Fixed Rate Loan

Omega Mortgage Groups’ conventional fixed-rate mortgage loans come in various options, with excellent advantages for qualified borrowers. While FHA and other government loans have certain property restrictions, a Conventional loan can be used on nearly all property types.

Short on a down payment? Here are a few conventional low-down payment options:

Fannie Mae HomeReady™

HomeReady™ is a fixed-rate, affordable housing program for creditworthy, low-to-moderate-income borrowers offering up to 97% financing.

Freddie Mac Home Possible® Advantage

Designed for low-to-moderate-income home buyers and/or individuals purchasing or refinancing properties in target areas.

Maximum financing (LTV/CLTV) and minimum credit score requirements are determined based on the loan product type.

Private Mortgage Insurance (PMI) is required on conventional loans with an LTV > 80%.