Mortgage Loan Programs and Eligibility Requirements

A comparison of available loan programs - conventional, FHA, VA, USDA, jumbo, HELOC and specialty financing - with the credit, down payment and property rules that decide which one fits.

Benefits of a 30-year fixed loan

• Lowest monthly payment among fixed-rate terms
• Payment certainty for the life of the loan
• Extra principal payments can shorten the loan without refinancing
• Available across nearly every loan program

What to consider

• More total interest than shorter terms
• Equity builds more slowly in the early years

Ready to explore 30-year fixed mortgages? Tim Redmond can walk you through eligibility, compare options, and get you pre-approved in Arizona and 3 more states.

Tim Redmond, 31yr/Mortgage Expert Branch Manager | LOS Coach Mortgage Loan Advisor at NEXA Lending. NMLS #487294. Call (406) 871-4500.

• Conventional loans for strong credit and steady income
• FHA loans with flexible credit and low down payment
• VA loans with no down payment for eligible veterans
• USDA loans for eligible rural and suburban properties
• Jumbo, DSCR, bank statement and bridge financing