2020 has been a crazy year for all of us, but as we celebrate Thanksgiving this year we'd like you to know how much you mean to us. Thank you for your continued support of our business; it’s always a pleasure to help you and your family with your mortgage financing needs. All of us at NEXA Mortgage, LLC would like to wish you a safe, Covid-Free and Happy Thanksgiving. We sincerely hope that your Thanksgiving is filled with great food, great people and great memories. All the Best, NEXA Mortgage, LLC
November 25th, 2020 Happy Thanksgiving
Buying a house is a straightforward process, right? You line up a lender, you find the right house and you get a mortgage to buy it. While this is the case in much of the country, there are plenty of regions where the home prices are too low for traditional home loans. How can a loan be “too small?” And where can buyers find alternate funding options? Small Dollar Mortgages Defined Most home loans under $100,000 are considered to be small dollar mortgages. In 2019, less than 10% of all U.S. single-family or condominium home purchases were for $100,000 or less. That’s a ...
A conventional mortgage loan requires a 20% down payment. If you are a first-time homebuyer however, saving up tens of thousands of dollars can seem like an impossible task. Of course, there are loan programs, like FHA mortgages, that allow for low down payments, but they often have stricter requirements. For some of those programs, you may have to pay higher interest rates, have better credit scores, or pay higher mortgage insurance fees. Fortunately, there is a little-known mortgage loan that requires no down payment and minimal fees: the USDA loan. USDA Loan Defined These are mo...
September 9th, 2020 | Government Loans, USDA Loans, The Little-known Mortgage That Doesn’t Require a Down Payment
I am excited to keep you up to date with industry related news, and in turn helping you make informed decisions regarding the financing of your home whether you are purchasing or refinancing. Please check back frequently to ensure you are in the loop.
January 7th, 2014 Welcome To My Blog!