A Complete Guide to the Loan Options Offered by 1st Phase Empowered by NEXA Mortgage

When it comes to getting a mortgage, one size never fits all — and that’s exactly why NEXA Mortgage stands out. As one of the largest mortgage brokerages in the country, we shop over 270 lenders to deliver the most competitive rates and the best-fit loan for every unique situation. Whether you're a first-time homebuyer, seasoned investor, or planning new construction, here’s a high-level overview of the wide array of loan programs we offer.

🏡 Traditional Home Loans

These are the most common options for everyday buyers and homeowners:

  • Conventional (Conforming) – Fixed and adjustable-rate options for borrowers with strong credit and steady income.

  • FHA Loans – Ideal for first-time buyers or those with lower credit scores (as low as 500 with strong compensating factors).

  • VA Loans – Exclusive to veterans and active-duty military; offers 0% down, no PMI, and competitive rates.

  • USDA Loans – For rural and suburban properties, offering 100% financing for eligible buyers.

  • 203K – A rehab loan allowing you to finance home purchase plus renovations in one package.

  • Down Payment Assistance (DPA) – Programs that reduce upfront costs for qualifying borrowers.

💼 Investment & Specialty Loans

These programs are designed for income-generating properties, self-employed individuals, or borrowers with unique qualifications:

  • DSCR (Debt Service Coverage Ratio) – Popular with real estate investors; approval based on property cash flow, not personal income.

  • Bank Statement Loans – Great for self-employed borrowers who don’t show traditional income on tax returns.

  • No Income Verification / ITIN / DACA Loans – Flexible solutions for non-traditional borrowers.

  • Bridge Loans – Short-term financing to help you buy a new home before selling your current one.

  • Investor Loans & Fix-and-Flip Financing – For those acquiring or renovating income-producing properties.

🏗️ Construction & Renovation Loans

Planning to build or remodel? We’ve got you covered:

  • 1-Time Close Construction – Simplifies building by combining land purchase, construction, and permanent mortgage into one closing.

  • Renovation Loans – Finance upgrades or repairs into your mortgage.

  • All-in-One Loan – A blend of construction and permanent financing with flexible terms.

🏢 Commercial & Unique Loans

We also offer solutions for non-residential, large-scale, or niche use cases:

  • Commercial Loans – Financing for office, retail, industrial, and mixed-use properties.

  • Church Loans & Hobby Farms – Tailored funding for special-use properties.

  • Doctor Loans – Special terms for physicians, often with higher loan amounts and reduced documentation.

  • Jumbo & High Balance Loans – For properties exceeding standard loan limits.

  • HELOC (Home Equity Line of Credit) – Access your equity for renovations, debt consolidation, or cash flow.

  • Piggyback Loans – Combine two loans to avoid mortgage insurance or cover higher property values.

  • Interest-Only & 40-Year Terms – Maximize monthly affordability.

  • Second Mortgages, BK & Foreclosure Options – For credit-challenged borrowers with recovery strategies.

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Trace David, Mortgage Loan Originator NMLS# 2571377, Louisiana, United States.

NEXA Mortgage, LLC NMLS# 1660690

Corporate Address: 3100 W Ray Rd Ste 201 Office #209, Chandler, AZ 85226

1st Phase Empowered By NEXA Mortgage is not affiliated with any government agency, including the VA, FHA, or the HUD. Equal Housing Lender.