NEXA Mortgage, LLC

Apply Now Call us now

AOI Products

VA Loan

USDA Loan

Reverse

Conventional

FHA (FA & FB)

Construction Loans

Investment Property

Jumbo Loans

Commercial

Welcome to NEXA Mortgage, LLC

200 +/- Wholesale Residential, Commercial, & Reverse Mortgage Lenders

Choose Us

Why Choose Raymond Duncan at Nexa Mortgage LLC

My knowledge is exceptional in the mortgage industry, I love to ask a simple question. "Do I control my own rates?" Let me explain this. 1. I have wholesale rates with 200+/- wholesale lenders. 2. With multiple lenders, I have lenders who offer mortgage rate discounts as incentives to use a specific lender. These discounts can be huge at times, as one may try to outprice everyone else. It's my choice to take you to a specific lender or not. 3. I can choose rates below Wholesale Rates to get better prices for various reasons. I choose to do this to get a better rate. This works best when the seller is paying at least 2.5% closing costs. 4. I earn Partner Points based on production volume. These funds can be used to buy rates down at my discretion. I ask you, "Do you think I control my own mortgage rates?" I treat each deal as if it is my own deal. I know where the specials are and what the best options are.

Raymond knowledge is exceptional in the mortgage industry. He loves to ask a simple question. "Do I control my own rates?"
1. He has wholesale rates.
2. With multiple lenders, Raymond has lenders who offer mortgage rate discounts. These discounts can be huge at times. It's Raymond's choice to take you to a specific lender or not.
3. Raymond can choose rates below Wholesale Rates to get better prices for various reasons. It's Raymond's choice to do this to get a better rate.
4. Raymond earns Partner Points from certain lenders due to volume. These funds can be used for various reasons. One of the reasons these funds can be used is to buy his client's rate down. Raymond does this at his own discretion
I ask you, "Do you think Raymond controls his own mortgage rates?" Raymond takes his deals personally, as if it's his own deal. He knows where the specials are and what the best options are

AIO Home Loans

While there is controversy about this product, there is certainly an unbelievable result. Some will call this an Equity Line, while others state that it's clearly a mortgage. Regardless, with this product you could see a significant difference on the accelerated payoff on your home.

VA Loans

Available on purchase and refinance loans and may go to 125% LTV. Call for details.

USDA Loans

Add Credit scores accepted 580-850 no money down, seller credits accepted. Call (540) 940-3304 for more details....

Reverse Mortgages Home Loans

Are you ready to stop making a mortgage payment? A Reverse Mortgage may be the solution. Did you know a person can put 50% at the age of 55 on a primary residence purchase and have no house payment?

Conventional Home Loans

... Call 540-940-3304 for more details....

FHA Loans

Credit scores accepted: 0-3.5% down, (500-579 re-established scores; 10% down), 580-850 credit scores- 3.5% down. Down Payments may come as a Gifted from the following sources.
a. Family / Friends
b. Assets such as 401k / Investment Funds
c. Anything with a title you can pull cash out of such as a car, boat, motorcycle, land etc.
d. With a 580+ we prove forgivable, and repayable Down Payment Assistance.
e. Equity in the home from a blood related family member

Construction loans

While we have multiple lenders who do construction loans, here is a taste. One thing to keep in mind though. Let's talk about this before you complete the application. This one lender here only does conform loan limits. For larger loan amounts we'll use other lenders . Call 540-940-3304 for more details. (link to apply)

Investment Home Loans

This product uses the rent to cover the mortgage payment when someone puts 20% down. So as long as the average rent for the area is sufficient to cover the payment, then no job or other income is needed. In addition, if you choose to provide supporting income, you can put as little as 15% down on an investment property… Call 540-940-3304 for more details. (link to apply)

Jumbo Home Loans

While many lenders require a 720-740 credit score for a Jumbo Loan, we start with a credit score 680. Our lenders vary with this product and it may be a case by case outcome. Regardless, we have wholesale rates to say the least. Call 540-940-3304 for more details.... (link to apply)

Commercial Lending

We have multiple commercial lenders. Some will take small projects, and some will take super larger projects. Some allow late payments in addition. Finance includes almost any type of unique property, business facility, church, school, or even a golf course to state just a few… Just give me a call and let's find a solution to your commercial needs. Call for more details, (contact me @ 540-940-3304, so I can understand your deal before applying). Call 540-940-3304 for more details. (link to apply)

Land Loans

As you may know, land loans can be difficult. In some cases the down payment may be as much as 50%. In other cases, the type of land may be an un-financeable issue. In other cases the loan amount may be too large. For these situations we may have a solution. Call for more details. (to apply, please call me direct 540-940-3304)

Bank Statement Home Loans

This product is normally for self-employment borrowers. We simply use the bank deposits as income. While only months of statements may be used, the best outcome is with 24 months of bank statements. With many lenders offering this product, some use business bank statements, while others will use both personal and business bank statements. Call 540-940-3304 for more details . (click link to apply)

Asset Based Home Loans

This loan is based on what I call sitting money. It's money in the bank or in a retirement account. We take these funds and divide the funds into monthly income. Once calculated, that monthly income becomes buying power. Call 540-940-3304 for more details. (click link to apply)

AIO Home Loans

Investment Home Loans

FHA Loans

Credit scores accepted: 0-3.5% down, (500-579 (re-established) scores; 10% down), 580-850 credit scores- 3.5% down. Down Payments may come as a Gifted from the following sources.
a. Family / Friends
b. Assets such as 401k / Investment Funds
c. Anything with a title you can pull cash out of such as a car, boat, motorcycle, land etc.
d. With a 580+ we prove forgivable, and repayable Down Payment Assistance.
e. Equity in the home from a blood related family member

USDA Loans

Add Credit scores accepted 580-850 no money down, seller credits accepted. Call (540) 940-3304 for more details....

Reverse Mortgages Home Loans

Are you ready to stop making a mortgage payment? A Reverse Mortgage may be the solution. Did you know a person can put 50% at the age of 55 on a primary residence purchase and have no house payment?

Conventional Home Loans

90% LTV; min credit score 680 for site built, 700 for manufactured homes Call 540-940-3304 for more details....

Construction loans

VA Loans

Available on purchase and refinance loans and may go to 125% LTV. Call for details.

Jumbo Home Loans

Commercial Lending

Land Loans

Bank Statement Home Loans

Asset Based Home Loans

About Us

Raymond Duncan has been in the mortgage business since the late 1990s. Today with access to 200 +/- Wholesale Residential, Commercial, and Reverse Mortgage products, Raymond has knowledge of the mortgage business more than most in the mortgage industry today. Raymond can simply find a solution and will go the extra mile to find the right solution. Raymond asks his clients to shop his Rates, and shop his Closing Costs.

Nexa Mortgage LLC is currently the largest mortgage brokerage company in the USA. Raymond started with this company in March of 2022. Raymond says with the ability to accept credit scores of 0, and 500-850 this simply opens up more opportunities. Raymond loves the ability to have access to so many niche products. At Nexa Mortgage thinking outside of the box is Raymond's love for the mortgage industry.

Did you know? One can buy a home at age 55 with 50% down and no house payment with a Reverse Mortgage. Otherwise the older one is, the higher the LTV is with no house payment. The owner must pay taxes, insurance, and upkeep the house; along with remain living in the home too. Let’s talk more about this 540-940-3304

Call US Now

Change everything

Providing best services to you

NEXA Mortgage, LLC distinguishes itself as the preeminent mortgage brokerage firm in the USA, offering a comprehensive range of services to cater to the diverse needs of prospective homeowners.

Apply Now

USDA

Credit Scores of 580-850 no money down

FHA

Credit Scores of 0- 3.5% down, 500-579 (10% down) 580-850 (3.5% down or down payment assistance available)

Conventional

Credit Scores of 620-850 (1% to 3% down); a zero score with 20% down can get a loan amount up to $5,000,000.00

VA

Credit Scores of 0,or 500-850 no money down on purchase or refinance up to 100% LTV

Jumbo

Credit Scores of 680-850 accepted New Home Construction Loans with no money down option available...

Sweet Willow Lane Fairfax VA 22030

Purchase price $902,123.00, closed on 7/15/2022. This client came to me with a DTI well in excess on any limit acceptable. I saw that several other lenders had pulled this client’s credit already. So, I began to to think quickly. I noticed that this client worked for The Depart of Defense. While the credit score was fine, and the employment history was lengthy, the DTI was a serious problem. I called this client and asked could she get a higher paying job in the same field of work as a W-2 employee? My client replied yes. This client was then able to quickly get a much higher pay offer, which in turn satisfied the Debt to Income needs. We then used the Offer Letter and closed the loan. We received the first pay stub 30 days after closing. This was an FHA Loan in a High-Cost Area.

Hungarytown Rd Crewe, VA 23930

Purchase price was $722,000.00, closed on 1/18/23. This client owned a home with a VA Loan on it. She tried to sell it herself so she could capture the $50,000.00 profit. Long story short, she had to owner finance it. So, then she could not qualify for a VA Loan on the new house due to other issues, and this home did not qualify for FHA or USDA either. So, we were left with Conventional Financing as the only choice. This client had no money on hand, and needed $21,660.00 for the down payment, plus she needed another 12,000.00 or so for closing costs… So the least I could do was 3% down but a first time home owner was required. We put her 18 year old daughter on the loan, and we then were eligible for 3% down Conventional Financing.

To secure the down payment, this client refinanced a vehicle to have the down payment funds. The seller gave $21,660.00 in seller credits and I gave just over $12,000.00 in lender credits. Once this loan was submitted, we then received the contract. It was at that time that we learned of an addition to the contract. There was about 40 acres that was owner financed. So, at this point my DTI was out of line. I had locked the loan. The lender called and wanted to fix the deal. Keep in mind, my client searched high and low, and knew the rate I offered was not going to be beaten. So, as I spoke with this lender, I expressed the commitment to this deal, and how my client had an addition full time job that we were unable to count the income on. After 30 minutes, my lender dropped this rate another quarter percent to get the DTI in line. This deal started off smoothly. We did have a dispute over one acre of land, but it was resolved within 3 days. At closing there was about $7,000.00 in excess funds. While these funds are almost never seen by the buyer, the contract was written so the buyer would receive the funds. My client received credit towards the down payment in the amount of like $7,000.00. This client only need to bring like $14,000.00 to the table instead of $21,660.00.

Carolina Ct Anderson SC 29631

Purchase price $262,574.00, closed on 5/4/2023. This was a USDA loan. This client was well fit and set for this purchase. The seller payed all the closing costs and I provided $2,222.36 in Lender Credits. The rate assigned here is just below 5.1251% on a 30 year fixed USDA Home Loan with no money down…You were not seeing rates like this during this time, I’m sure of that.

Powderhorn Dr Spotsylvania, VA 22553

The purchase price was $539,900.00, closed on 8/11/2022. This client planned to sell their current home, and purchase a new home. They expected to net about $50,000.00 from the sell of their current home. So, I received the new purchase contract. I realize immediately that my client could hold both mortgage with no problem. I did not know who was doing the loan on their current home. I told the the selling agent, that this was a simple 10 day closing, that this file was super clean. I then asked could the other lender close in 10 days. She put both of us on a 3 way call. She asked me how quick could I close, I replied 10 business days. She then asked the other and he stated the same thing. I began my process and had my appraisal back in 6 days, with the title. I told my client the other lender was not going to close in 10 days. I expressed to them that it’s going to be difficult to close both these deals on the same day since the loans were with separate lenders.

On day 9, the appraisal with the other lender wasn’t even ordered. I expressed to my client that if you are waiting for the $50,000.00 down payment to come from that house, this process could take a while. I also stress to them that there were two options so they could close quicker. Option one was they could pull the down payment funds from their 40K plan and pay themselves back their own set interest, after speaking with an accountant. Option two was they could do no money down and ask for a recast to put the money on the loan after it closes as if it were a purchase. Long story short, they pulled the money from their 401K plan, and we closed on day 14. I was told by the agent that the other loan took 40 days to close… This was their second VA Loan with both open at the same time…..

Purchase price $180,000.00, should close in the next 10 days. My client is buying an investment property. With 20% down and rent on the property enough to cover the payment, no additional income is needed. While my client was just turned down by a local credit union, I plan to close on two homes on the same piece of property. This is called a DSCR LOAN. As long as one puts 20% down, it’s an Investment Property and Rent covers the payment, then no additional income is needed. Reserves for 3 months are required for all properties owned. It can be placed in a personal name or
business name as long as the business is created before I submit the loan to the lender. I believe I’m about to also get this client an equity line with no proof of income. We’ll see about that next week. They need these funds to buy another investment property…Based on the credit score and the LTV position against their primary residence, I don’t think the system will ask for proof of income….

Mount Aetna Rd Hagerstown, MD 21740

Purchase price $235,000.00, closed 9/7/2023. This was a FHA Loan with down payment assistance. My client had just been turned down on another home, where the agent tried to tell us that home did not qualify for a USDA Loan, but it did. That agent refused to let us do a USDA Loan on this home,even after I had this loan approved. Why I still do not
understand. So, my client found another home. This home did not qualify for an USDA Loan, so we had to go FHA. My client did not have the 3.5% down payment needed, so we used the Down Payment Assistance Program. To get this rate as low as possible, my client agreed to bring $3,500.00 to the table. The seller was paying the closing costs.

Just days before the closing, we were trying to get bank statements to show proof of the $3,500.00 need for closing. It was a struggle and when we received the statements, there was no money in the bank accounts…..We had a complete file minus the funds need to close… To fix this problem, I quickly began removing fees. I removed the Processing Fee for $695.00, the Underwriting Fee of like $1,095.00, the Appraisal Fee of $605.00, the bank removed interim interest of like almost $500.00, the home owner insurance was paid outside of closing, and we also removed the Owner’s Title Policy. So, to sum it all up. This client, received down payment assistance, the seller paid the closing costs, and my client walked out of closing with $500.00 in his hands…..And the Appraisal Fee cost was waived completely, which I paid out of my own pocket plus the Processing Fee…..

Wythe Court Fredericksburg, VA 22405

Purchase price was $419,000.00, closed 1/9/24. I was contacted by these clients about three years prior. Over time they found house after house, and seemed to always get outbid every single time. I’d send a pre-approval and they never could get a signed contract. So, they called and asked for a new pre approval. While their pre-approvals in the past were in the 200s, they seemed to be confident of a much larger home this time. So, I received a signed contract on the home listed above. I had reviewed the credit many times in the past so I though not so much about it. We proceeded to get all the documentation in and I realized they had changed jobs, and that this purchase price was just fine.

So I then realized, I need to update the credit report, that the one I has was too old… When I updated it I saw 3 disputes. I explained to them that I had a lender that in the past would allow disputes and would often add disputes when needed. I also told them who the disputes we associated with and told them they may need to just pay them off. I knew I could offer lender credits and the seller was paying 2.25 points in closing costs…. So, long story short. This was a VA Loan and they put $2,000.00 down. Knowing they may need money for the disputes, I set the loan at 100% LTV. My client paid off the thee disputes which was a total of about $800.00. I paid the credit report out of my pocket to remove the disputes off their credit report. That cost was I believe around $450.00. So then the title comes in, and I see three judgements. Well while living in Virginia, I realized something real quick. That is, they can slap a judgement against someone faster than you can count to one. And yes, this was exactly what had happened. So, we sent the receipts over to the title company and they were removed in like 3-4 days… This loan closed on the exact day that was initially set, and that was because of them and not us. We could have closed sooner, but they had some windows to replaced. They ordered windows and a few were broken, so we had to wait for that to be resolved, for the final inspection to be completed. This was a rehab loan and was done with an FHA Loan. The final inspection was done the same day they told us the windows were completed. We closed on the exact day they had requested. My client walked out of closing with like $700.00..,

This loan had two homes on the same piece of property. While both homes were rented out, this file possessed many issues. I knew going into it that it was going to be a tough loan. This loan did not require any additional income. As long as one is buying an investment property and puts 20% down, and the rent is normal for the area and covers the payment, then no additional income or employment is needed. There is no set limit to the number of homes one can finance. Obstacles on this Investment Property: a. Electrical issue on second property, with a few minor repairs that were needed. b. My client wasn’t sure where his down payment was to come from. c. Usage of funds being used from a business account and from an account of someone else. The problem was my client’s name was not on the account and the funds were not transferred. c. My client wanted to have the property in a business name, but the business was created just days before the application was submitted. Let me say I have multiple exceptions submitted and accepted to say the least. Now I challenge anyone to my Investment Loan Rates…..

Product 1

Construction Loans (This is from one of the many lenders we have)

a. VA- 100% LTV; credit scores needed: 620 for Site Built, 650 for
manufactured homes

b. USDA-100 LTV; credit scores needed: 650 for site built, 650 for
manufactured homes

c. FHA – 96.5% LTV; credit scores needed: 620 for site built, 650 for
manufactured homes

d. Conventional – 90% LTV; min credit score 680 for site built, 700
for manufactured homes

e. Other lenders may have other options, let’s find your solution…

Product 2

AIO Principal Paid First Mortgage

This is a comprehensive specialty product. While it is available
for Primary, Second, and Investment Properties the LTVs vary. To sum
this product up, it goes like this. The max LTV is 90%, the max DTI
is 43%, and the max reserves are 15 months. This product is used for
PURCHASE, REFINANCE and CASH OUT. The max loan amount is
$3,000,000.00, and the minimum credit score needed is 700. While it
allows one to pay principal first, there are great advantages, and the
ability to pull cash out over 30 years. This is not an equity
line…On caveat, is that the Mortgage Insurance when applicable has
to be paid out of pocket…. Call before making assumptions on this
product. I will need to know your situation specifically before
agreeing to any terms listed here…

This may be the best product of all. This is a 30 year note, which
allows a revolving line of credit for 30 years. The average payoff is
10-12 years.

We take the monthly deposits and that becomes the income. This is normally a solution for the self-employed. Depending on the loan amount, credit score, and deposits; this will determine how many monthly bank statements will be needed. They could be business or personal, or both combined.

This is used when one has large sums of cash in the bank. Say someone has 500k in the bank. We”ll take the 500k and divine it up into monthly income. That then becomes income needed to make a purchase.

Prominent NEXA Mortgage Logo, click here
Corporate Address (3100 W Ray Rd STE 201 Office # 209, Chandler, AZ 85226.) OR your licensed Branch Address, if applicable
Corporate NMLS #: 1660690
LO NMLS # number must be beside the personal name
NMLS Consumer Access Link, click here
Company State License #: AZMB – 0944059 -(only if you have an AZ license)
Equal Housing Lender Logo click here

Did you know one can get a Reverse Mortgage at age 55. Yes, on a purchase with 50% down, a Reverse Mortgage can be done with no house payment.

As one’s age increases, the loan to have increases. The conditions are as follows: a. The owner must remain living in the home b. The owner must maintain the upkeep on the home. c. The owner must pay all fees associated with the home, ie. Tax, Insurance, HOAs.

Click Here to Apply

Step 1(b). Do not let anything change during this process. Do not give anyone your social, do not finance anything at all, do not change your job or job schedule. If anything is of question, lease let me know in advance.
Step 2. Once your income and credit is reviewed, you will receive a Preapproval letter
Step 3. Meet up with your Real Estate Agent. If you don't have one, I have a few available
Step 4. Once the contract is signed, my team and I will walk you smoothly through the buying process
Step 5. You loan gets a conditional approval. You then satisfy all documentation requirements while the appraisal
Step 6. Once all of step 4b is completed, you then receive your Closing Disclosure/AKA CD. This shows more accurately the funds needed to bring to closing. This is the down payment, and closing costs if any
Step 7. This is where the real excitement begins. All information is reviewed and accepted, you then receive a Clear to Close / AKA CTC notice. Three days after you are going to your closing. Once the papers are signed, you simply grab your keys...
Step 8. Hug your family, be proud, and grow your most sacred pride in life; family with love

All products and programs final decisions are subject to credit and underwriting approval All products are subject to be canceled or modified without notice.

CALL NOW

Why Choose Raymond Duncan at Nexa Mortgage LLC

Areas We Serve

AIO Home Loans

VA Loans

USDA Loans

Reverse Mortgages Home Loans

Conventional Home Loans

FHA Loans

Construction loans

Investment Home Loans

Jumbo Home Loans

Commercial Lending

Land Loans

Bank Statement Home Loans

Asset Based Home Loans

Providing best services to you

AIO Home Loans

Investment Home Loans

FHA Loans

USDA Loans

Reverse Mortgages Home Loans

Conventional Home Loans

Construction loans

VA Loans

Jumbo Home Loans

Commercial Lending

Land Loans

Bank Statement Home Loans

Asset Based Home Loans

Providing best services to you

USDA

FHA

Conventional

VA

Jumbo

Exceptional Closings

Sweet Willow Lane Fairfax VA 22030

Hungarytown Rd Crewe, VA 23930

Carolina Ct Anderson SC 29631

Powderhorn Dr Spotsylvania, VA 22553

Mount Aetna Rd Hagerstown, MD 21740

Wythe Court Fredericksburg, VA 22405

Product 1

Product 2

First time home buyers

Products

Bank Statement Loans

Asset Based Lending

Construction Loans Matrix

Reverse Mortgages

A Step-by-Step Guide for Effortless Success

PHONE

EMAIL

OFFICE ADDRESS

CHANDELIER

Quick Links

Click Here To Apply