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Conventional Mortgage Loans in NH, MA, ME, CT & FL

Conventional loans are the most common type of loan. They are private-sector loans that are not government-backed but follow guidelines set by Fannie Mae and Freddie Mac.

As these loans are not government-backed, there is no guarantee to the lender if a borrower defaults, and so requirements are more stringent. However, if you have good credit and have money set aside for a down payment, conventional loans are very affordable in the long term and could be a wise investment.

15 year and 20 year

These loans accumulate equity very quickly. They typically have some of the lowest rates of any mortgage and are ideal if you can afford the monthly payments. If you are looking to own your home and get the most out of your investment quickly, a 10 or 15-year mortgage is the way to go.

30 year

While these loans build equity more slowly and have slightly higher interest rates than 15-year loans, their long lifespan translates to much lower monthly payments. If you plan to be in your home for a long time, a 30-year mortgage may be right for you. These are also a great tool allowing you to invest the monthly savings in other investment instruments like your 401k, a 529 plan for the kids, stocks, bonds, or mutual funds.

To pre-qualify, or for any questions you may have about conventional mortgages, talk to a Blue Water Mortgage broker today.

Why Blue Water Mortgage
No Surprises
No Surprises
With over 150 years of collective experience, our mortgage brokers have seen it all. This level of expertise enables us to anticipate and quickly resolve any issues that might arise and close on time, every time.
Personalized Services
Personalized Services
Buying a home is one of the biggest purchases you’ll make in your entire life. That’s why our brokers are available via phone 24/7 to address any concerns or answer any questions you might have about the mortgage process.
Competitive Rates
Competitive Rates
Blue Water is locally owned, so we aren’t beholden to banks. That means we’re able to offer a more diverse portfolio of mortgage products tailored to your specific needs, as well as more competitive rates and lower closing costs.

They were wonderful to work with. I highly recommend them. Not only were they able to get me the best/lowest rate easily but …

Nathaniel Toutenel

I highly recommend Blue Water Mortgage! I sought to work with them because they have a reputation of being very patient and t…

Michele Cota

Working with Blue Water Mortgage Corp was a great experience. My wife and I could not be happier with the process. We felt li…

Richard Genest

It is rare to find a business that is so dedicated to its customer base. Blue Water Mortgage was able to close faster than mu…

Ryan Goulding

We started my home buying experience we where told by many mortgage companies we had to wait 3 years. I was doing a VA loan. …

Mark Johnson

As a first time home buyer, I had no idea where to begin with the mortgage process. Our realtor referred us to Blue Water to …

Steph Cormier

We had a very quick home search process Kristina and Paula made it happen for us! Kristina was in constant communication to k…

The Baileys

Excellent experience. Roger and his team work unbelievably hard to get the job done. Always available and happy to explain/ad…

Silas Laycock

Jason and Ann are the new Dynamic Duo! Our situation was less than perfect. Jason and Ann worked to make our dreams a reality…

Lisa Finch

We were referred to BlueWater Mortgage through our bank, The Provident and it was a great experience. From the start our cont…

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I have worked with Blue Water twice now. They set the bar for excellence and professionalism. They communicate clearly about …

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I have worked with at least a dozen loan officers at different mortgage companies over the past several decades and Lee is by…

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We had a fantastic experience with Blue Water Mortgage. We were referred to them by two of our friends, we would definitely r…

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My wife and I just completed a closing with Blue Water and our experience was phenomenal. We had a very quick turnaround from…

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Hiccups are always to be expected with an FHA and a first time home buyer. I would recommend the organization and effort with…

Daniel Vermeersch
Get Started Today with Blue Water Mortgage

Frequently Asked Questions

The Mortgage Process

Getting to Know You & Getting On Track
In our first meeting, we’ll answer your questions and talk about the programs we offer that would best fit your situation.
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Getting Pre-Qualified
The next step in the mortgage loan process is applying for pre-qualification, which enables us to confidentially verify your credit, income, assets, and liabilities.
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Assessing Loan Programs & Rates
At this point, we’ll start to sort through and evaluate which mortgage best fits your needs.
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Obtaining Loan Approval
Once you’ve submitted your loan application, we’ll work with our lenders to help find you the best rate and most favorable terms possible.
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Closing the Loan
After your loan is approved, we’ll review the details once more to make sure you feel confident about the financial commitment you are about to make. Once all of your questions are answered, we will schedule a closing.
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Home Loan Resources

10 Questions to Ask When Buying a Home
eBook

This ebook will help you better understand the home buying process so you can make a more informed buying decision.

Get the eBook
Worksheet

Use our Down Payment Worksheet to get a idea of what you can afford to spend.

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Monthly Budget Worksheet
Worksheet

Determine just how much you’re able to afford on a monthly basis to ensure you’re not in over your head with your monthly mortgage payments.

Download Worksheet

Please be advised that your actual rate, payment, and cost could be higher. Get an official Loan Estimate before choosing a loan. This estimate is provided for informational purposes ONLY, to assist you in determining an estimate of cash that may be required to close and an estimate of your proposed monthly mortgage payment. Actual charges may be more or less, and your transaction may not involve a fee for every item listed.

Rate and APR based on the following assumptions: Purchase Price of $250,000, loan amount of $200,000, 80% loan to value, 740 credit score, single family property, primary residence, escrowing taxes and insurance, debt ratio within program guidelines.