Conventional Loans in NJ & NY | Golden Mortgage Corporation – Trusted Local Broker

Conventional Loans in NJ & NY

Trusted Local Mortgage Broker – Golden Mortgage Corporation

Are you looking to buy a home or refinance in New Jersey or New York? Conventional loans are one of the most popular mortgage options—ideal for borrowers with solid credit and steady income. At Golden Mortgage Corporation, we specialize in helping NJ and NY residents find the right conventional mortgage to meet their goals.

The conventional mortgage most people think of is the “conforming” loan that meets the requirements of Freddie Mac and Fannie Mae (they are government sponsored and by loans from lenders and then sell to investors). Conventional loans have a maximum loan amount of $802,650 in 2025 for most areas (Hawaii, Alaska and a few high cost markets have higher maximum rates).

What Is a Conventional Loan?

A conventional loan is a mortgage that is not backed by the government, such as FHA or VA loans. These loans conform to standards set by Fannie Mae and Freddie Mac and are widely used for home purchases and refinancing.

Conventional loans typically require a down-payment that can be as low as 3% for first time home buyers. If putting down less than 20% then borrowers will be required to purchase private mortgage insurance (PMI). They will also have a minimum debt to income ratios (DTI) which is the percentage usually 43% of monthly that goes towards paying off debt.

While conventional loans are many people’s typical idea of a mortgage, we have many programs and will help you decide which best fits your specific needs! Fill out our qualifier and we can schedule a consultation.

Benefits of Conventional Loans

  • ✅ As low as 3% down payment for qualified buyers

  • ✅ No upfront mortgage insurance required

  • ✅ Cancel PMI (Private Mortgage Insurance) once 20% equity is reached

  • ✅ Available for primary homes, second homes, and investment properties

  • ✅ Flexible terms: 10, 15, 20, or 30-year fixed or adjustable rates

Conventional Mortgage Solutions in New Jersey

Golden Mortgage Corporation is a New Jersey licensed correspondent lender and New York broker offering:

  • Conventional loan approvals for single-family, multi-family, condos, and co-ops

  • Property eligibility across Essex, Hudson, Hunterdon, Bergen, Union, Middlesex, Monmouth, and Somerset Counties

  • First-time buyer assistance with low down payment programs

  • Cash-out and rate-and-term refinancing

Serving Homebuyers Across New York

As a licensed NY mortgage broker, we provide expert conventional loan support in:

  • New York City (Brooklyn, Queens, Manhattan, Bronx, Staten Island)

  • Long Island (Nassau and Suffolk Counties)

  • Westchester, Rockland, and surrounding suburbs

  • Condos and co-op financing options available

 

Who Qualifies for a Conventional Loan?

Conventional loan approval typically requires:

  • Minimum 620 FICO score

  • Stable income and employment history

  • Maximum debt-to-income ratio of 45%

  • Down payment starting at 3% for first-time buyers or 5% for others

Why Choose Golden Mortgage Corporation?

We are your trusted NJ and NY mortgage experts offering:

  • Personalized loan guidance

  • Fast, transparent pre-approvals

  • Competitive interest rates

  • Local expertise for NJ and NY real estate markets

Get Pre-Approved for a Conventional Loan Today

Whether you're buying your first home, upgrading, or refinancing, Golden Mortgage Corporation is here to help you every step of the way. Contact us now for a free consultation and same-day pre-approval.

📞 Call Us: (877) 539-1697
📧 Email: (info@goldmortgage.com)

Apply Now!