Who this article is for
This article is for:
Homebuyers choosing a loan type
Homeowners thinking about refinancing
Anyone comparing Nestwise with other lenders
Loan types Nestwise offers
Nestwise offers a simple lineup of conventional mortgage products. All loans follow Fannie Mae and Freddie Mac guidelines, meaning they meet national standards for documentation, credit, income, and risk.
Nestwise currently offers the following loan types:
1. 30-year fixed-rate purchase loans
Nestwise provides 30-year fixed-rate mortgages for borrowers buying:
A primary residence
A second home
An investment property
A fixed-rate loan means your interest rate and monthly principal-and-interest payment stay the same for the entire life of the loan.
2. Rate-and-term refinances
A rate-and-term refinance lets you replace your current mortgage to:
Lower your interest rate
Lower your monthly payment
Change your loan term
No cash is taken out with this type of refinance.
Borrowers typically choose this option to save money or improve long-term affordability.
3. Cash-out refinances
A cash-out refinance lets you refinance your existing mortgage and take some of your home equity out as cash. Borrowers commonly use cash-out refinances for:
Home improvements
Debt consolidation
Large expenses or financial planning
Eligibility depends on:
Your credit score
Your income
Your current home equity
Fannie Mae and Freddie Mac loan-to-value limits
Property types Nestwise supports
Nestwise offers loans for:
Primary residences
Vacation or second homes
Investment properties
Each property type has its own credit, equity, reserve, and down payment requirements, which are determined by agency guidelines.
What Nestwise does not offer
Nestwise does not offer:
FHA loans
VA loans
USDA loans
Non-QM loans
Construction loans
A full explanation is available in the article “Loan Types Nestwise Does Not Offer.”