At NEXA Mortgage, we offer a wide range of loan programs designed to meet the needs of a diverse clientele, whether you're a first-time homebuyer, a seasoned homeowner looking to refinance, an investor, or a business owner in need of commercial financing. Below is a breakdown of the most common loan programs available:

1. Conventional Loans

Conventional loans are the most popular type of mortgage, typically ideal for borrowers with a strong credit history and sufficient down payment. These loans are not insured or guaranteed by a government agency and come with flexible terms, including fixed or adjustable interest rates. Loan limits are set by the Federal Housing Finance Agency (FHFA), and they are ideal for borrowers who can meet the down payment requirement, usually around 3% to 20%.

2. FHA Loans

FHA loans are insured by the Federal Housing Administration and are designed for borrowers with lower credit scores or limited down payment funds. They allow for a minimum down payment as low as 3.5%, making them a great option for first-time homebuyers. FHA loans have more lenient credit requirements but do come with mortgage insurance premiums (MIP), which adds to the overall cost of the loan.

3. VA Loans

VA loans are available to eligible veterans, active-duty service members, and certain members of the National Guard and Reserves. These loans are backed by the U.S. Department of Veterans Affairs and offer significant benefits, such as no down payment, no private mortgage insurance (PMI), and competitive interest rates. VA loans are a powerful option for those who qualify, offering favorable terms to thank them for their service.

4. USDA Loans

USDA loans, guaranteed by the U.S. Department of Agriculture, are aimed at borrowers looking to purchase homes in rural and certain suburban areas. These loans offer 100% financing with no down payment required, making them an excellent option for low- to moderate-income borrowers. USDA loans do have specific property location and income eligibility requirements, but they come with favorable interest rates and no private mortgage insurance (PMI).

5. Jumbo Loans

Jumbo loans are for homebuyers needing financing that exceeds the conforming loan limits set by the FHFA. These loans are commonly used for luxury homes or properties in high-cost areas. Because of the higher loan amounts, jumbo loans typically require a larger down payment, stronger credit score, and more thorough income verification compared to conventional loans.

6. Fixed-Rate Mortgages

A fixed-rate mortgage offers consistent monthly payments over the life of the loan, as the interest rate remains the same. This option is ideal for buyers who plan to stay in their home for an extended period and prefer the stability of knowing their payments won’t change. Fixed-rate mortgages are available in various terms, with 15-year and 30-year options being the most common.

7. Adjustable-Rate Mortgages (ARMs)

An adjustable-rate mortgage (ARM) has an interest rate that adjusts periodically based on market conditions after an initial fixed-rate period. ARMs are attractive to borrowers who plan to move or refinance before the rate adjusts. They often start with lower interest rates compared to fixed-rate mortgages, making them an appealing choice for short-term savings.

8. Refinance Loans

NEXA Mortgage offers several refinance options, including rate-and-term refinancing and cash-out refinancing. Rate-and-term refinancing allows borrowers to reduce their interest rate or change the term of their loan, potentially lowering monthly payments or paying off the loan faster. Cash-out refinancing enables homeowners to tap into their home equity, receiving a lump sum to use for things like home improvements, debt consolidation, or other financial needs.

9. Investor Loans

For real estate investors, NEXA Mortgage provides loans tailored to help finance the purchase of rental properties or fix-and-flip projects. These loans often come with flexible qualification criteria and financing structures, helping investors grow their real estate portfolios.

10. Non-Qualified Mortgages (Non-QM)

Non-QM loans are available for borrowers who may not meet the strict income documentation or credit score requirements of traditional loans. These loans are ideal for self-employed individuals, investors, or those with unique financial situations. NEXA Mortgage offers a range of Non-QM options to help these clients secure financing that aligns with their needs.

11. Commercial Loans

NEXA Mortgage also provides commercial loan options for business owners and investors looking to finance commercial properties such as office buildings, retail spaces, multi-family units, and industrial properties. These loans are tailored to meet the specific needs of commercial real estate buyers and typically offer flexible terms and competitive interest rates. Commercial loans are a great option for those looking to expand their business, invest in commercial property, or finance a new development. Loan structures and qualification criteria may vary depending on the type and size of the property being financed.

12. Other Loan Programs

In addition to the above, NEXA Mortgage offers many other specialized loan products to cater to nearly every mortgage need. Whether you’re looking for construction loans, bridge loans, or special financing programs designed for niche markets, we have solutions that can be customized to fit your specific goals. Our team is committed to working with you to find the best possible loan for your unique situation.

At NEXA Mortgage, we are dedicated to providing flexible loan programs that can accommodate a wide variety of financial goals and homeownership dreams. Whether you’re purchasing a new home, refinancing an existing loan, or investing in commercial real estate, we’re here to guide you through the process and ensure you get the loan that’s right for you.