Home / Loan Programs
All loan programsLoan programs
Buying, refinancing, building, or tapping equity, there's a loan built for it. UMortgage+ powered by NEXA Lending, LLC compares every option below against your credit, income, and goals so you get the right fit, not just the first one offered.
NMLS #1660690
Core home loans
Conventional
As little as 3% down. PMI can be removed once you reach about 20% equity.
Conventional details →FHA
3.5% down with credit scores as low as 580. Flexible on credit and debt ratios.
FHA details → 0% downVA
For eligible veterans, service members, and surviving spouses. No monthly mortgage insurance.
VA details →VA IRRRL (Streamline)
Refinance an existing VA loan to a lower rate with limited paperwork and often no appraisal.
VA IRRRL details → 0% downUSDA
No down payment in eligible rural and suburban areas, with household income limits.
USDA details →Jumbo
For loan amounts above the conforming limit.
Jumbo details →Choose your term: 15, 30, or adjustable
30-Year Fixed
The lowest fixed monthly payment and a rate that never changes.
30-year fixed →15-Year Fixed
Higher payment, lower rate, and far less interest paid over the life of the loan.
15-year fixed →Adjustable-Rate (ARM)
A lower starting rate fixed for 5, 7, or 10 years, then adjusts within set caps.
ARM details →Equity, building, condos & renovation
HELOC & HELOAN
Borrow against your equity and keep your current first mortgage rate.
HELOC details → One-Time CloseConstruction
Finance the lot, the build, and your permanent mortgage with one closing.
OTC construction →Condo Financing
Warrantable and non-warrantable condos, FHA-approved projects, and HOA review.
Condo loans →FHA 203(k) Renovation
Buy or refinance and roll repair and improvement costs into one loan.
203(k) details →Non-QM, reverse & commercial
Non-QM
Bank-statement, DSCR, and asset-based loans for self-employed borrowers and investors.
Non-QM details →Reverse Mortgage
For homeowners 62+: turn equity into cash with no required monthly mortgage payment.
Reverse mortgage →Commercial
Financing for multifamily (5+ units), mixed-use, and other income properties.
Commercial details →Loan programs: FAQs
Which loan program is best for me?
It depends on your down payment, credit, income type, military service, and the property. Conventional often wins with good credit, FHA helps when credit or cash is tight, and VA or USDA can mean $0 down. A short call or application lets a loan officer compare them side by side.
What's the minimum down payment?
VA and USDA can be 0% down for eligible borrowers, conventional starts at 3%, and FHA at 3.5%. Jumbo, non-QM, and investment loans usually require more.
Should I choose a 15-year, 30-year, or ARM?
A 30-year fixed keeps payments lowest, a 15-year saves the most interest, and an ARM can make sense if you expect to sell or refinance before the fixed period ends. Try the numbers in our calculators.
Educational answers only. Not a loan offer or commitment to lend. Eligibility depends on your situation and current guidelines.
Not sure which program fits?
Apply online in about 15 minutes, or book a call with a loan officer at (480) 233-7897.