Conventional Loans

Conventional Loans – A Smart, Flexible Path to Homeownership

At Rami Dalal with Nexa Mortgage, we believe in offering home financing solutions that are reliable, straightforward, and tailored to your unique needs. That’s why conventional loans remain one of the most popular mortgage options for homebuyers and homeowners across the country. Whether you’re purchasing a new home or refinancing your current mortgage, a conventional loan could be the ideal fit for your financial goals.

What Is a Conventional Loan?

A conventional loan is a type of mortgage that is not backed by a government agency like the FHA, VA, or USDA. Instead, it’s offered through private lenders and typically conforms to the loan limits set by Fannie Mae and Freddie Mac. These loans are ideal for borrowers with solid credit, a stable income, and the ability to make a down payment.

Key Benefits of a Conventional Loan

  • Flexible Down Payment Options
    You can put down as little as 3% (depending on your qualifications), making homeownership more accessible than ever.

  • Lower Overall Costs
    Conventional loans often come with lower interest rates and fewer upfront fees compared to government-backed loans.

  • No Private Mortgage Insurance (PMI) with 20% Down
    If you’re able to put down 20% or more, you can avoid paying PMI altogether — saving you money over the life of the loan.

  • Wide Range of Term Options
    Choose from fixed-rate or adjustable-rate mortgages with terms ranging from 10 to 30 years to best match your financial plan.

  • Great for Refinancing
    Conventional loans are also a smart choice for refinancing, allowing you to lower your interest rate, change your loan term, or tap into your home’s equity.

Who Should Consider a Conventional Loan?

Conventional loans are ideal for borrowers who:

  • Have a strong credit history (typically 620 or higher)

  • Can afford a down payment (even as low as 3%)

  • Want to avoid the upfront and ongoing costs associated with government-backed loans

  • Are looking for long-term affordability and flexible repayment terms

Why Choose Rami Dalal with Nexa Mortgage?

With years of experience in the mortgage industry, Rami Dalal is dedicated to helping clients across Memphis, Tennessee and beyond find the loan that’s right for them. As part of the Nexa Mortgage network, Rami offers access to a wide range of lenders and competitive loan products — ensuring you get personalized support and the best possible terms.

From your first consultation to closing day, you’ll receive transparent guidance, expert advice, and consistent communication to make the process smooth and stress-free.

Ready to Get Started?

Let’s find out if a conventional loan is the right fit for you. Whether you’re buying your first home, upgrading, or refinancing, Rami Dalal is here to make it happen.

📞 Call: (901) 387-6398‬
📧 Email: rdalal@nexamortgage.com
📍 Visit: Memphis, TN 38117