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Conventional Mortgage Loans in Long Island, NY

Conventional Mortgage Loans Long Island, NY Conventional loans are mortgages that are not covered by any government program of insurance or guarantee in Long Island, New York and can be either conforming or non-conforming.

Conventional loans in Long Island, may be eligible for purchase by the major secondary market agencies Fannie Mae and Freddie Mac which offer standardized underwriting guidelines for conforming loan amounts up to $970,800 for Nassau and Suffolk County, New York.

Call us at (833) 266-7887 for more information about conventional loans in Long Island, NY and to receive a free, no-obligation rate quote.

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About Conventional Loans in Long Island, New York

Conventional loans can carry fixed or variable (ARM) rates and a variety of repayment terms that can be tailored to your individual needs in Long Island, NY. Down payment requirements may be as little as 5%, although loans with less than 20% down require mortgage insurance and the set up of reserve accounts for property taxes and insurance. Generally, these loans do not have prepayment penalties.

At our mortgage company, you won't be treated like a number. You will be paired up with a knowledgeable mortgage consultant who will help guide you through the home loan process in Nassau and Suffolk County, New York from beginning to end. From prequalifying to closing and all the steps in between, we are dedicated to helping clients achieve homeownership in a pleasant, affordable manner.

To learn more about conventional home loans in Long Island, NY please fill out form on this page or contact us by phone (833) 266-7887.