Conventional Loans

Conventional loans are actually any type of creditor agreement that are not guaranteed by the Veterans Administration (VA), or insured by the Federal Housing Administration (FHA). In general, all conventional loans are eligible for sale to the government sponsored entities such as Fannie Mae (FNMA) and Freddie Mac (FHLMC) or to private secondary market investors. There are two different types of Conventional loans; Conforming and Non-Conforming loans. Conforming loans have to meet the guidelines set by Fannie Mae and Freddie Mac. Any loan which does not meet guidelines is a non-conforming loan. 

  • 620+ FICO
  • Primary, second and investment properties
  • Loan amounts up to county loan limit
  • Eligible for primary, second and investment properties on purchase, rate/term and cash-out refinances
  • LTV's as high as 97% on purchase and rate/term refinances
  • LTV's as high as 80% on primary home and 75% on second home and investment cash-out refinances
  • Available on single- and multi-wide, co-ops*, condos and PUDs
  • High Balance available for loan amounts over the county loan limit
  • 2-1 and 1-0 Temporary Rate Buydowns available for primary and second home purchases


NMLS #557025

Equal Housing Lender

Contact Us

Joshua Nieves Lending Team - Merit Lending
9960 W Cheyenne Avenue #240
Las Vegas, NV 89129
(702) 580-5069