Products

AAXY Mortgage provides a wide range of loan programs tailored to fit your needs, including conforming, jumbo, FHA, VA, and investor-focused options.

Residential real estate loans generally fall into two main categories: government-backed loans and conventional loans:

Featured Product: No Income loans for Primary Home Buyers.

Just 20% down, plus proof of assets, reserves, and credit history.

Government-Backed Loans.

  • FHA Loans: This loan type allows borrowers to make a low down payment—typically 3.5%—and does not require a high credit score. Some lenders also offer down payment assistance programs, which can reduce the upfront cost to as little as 0–1%. However, these assistance options often come with higher interest rates.
  • VA Loans: Exclusively available to eligible veterans, active-duty service members, and certain surviving spouses. Buyers using a VA loan can purchase a home with no down payment required, making it one of the most accessible financing options for qualified borrowers.
  • USDA loans: Contrary to common belief, USDA loans are not limited to people working in agriculture. Instead, eligibility is based on the property’s location—it must be in a designated rural or suburban area approved by the USDA. These loans also allow qualified buyers to purchase a home with no down payment, making them an attractive option for low-to-moderate income households.

Above loan products are usually for primary home only.

Conventional loans:

Conventional loans are not backed by the government and are offered by private lenders. They fall into two main categories:

  • Conforming loans:A conforming loan is a mortgage that adheres to the guidelines established by Fannie Mae and Freddie Mac. These include limits on loan size, borrower creditworthiness, debt-to-income ratio, and property standards.
    • Loan Amount Limit: For 2025, the baseline conforming loan limit is $806,500 for a single-family home in Texas. Higher limits apply for multi-unit properties and designated high-cost areas (though Texas generally does not have those).

Eligibility Criteria:

      • Minimum credit score (typically 620 or higher)
      • Stable income and employment history
      • Acceptable debt-to-income (DTI) ratio
      • Property must meet appraisal and condition standards

Benefits:

      • Lower interest rates compared to non-conforming (jumbo) loans
      • Easier to sell on the secondary market, improving lender liquidity
      • May qualify for better pricing and terms due to standardized risk
      • Can be used for both primary home and investment properties.
  • non conforming loans

These loans do not meet conforming loan standards and are often used for unique borrower profiles or higher-priced properties.

    • Jumbo Loans: Used for loan amounts above conforming limits, typically for high-value properties. Most jumbo loans require strong credit, income, and asset documentation to secure competitive rates.
    • NON-QM loans :

These are typically offered by private lenders and come with a wide variety of terms and flexible documentation requirements.

      • Alt-Doc / Bank Statement Loans: Designed for borrowers who cannot document income through W-2s or tax returns. Acceptable documentation may include:
        1. 12 month or 24 month personal or business bank statements. Some lenders may use 2 – 3 month bank statements.
        2. CPA-prepared profit & loss (P&L) statements.
        3. Asset-Based income. Asset-based income (e.g., total liquid assets divided by 36 months).
        4. DSCR loans. For investment properties, using actual or projected rental income to qualify.
      • No Income loans: These loans do not require income documentation. Qualification is based on property value, credit history, and reserves:

AAXY Mortgage  offers a true no-income loan for primary residences, requiring a minimum 20% down payment and good credit history.

No-income (or no-ratio) loans are also available for investment properties.

      • Loans for Non-Warrentable condo. These are for condo units that do not meet Fannie Mae, Freddie Mac, FHA, or VA guidelines—often due to high investor concentration or litigation issues.
      • Hard Money loans: Typically used for properties in poor condition or for fix-and-flip projects. These are short-term, asset-based loans offered by private lenders.

All Loan products listed above are subject to change as time going. Please contact us for any of your loan need. Thanks.