attractive to sellers because they close quicker and can have fewer requirements for closing.
- There’s less paperwork involved, which helps your loan close quicker.
Ready to buy? We’ll show you the best options to make it happen. Contact a NOVA Loan Officer to get started.
The Program information shown is for informational/educational purposes only and does not represent a commitment to lend or extend credit. Other terms and conditions may apply. Contact your Loan Officer for more details.