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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?

Blue Water’s team has over 150 years of collective mortgage experience we have the knowledge and ability to get your loan closed on time with the best terms and lowest rates for you.

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Blue Water Mortgage Customer Reviews

The loan experience could not have been any better. As a first-time Home Buyer, I had questions and Blue Water Mortgage was willing and able to answer them all.  I would recommend Blue Water to anyone looking for a home mortgage.

Jane S. Bedford, NH

I would recommend the organization with a 10 out of 10. They worked through a ton of grey area to get through a few last minute road blocks. I really felt like they were putting in the extra effort for me. I would absolutely recommend Blue Water to any first time home buyer.

Dan V. Kittery, ME

My experience with Blue Water Mortgage was fantastic. The representatives were very professional and treated me as though I was their most important customer. I was a first time home buyer and Blue Water Mortgage took the stress out of a normally stressful process.

Chris D. Longmeadow, MA

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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.