There is no single "best" mortgage. The right program depends on your credit, down payment, income, and the home itself. Here's a clear comparison of every major loan program available through Bryan Jones at NEXA Lending.
Low down payment, flexible credit.
Government-insured loans designed for first-time and credit-challenged buyers. 3.5% down with a 580 credit score; sometimes 10% down with a 500 score.
0% down for veterans and active duty.
Guaranteed by the Department of Veterans Affairs for eligible service members, veterans, and surviving spouses. No down payment, no PMI, and competitive rates.
0% down in eligible rural/suburban areas.
Backed by the U.S. Department of Agriculture for income-qualified buyers in eligible rural and many suburban areas — including large parts of Missouri.
The flexible default for most buyers.
Loans that conform to Fannie Mae / Freddie Mac guidelines. Best rates for borrowers with 680+ credit and 5%+ down. PMI cancellable at 20% equity.
For loan amounts above conforming limits.
Mortgages that exceed the FHFA conforming loan limit. Tighter underwriting, larger down payments, and stronger credit requirements — but competitive rates for qualified buyers.
Qualify with property cash flow, not tax returns.
Investment property financing for real estate investors — short-term rentals, Airbnb, multifamily, mixed-use, and long-term rentals. No W-2s, no tax returns; the property's rent qualifies the loan.