NMLS #63021|Licensed in NJ · PA · FL Call or text (609) 665-3460dhutchison@nexalending.com
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Loan programs

The right loan depends on you, not on what one bank sells.

Here’s a plain-English overview of the programs I work with most. Guidelines vary by lender, and I’ll match your scenario to the ones that fit.

Apply NowGet a quick quote or call (609) 665-3460

Conventional loans

Good credit

Conventional loans follow Fannie Mae and Freddie Mac guidelines and work for primary homes, second homes, and investment properties. With a strong credit profile they’re often the most flexible option, and borrower-paid mortgage insurance can be removed once you reach enough equity.

  • Primary, second home, or investment property
  • Mortgage insurance can be removed as equity grows
  • First-time buyer versions with income-based features

FHA loans

Flexible credit

FHA loans are insured by the Federal Housing Administration, which lets lenders use more forgiving credit and debt-to-income guidelines. They’re a popular choice for first-time buyers.

  • More flexible credit guidelines
  • Gift funds allowed toward down payment
  • FHA Streamline refinance available later

VA loans

Veterans

VA loans are guaranteed by the Department of Veterans Affairs for eligible veterans, service members, and surviving spouses. There’s no monthly mortgage insurance, and many disabled veterans are exempt from the funding fee.

  • Purchase, IRRRL, and cash-out options
  • No monthly mortgage insurance
  • 2–4 unit properties if you live in one unit
More about VA loans →

First-time homebuyer

First home

Not a single loan so much as a game plan: pairing you with the right first mortgage, assistance where it’s available, and a clear picture of cash to close.

  • Conventional, FHA, or VA depending on your profile
  • Homebuyer education guidance
  • Step-by-step walkthrough to closing
More about First-time homebuyer →

Down payment assistance

Cash to close

State housing finance agencies and local governments in NJ, PA, and FL offer assistance with down payment and closing costs, paired with an eligible first mortgage.

  • Grants, forgivable loans, or deferred seconds
  • Income and purchase price limits apply
  • Availability changes throughout the year
More about Down payment assistance →

Bank statement loans

Self-employed

A non-QM option that calculates income from 12 or 24 months of bank deposits for self-employed borrowers.

  • Personal or business statements
  • Primary, second home, or investment
  • No tax returns used to qualify income
More about Bank statement loans →

DSCR loans

Investors

A non-QM investment property loan that qualifies based on the property’s rent compared to its full monthly payment.

  • 1–4 unit rentals; some short-term rentals
  • LLC ownership often allowed
  • No personal income documentation
More about DSCR loans →

Refinance & cash-out

Homeowners

Refinance to change your rate or term, take cash out, consolidate debt, or remove mortgage insurance.

  • Rate-and-term and cash-out
  • VA IRRRL and FHA Streamline
  • Break-even analysis before you decide
More about Refinance & cash-out →

Program availability, guidelines, and terms vary by lender and are subject to change. All loans are subject to credit approval and property eligibility.

Quick quote

Not sure which program fits?

Share a few details and I'll reach out, usually the same business day, to talk through options. This is a conversation, not an application — no Social Security number and no credit pull.