A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).
An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.
The FHA program was created in response to the rash of foreclosures and defaults that happened in 1930s; to provide mortgage lenders with adequate insurance; and to help stimulate the housing market by making loans accessible and affordable.
The United States Department of Agriculture (USDA) gives borrowers the opportunity to own a home outside of the city limits. There are several benefits of a USDA loan, including flexible credit underwriting requirements and no down payment required.
Ask a NEXA loan officer whether a conventional loan fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a construction loan fits your goals and how it compares with your other options.
NEXA offers Construction “One Time Close” loans.
Ask a NEXA loan officer whether a renovation loan fits your goals and how it compares with your other options.
An FHA 203K loan is a loan backed by the federal government and given to buyers who want to renovate a home. An FHA 203K loan allows the borrower to finance the home, plus provides financing to do the necessary renovations to the home.
NEXA offers NO DOC programs for investors.
NEXA offers Hard Money & Fix and Flip programs.
NEXA offers Hard Money & Fix and Flip programs.
Ask a NEXA loan officer whether a DSCR loan fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether closing in an LLC fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a cross-collateral loan fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether an SBA loan fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a Non-QM loan fits your goals and how it compares with your other options.
NEXA offers Bank Statement programs for self-employed borrowers.
NEXA offers Bank Statement programs for self-employed borrowers.
Ask a NEXA loan officer whether an asset depletion loan fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a stated income loan fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a no-income program fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a no-ratio loan fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a verified employment program fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a no-FICO program fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether an ITIN loan fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a foreign national loan fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a loan after bankruptcy or foreclosure fits your goals and how it compares with your other options.
NEXAdpa – multiple down payment assistance programs to choose from.
Ask a NEXA loan officer whether 100% FHA down payment assistance fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether CalHFA down payment assistance fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether the Hometown Heroes program fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a HELOC fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a second mortgage fits your goals and how it compares with your other options.
A reverse mortgage is a loan for seniors age 62 and older. HECM reverse mortgage loans are insured by the Federal Housing Administration (FHA) and allow homeowners to convert their home equity into cash with no monthly mortgage payments.
Ask a NEXA loan officer whether a VA IRRRL fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether an FHA Streamline refinance fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a farm or ranch loan fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a manufactured home loan fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a mobile home loan fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a barndominium loan fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a condotel loan fits your goals and how it compares with your other options.
An ARM is an Adjustable Rate Mortgage. Unlike fixed-rate mortgages that have an interest rate that remains the same for the life of the loan, the interest rate on an ARM will change periodically. The initial interest rate of an ARM is lower then that of a fixed-rate mortgage, consequently, an ARM maybe a good option to consider if you plan to own your home for only a few years; you expect an increase in future earnings; or, the prevailing interest rate for a fixed mortgage is too high.
Most homeowners get into adjustable-rate mortgages for the lower initial payment, and then usually refinance the loan when the fixed period ends. At that time, the interest rate becomes variable, or adjustable, and the homeowner may refinance into another adjustable-rate mortgage, a fixed-rate mortgage, or sell the home.
Ask a NEXA loan officer whether a 2/1 buydown fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a 3/2/1 buydown fits your goals and how it compares with your other options.
Ask a NEXA loan officer whether a 1/0 buydown fits your goals and how it compares with your other options.
