A conventional loan is a mortgage originated by a bank, credit union, and mortgage broker or bank
like All American Home Mortgage and used in the purchase of real estate. This loan type is available in
a variety of loan term options and is advantageous for buyers with a strong down payment and good
credit history. It is the most popular type of home loan in Nevada and these loans are not insured or
guaranteed by any government program like the VA, FHA, or USDA.
Borrowers May Qualify For:
Loan Amounts to $647,200
Borrow up to 97% of the home’s value
Lower interest rates for higher credit scores
Private Mortgage Insurance (PMI) options available for down payments of less than 20%
Loans for construction and renovation available
All American Home Mortgage represents 28 Institutional Conventional lenders and averages 18 days to
close your loan from application date.