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Conventional Home Loan

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Conventional Home Loan

Looking for a steady and reliable home loan? This popular mortgage option features a fixed rate or an adjustable-rate.

The fixed rate ensures your monthly principal and interest payments will remain consistent for the entire loan term. Budget with confidence and never worry about rising interest rates.

An Adjustable-Rate Mortgage is also available. With an ARM, the interest rate changes periodically, usually in relation to an index, and payments may go up or down accordingly.

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Additional details

  • Available for Nevada primary homes, second homes, and investment properties
  • Down payments as low as 3%, but a 20% down payment is required to avoid private mortgage insurance (PMI)
  • Down payment requirements: 3% primary, 10% second home, 20% investment property
  • Maximum loan amount is $453,100
  • Minimum FICO requirement1

Mortgage programs are offered by Silver State Schools Mortgage Company (NMLS ID #410609), a credit union service organization wholly owned by Silver State Schools Credit Union (NMLS ID #382004).

1 Minimum credit scores apply. Not all applicants will qualify.