CONVENTIONAL LOANS

What is a Conventional Loan?

Conventional loans are a great option for homebuyers in areas like New Orleans, Destrehan, and Terrytown. These loans follow guidelines set by Fannie Mae and Freddie Mac but are not insured or guaranteed by the government. For home loans in Metairie, Kenner, or Laplace, the maximum loan limit for a single-family home is $647,200, with higher limits for multi-family properties. Conventional loans are ideal for buyers seeking flexible, reliable financing.

Whether you’re a first-time homebuyer or refinancing, working with experienced mortgage brokers can help you find the best option. Local mortgage brokers in areas like Belle Chasse and Boutte specialize in conventional, FHA, and VA loans, as well as jumbo mortgages. They also offer solutions for self-employed borrowers, veterans, and real estate investors. Search for the best mortgage brokers near me to explore your financing options.

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

Fixed Rate

A fixed-rate mortgage is a great option for homebuyers in New Orleans, Destrehan, or Terrytown. With a fixed-rate loan, your payment remains consistent throughout the loan term (e.g., 30-years, 15-years). Local mortgage brokers in Metairie or Kenner can help you find the best fixed-rate mortgage for your needs, whether you’re a first-time homebuyer or refinancing.

Adjustable Rate

An adjustable-rate mortgage (ARM) is an excellent option for homebuyers in New Orleans, Destrehan, and Terrytown who don’t plan to stay in their home long-term. With an ARM, your interest rate is initially lower than a fixed-rate mortgage but will adjust after the introductory period (3, 5, or 7 years). Payments fluctuate based on market rates, but caps limit how much the rate can change. Whether you’re searching for home loans in Kenner, Metairie, or Laplace, working with experienced mortgage brokers can help you find the best ARM for your needs. Local mortgage brokers, including FHA and VA loan brokers, can guide you through your options.

Interest Only

An interest-only loan allows you to pay only the interest on the principal balance for a set period (e.g., 5 or 10 years). During this time, the principal balance remains unchanged, making initial payments lower. After the interest-only period ends, the loan is amortized over the remaining term (e.g., 20 or 25 years). This option is ideal for homebuyers in Metairie, Kenner, or Laplace seeking more flexibility. Experienced mortgage brokers, including those specializing in home loans in New Orleans, Destrehan, and Terrytown, can help you understand whether an interest-only loan is the right choice for your financial goals.

The Details are Important

Loan-to-value (LTV) ratios are an important factor when applying for home loans in New Orleans, Destrehan, or Terrytown, though they are often overlooked by homebuyers. While interest rates and loan terms are typically the main focus, the LTV ratio plays a key role in determining the loan amount you can secure. It’s essential to consider this ratio when evaluating your mortgage options.

If you’re purchasing a two-family, three-family, or four-family residence in areas like Metairie, Kenner, or Laplace, it’s important to know the maximum LTV ratios for these property types. Contact experienced mortgage brokers, including FHA and VA loan brokers, at Nexa Home Mortgage for expert advice on your LTV ratio and financing options.

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

Aaron Levy

NMLS#

1581865

Senior Loan Officer

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Cell

(504) 258-4332

alevy@nexamortgage.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: LA, NMLS # 1581865 | NMLS ID 1660690 | AZMB #0944059
Corporate Address : 3100 W Ray Rd STE 201, Office 209 Chandler, AZ 85226 to 35 Parlange Drive, Destrehan, LA 70047.

Aaron Services all of

Louisiana

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