Conventional Mortgage Loans

EMG Mortgage offers several fixed rate mortgage options including 10, 15, 20, and 30 year programs for borrowers that plan on staying in their homes for a long time.  These terms are ideal for the client if you are looking to build equity through the purchase of a stable traditional mortgage. Our Mortgage Experts can go over more information on this type of loan. They can discuss the terms with the client to help determine the choice that best meets their needs.

A conventional loan is a mortgage loan that conforms to Government Sponsored Enterprises (GSE) guidelines. The loan amount must not exceed guideline limits. Criteria include debt-to-income ratio limits and documentation requirements. The maximum loan amount is set based on the October-to-October changes in median home price. Any mortgage loan other than an FHA, VA or an RHS loan is a conventional one.

Fixed-Rate Mortgage Options

30 Year Fixed

Find comfort in knowing that the Mortgage Experts are EMG Mortgage will walk you through the process and go over all of these options.  Their combined over 45 years of lending This option offers the benefit with the most stability. Many consumers select this option because it offers a consistent payment that will never change. However, the interest rate may be higher than variable interest rates that are fixed for a shorter term.  Payments on fixed rate loan are amortized over a longer time period thereby making the payments lower.  The terms are 20-, 15-, and 10-Year Fixed

Borrowers that elect to purchase fixed-rate mortgages of on shorter terms such as a 20-, 15-, or 10-year fixed-rate mortgage programs, pay higher monthly payments.  However, the interest rate is lower on these mortgages than on 30 -year mortgages.

Adjustable Rate Mortgages (ARMs)

Many homebuyers opt for Adjustable Rate Mortgages because they offer a low-interest rate and monthly payment. That’s because they meet the needs of homeowners well, and here’s why: Most borrowers stay in their homes just five to seven years, making 3-, 5-, or 7-Year ARMs excellent loan options for them.
Short-Term Fixed Rate Mortgages 
EMG’S Short-Term-Fixed mortgages offer an excellent option for many homebuyers – a lower rate than traditional fixed-rate mortgages offer and the stability of longer-term fixed-rate mortgages. To be sure, the longer the rate is fixed, the more stability the borrower receives, and the higher the interest rate.  Interest rates on Short-Term Fixed rate loans are attractive and fixed until they reset in 3, 5, 7, or 10 years. Many borrowers, not surprisingly, prefer them, especially those who plan to move before interest rates on their loans reset.

3-Year Fixed

The 3-year Fixed Rate loan is amortized over 30 years, and its rate is fixed for the first 3 years, and it becomes an Adjustable Mortgage for the remaining 27 years of the 30 year cycle.

5-Year Fixed

The 5-Year Fixed rate loan offers an interest rate that is fixed for 5 years, and then it becomes an Adjustable Mortgage for the remaining 25 years.

7-Year Fixed
The 7-Year Fixed rate loan provides an interest rate that remains fixed for seven years, and  then it becomes an Adjustable Mortgage for the remaining 23 years

10-Year Fixed

The 10-Year Fixed rate loan offers an interest rate that is fixed for the first 10 years, and then it becomes an Adjustable Mortgage for the remaining 20 years


A Jumbo loan exceeds the industry-standard definition of conventional conforming loan limits. This standard is set by the two largest secondary market lenders, Fannie Mae and Freddie Mac. They set a limit on the maximum dollar value of any mortgage they will purchase from an individual lender.


Refinance home loans pay off one loan with the proceeds from a new loan using the same property as security. Refinance home loans come in many formats, including fixed mortgage loan rates, cash out, zero cost, interest only, stated income, and bad credit refinance.


Home improvement loans can provide you with the money for improving, repairing, or remodeling your existing home. These loans are often used to maintain or increase the value of your home. It can include repairs, refurbishing of your bathroom, kitchen, property extensions, landscape improvements, swimming pools and many other repairs or renovations