Conventional Loans in New Hampshire

A conventional loan is a mortgage that is not insured or guaranteed by a government agency like FHA, VA or USDA. It fits buyers and homeowners with steady income and solid credit, and it offers a range of down payment options. As a mortgage broker, Tim compares conventional options from many lenders instead of offering one bank's menu.

Tim starts with what you can comfortably afford, then gets you pre approved so sellers take your offer seriously. You talk with Tim directly, and he explains each option in plain language before you sign anything.

Conventional loans are open to first-time buyers. Some conventional programs allow as little as 3% down for qualified first-time buyers, and mortgage insurance applies until you build more equity. Mortgage insurance on a conventional loan can be removed once you reach 20% equity, and it drops off automatically at 22% based on the original value. Tim will tell you which option fits your income, credit and savings.

New Hampshire homeowners can refinance into a conventional loan to lower the payment, shorten the term or take cash out of the home they live in. Tim compares the cost of the new loan with what you would save before he recommends it.

Tim's conventional work in New Hampshire is for homes people live in. Investment and rental property loans are handled by Travis Penny at travis.mortgage.