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.

Common terms are 30, 20, and 15 years: longer terms lower the monthly payment, shorter terms reduce total interest paid.

Benefits of a fixed-rate mortgage

• Payment never changes — easy long-term budgeting
• Protection against rising interest rates
• Available across FHA, VA, USDA, conventional, and jumbo programs

What to consider

• Initial rates are usually higher than an ARM's introductory rate
• Lowering your rate later requires refinancing

Ready to explore fixed-rate mortgages? Lois Kenney can walk you through eligibility, compare options, and get you pre-approved in California.

Lois Kenney, Mortgage Loan Officer at NEXA Lending. NMLS #379809. Call (951) 377-7410.

• 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