Rates & Loans

Find the right loan

NVR Mortgage offers a wide range of loan programs to fit your specific individual needs. Based on your feedback, we can help you choose a program best positioned to meet your needs.

What rate option is right for me?

Fixed Rates

Interest rate never changes

Your interest rate and monthly principal and interest (P&I) payments remain the same for the life of your loan!

Fixed Rates
  • Provides you comfort that your interest rate will never change!
  • Great for those on a fixed income.
  • Great for those who plan to make this their long term home.

Adjustable Rate Mortgages (ARMs)

Low initial monthly payment

Your interest rate and monthly principal and interest (P&I) payments remain the same for a set initial period, based on the type of ARM loan that you have selected. After the initial period, your interest rate will then adjust annually.

Adjustable Rate Mortgages (ARMs)
  • Typically lower than the fixed rate. Offers a lower initial monthly payment, allowing you to get accustomed to your new expenses.
  • Beneficial for those whose income steadily increases.
  • Beneficial for those who wish to “ride the market”.
  • Great for those who plan to move in five years because it is guaranteed savings for 5 to 7 years, depending on which ARM program you select.

What loan size is right for me?


Loan amounts greater than $484,350

Provides financing for loan amounts greater than $484,350.

  • Follows the specific underwriting guidelines for the investor offering the product.
  • May require increased cash reserve and/or higher credit scores.


Loan amounts $484,350 or less

Provide financing for loan amounts less than or equal to $484,350.

  • Follows the standard underwriting guidelines (credit, income, assets requirements) of the government backed companies Fannie Mae and Freddie Mac.

What programs am I eligible for?

First-Time Homebuyer Programs

Lower down payment

Offered to borrowers who have not owned a home in the past 3 years.

First-Time Homebuyer Programs
  • Lower down payments required. Note: There may be limitations on income and occupancy.

Government Programs

Down payment assistance offered

Federal, state and local agency programs to assist people with buying a home. Loans offered from FHA, VA, and USDA.

Government Programs
  • Lower down payments required.
  • Lower credit scores required.
  • Higher income qualification ratios allowed.
  • Down payment assistance offered. Note: There may be limitations on income and occupancy.

What additional options exist?

Extended Locks

Protects from potential rate increases

Allows you to lock your interest rate and price in for an extended time while your home is being built.

Extended Locks
  • Protects you from potential rate increases.
  • Provides the comfort of knowing there will be no surprises based on swift market changes.

Second Trust

Great flexibility before and after closing

Loans that are secured by the remaining equity in your home that has not been used for the required equity in your first mortgage.

Loans offered are typically ARMS with Interest Only Payments required.

Second Trust
  • Great option to avoid
    1) Higher interest rates and/or pricing on Jumbo Loans
    2) Mortgage Insurance payments that are not tax deductible.
  • Provides you with flexibility before closing and options after closing!
This is the 8th house I have purchased and the very best mortgage experience to date. Your associates were always professional and knowledgeable. I would recommend NVR to all of my friends.

William B., Eastern Shore, MD