Charles Beuglet, mortgage broker in Waco, Texas
Charles Beuglet · NEXA Lending
Mortgage Loan Originator · NMLS #1072421

One lender says no.I have 300 more.

Most loan officers work for a single lender. When that underwriter declines your file, the deal is over. I'm a broker — I move the file instead.

300+Lenders, not one
FastPre-approvals, often same day
LocalWaco & Central Texas
The broker difference

What happens when a file gets declined

A retail lender has one set of guidelines and one underwriter. A broker has options. Same borrower, same paperwork — a different set of rules.

RETAIL LENDER YOUR FILE ONE UNDERWRITER DECLINED BROKER YOUR FILE DECLINED HERE LENDER 2 LENDER 3 LENDER 4
Loan programs

Find the right program

Tap any program for what it takes and who it fits. Broker access means the list isn't limited to one bank's shelf.

Down paymentAs low as 3% for qualifying first-time buyers
Who it fitsBorrowers with solid credit

A conventional loan is a mortgage that is not insured by a government agency. It is the most common loan type for borrowers with solid credit, and down payments start as low as 3% for qualifying first-time buyers. With 20% down, conventional borrowers avoid private mortgage insurance entirely — and when PMI is required, it automatically ends once sufficient equity is reached.

Benefits
  • Down payments from 3% for qualifying borrowers
  • PMI can be removed once you reach 20% equity
  • Available for primary homes, second homes, and investment properties
  • Flexible terms — 15, 20, and 30-year fixed or adjustable options
What to consider
  • Credit and debt-to-income standards are stricter than FHA
  • Loan amounts above conforming limits require a jumbo loan
Down paymentAs low as 3.5% with qualifying credit
Who it fitsBuyers with smaller down payments or imperfect credit

An FHA loan is a mortgage insured by the Federal Housing Administration, designed to make homeownership accessible to buyers with smaller down payments or imperfect credit. Down payments can be as low as 3.5% for qualifying borrowers, and credit requirements are more flexible than most conventional programs. FHA loans are a common choice for first-time home buyers, but they are not limited to first-time purchasers — repeat buyers can use them too, as long as the home will be a primary residence.

Benefits
  • Down payment as low as 3.5% with qualifying credit
  • More flexible credit score and debt-to-income requirements
  • Gift funds from family may be used toward the down payment
  • Competitive interest rates backed by FHA insurance
  • Options to refinance later through the FHA Streamline program
What to consider
  • FHA loans require a mortgage insurance premium (upfront and monthly)
  • The home must be your primary residence and meet FHA appraisal standards
  • Loan amounts are subject to FHA county loan limits
Down payment$0 down for qualifying borrowers
Who it fitsEligible veterans, active-duty service members, and certain surviving spouses

A VA loan is a mortgage benefit guaranteed by the U.S. Department of Veterans Affairs for eligible veterans, active-duty service members, and certain surviving spouses. Qualifying borrowers can purchase a home with no down payment and no monthly mortgage insurance. VA loans typically offer competitive rates and more flexible underwriting, making them one of the strongest home-financing benefits available to those who served.

Benefits
  • $0 down payment for qualifying borrowers
  • No monthly private mortgage insurance (PMI)
  • Competitive interest rates
  • Limits on certain closing costs a veteran can be charged
  • Reusable benefit — it can be used more than once
What to consider
  • A one-time VA funding fee usually applies (it can often be financed)
  • A Certificate of Eligibility (COE) is required — we can help you obtain it
  • The home must be your primary residence
Down paymentNo down payment for eligible borrowers
Who it fitsHomes in eligible rural and many suburban areas

A USDA loan is a mortgage backed by the U.S. Department of Agriculture for homes in eligible rural and many suburban areas. Qualifying borrowers can finance 100% of the purchase price — no down payment required. Income limits and property-location rules apply, so the first step is checking whether the home and your household income qualify.

Benefits
  • No down payment required for eligible borrowers
  • Competitive fixed interest rates
  • Lower mortgage insurance cost than many low-down-payment options
  • Flexible credit underwriting
What to consider
  • The property must be in a USDA-eligible area
  • Household income must fall within USDA limits for your county
  • The home must be your primary residence
Down paymentTypically 10–20%
Who it fitsHigher-priced homes above conforming limits

A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency. It is the financing tool for higher-priced homes that conventional conforming loans cannot cover. Because jumbo loans are larger, lenders look more closely at credit, reserves, and income — strong documentation is the key to a smooth approval.

Benefits
  • Finance amounts above conforming loan limits in a single mortgage
  • Fixed and adjustable-rate options
  • Competitive rates for well-qualified borrowers
  • Available for primary residences and second homes
What to consider
  • Higher credit score and cash-reserve requirements
  • Larger down payments are typical (often 10–20%)
  • Full income and asset documentation is required
Down paymentTypically 20%+
Who it fitsReal-estate investors

A DSCR (Debt Service Coverage Ratio) loan qualifies real-estate investors based on the property's rental income rather than personal income documents. If the property's rent covers its mortgage payment, it can qualify — no tax returns or W-2s required.

Benefits
  • Qualify on rental income, not personal tax returns
  • Ideal for self-employed and portfolio investors
  • Finance in an LLC in many cases
  • Scale a rental portfolio without traditional income limits
What to consider
  • Down payments are typically 20%+
  • Rates run slightly higher than owner-occupied loans
  • For investment properties only — not primary residences
Down paymentLow FHA down payment requirements apply
Who it fitsBuyers of homes that need work

An FHA 203(k) loan lets you finance both the purchase (or refinance) of a home and the cost of its renovation in a single mortgage. It is designed for buyers who see potential in a property that needs work. There are two versions: the Limited 203(k) for smaller cosmetic projects and the Standard 203(k) for major structural renovations.

Benefits
  • One loan covers the home price and renovation budget
  • Low FHA down payment requirements apply
  • Turn a fixer-upper into your ideal home with built-in financing
  • Refinance and remodel your current home in one step
What to consider
  • Renovation work must be completed by approved contractors
  • FHA mortgage insurance applies
  • Standard 203(k) projects require a HUD consultant
TermCommonly 30, 20, or 15 years
Who it fitsBorrowers who want payment certainty

A fixed-rate mortgage keeps the same interest rate — and the same principal-and-interest payment — for the entire life of the loan. It is the most popular mortgage structure in the United States because of its predictability. Common terms are 30, 20, and 15 years: longer terms lower the monthly payment, shorter terms reduce total interest paid.

Benefits
  • Payment never changes — easy long-term budgeting
  • Protection against rising interest rates
  • Available across FHA, VA, USDA, conventional, and jumbo programs
What to consider
  • Initial rates are usually higher than an ARM's introductory rate
  • Lowering your rate later requires refinancing
Term30 years, fixed
Who it fitsBuyers wanting the lowest fixed payment

The 30-year fixed mortgage is America's most popular home loan: one stable rate and payment spread over 30 years for the lowest practical monthly cost on a fixed-rate product.

Benefits
  • Lowest monthly payment among fixed-rate terms
  • Payment certainty for the life of the loan
  • Extra principal payments can shorten the loan without refinancing
  • Available across nearly every loan program
What to consider
  • More total interest than shorter terms
  • Equity builds more slowly in the early years
Term15 years, fixed
Who it fitsBorrowers who can carry a higher payment

A 15-year fixed mortgage pays the home off in half the time of a traditional 30-year loan, with a rate that never changes. Borrowers typically receive a lower interest rate than the 30-year equivalent and pay dramatically less total interest.

Benefits
  • Lower interest rate than comparable 30-year loans
  • Own your home outright in half the time
  • Build equity much faster
  • Large lifetime interest savings
What to consider
  • Monthly payments are higher than a 30-year term
  • Less monthly flexibility — make sure the payment fits your budget
Fixed periodCommonly 5, 7, or 10 years
Who it fitsShorter ownership horizons

An adjustable-rate mortgage starts with a fixed interest rate for an initial period — commonly 5, 7, or 10 years — and then adjusts periodically based on market conditions. The initial ARM rate is typically lower than a comparable 30-year fixed rate. ARMs fit borrowers who plan to sell, refinance, or pay off the loan within the initial fixed window.

Benefits
  • Lower initial rate than most fixed-rate options
  • Rate caps limit how much the rate can change at each adjustment
  • Smart fit for shorter ownership horizons
What to consider
  • Payments can rise after the fixed period ends
  • Budgeting requires understanding the caps and adjustment schedule
Monthly paymentNo monthly mortgage payments required
Who it fitsHomeowners aged 62 and older

A reverse mortgage — most commonly the FHA-insured Home Equity Conversion Mortgage (HECM) — lets homeowners aged 62 and older convert part of their home equity into cash, a credit line, or monthly payments, without selling the home or making monthly mortgage payments. The loan is repaid when the homeowner sells, moves out permanently, or passes away. Borrowers remain responsible for property taxes, insurance, and upkeep.

Benefits
  • No monthly mortgage payments required
  • Stay in your home while accessing its equity
  • Funds available as a lump sum, credit line, or monthly draw
  • FHA-insured HECMs include borrower protections and required counseling
What to consider
  • The loan balance grows over time as interest accrues
  • Heirs settle the loan, usually by selling or refinancing the home
  • Property taxes, insurance, and maintenance remain your responsibility
StructureSBA 7(a) and SBA 504 programs
Who it fitsSmall-business owners

SBA loans are small-business financing programs partially guaranteed by the U.S. Small Business Administration, most commonly the SBA 7(a) for general business needs and the SBA 504 for owner-occupied commercial real estate and equipment.

Benefits
  • Lower down payments than most conventional business financing
  • Longer repayment terms keep monthly payments manageable
  • Can fund real estate, equipment, working capital, or acquisitions
What to consider
  • Documentation and approval take longer than standard loans
  • Personal guarantees are typically required

Down payment assistance

Texas has first-time buyer and down payment assistance programs that many buyers never hear about. Worth a five-minute call to see if you qualify before ruling anything out.

Ask about DPA
Tools

Find your monthly payment

What does your monthly mortgage payment look like for you? Get an estimate with some basic information.

TAP ABOVE TO OPEN THE CALCULATOR

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Estimated monthly payment
$2,556
Apply now
Monthly payment$2,556
Loan amount$280,000
How is my monthly payment calculated?
Principal & interest$1,770
Property insurance$150
Property tax$525
HOA fees$0
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Applied while the balance is above 80% of the purchase price.
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Estimated monthly payment
$2,701
Principal & interest$1,991
Monthly PMI$131
Monthly taxes$525
Monthly insurance$150
Monthly HOA$0
PMI ends
Total PMI paid
Payment after PMI drops
Total paid
#DatePaymentPrincipalInterestBalance
Mortgage details
Loan amount
Down payment
Total interest paid
Total PMI paid
Total taxes paid
Total home insurance paid
Total of 360 payments
Loan payoff date
Monthly vs. biweekly
Monthly payment
Biweekly payment
Monthly payoff date
Biweekly payoff date
Total interest — monthly
Total interest — biweekly
Total interest savings

A calculator is a starting point, not a quote. For numbers based on your actual credit and today's pricing, I can prepare a personalized estimate — call 254-400-4669.

Getting there

From application to keys

A mortgage doesn't have to be confusing. I keep the process transparent from pre-approval to closing, so you always know what's done, what's next, and what's needed from you.

CHOOSE A TAB ABOVE FOR MORE INFORMATION

01

Pre-approval

Credit, income, and assets reviewed up front.

02

Application and rate lock

Once you have a property.

03

Processing

Documents verified, appraisal ordered.

04

Underwriting

The lender's final review and approval.

05

Clear to close

Final figures, signing, and funding.

What you'll need

Having your paperwork ready is the fastest way to a smooth approval. Here is what lenders typically ask for; I'll confirm the exact list for your loan.

  • Government-issued photo ID
  • Pay stubs covering the last 30 days
  • W-2s and federal tax returns (last 2 years)
  • Bank and asset statements (last 2 months)
  • Self-employed: business returns and profit-and-loss statement
Call 254-400-4669 to get started →
Get started

Where do you want to start?

Three ways in. If you're not sure which fits, call and we'll figure it out in ten minutes.

01 / BUY

Buying a home

Purchase and refinance. Get pre-approved so your offer isn't the slow one on the table — fast turnaround, often the same day.

Start application
02 / EQUITY

Tapping your equity

A HELOC lets you borrow against the value you've already built, without touching the rate on your first mortgage.

Apply for a HELOC
03 / DECLINED

Turned down elsewhere

Self-employed, investor, past credit event? A decline at one lender isn't a decline everywhere. Worst case, I tell you it won't work.

Call 254-400-4669
For real estate agents

Send me the ones others turned down

I was a realtor before I did this. I know exactly what it costs you when financing dies two weeks before closing.

Fast pre-approvals

Often same day. Send someone over and I get moving on it right away.

My cell, weekends included

You get me, not a call center queue on a Saturday.

You hear it from me first

If a file turns, I call you — not your panicking client.

Call 254-400-4669

Let's find out what's possible

Whether you're buying, refinancing, or were told no somewhere else — a conversation costs you nothing.