Michael Theut — Mortgage Loan Originator | DSCR, Investor & First-Time Buyer Loans

01 New fixed HELOC

Fixed rate. No appraisal.
Funded in 5 to 10 days.

A home equity line that doesn't make you give up the first mortgage you already have. Lock a fixed rate, skip the appraisal, and your rate and payment don't move for the first 12 months. Primary residences and investment properties both qualify.

Fixed rate advantage — lock it in, no surprises when prime moves
No appraisal required. Saves you time and money
No rate or payment increase for 12 months*
Funding in 5 to 10 days — quick access to your equity
Available for primary and investment properties
Your first mortgage rate stays exactly where it is

What people actually use it for

Debt consolidationRoll high-interest balances into one fixed payment.

RenovationFund the kitchen without refinancing the whole house.

The next propertyTurn equity you already have into the next down payment.

See what you could actually pull out Two sliders, no email, no credit pull — takes about 10 seconds.

Unlock my equity → Talk it through first

^*No payment increase during the first 12 months. After 12 months, interest-only payments are required with a minimum of $100.00. After the draw period, the loan will amortize over the remaining term. Borrower must qualify. Not all borrowers will qualify. Rates, terms, and conditions are subject to change without notice. Subject to credit approval. Appraisal waiver applies to qualifying files only. NEXA Mortgage LLC, NMLS #1660690 · Michael Theut, NMLS #2674789. Not a commitment to lend. Equal Housing Lender.

FixedRate locked in, not riding prime

5–10 daysTo funding on qualifying files

12 monthsWith no rate or payment increase*

NoneAppraisal needed on qualifying files

Equity calculator

How much could you
actually pull out?

Two sliders. No email, no credit pull, no form standing between you and the number.

What's the home worth $450,000

$100k$2M

Current mortgage balance $260,000

$0 (owned free & clear)$2M

Property type

Assumes lending up to 85% of value across all loans on the property.

Estimated line you could access

$122,500

Equity you have today$190,000

Max total debt at 85% of value$382,500

Less your current mortgage$260,000

Equity is what you own. The line is what a lender will actually let you borrow against it — the two are rarely the same number.

Unlock my equity →

Checking your options takes a few minutes and doesn't affect your credit score.

Want the real number instead of the estimate? Send it over and I'll tell you what you'd actually qualify for. No credit pull.

Got it — I'll be in touch within 24 hours.

Estimate only, for illustration. Your actual available line depends on the lender's valuation of the property, your credit, income, occupancy, property type, existing liens, and program guidelines — and may be higher or lower than shown. The loan-to-value figures above are assumptions, not a published program limit. This is not an offer or a commitment to lend. Equal Housing Lender.

02 Why me

I built the houses.
Now I fund them.

Before I touched a loan file I was a licensed general contractor — high-end bathrooms, gut renovations, new builds from slab to keys. I know what a project costs, what it's actually worth, and what it does to a family when the financing falls apart two weeks before closing.

"I can tell you every one of my borrowers by name. That's not a marketing line — it's how I run this."

That's the whole pitch. I'm not a call center and I won't hand you to a processor you've never met. The person who takes your first call is the person still answering at 8pm the night before you close.

I take the deals other originators pass on. Self‑employed with write‑offs. 1099. Foreign national. A rental that has to qualify on its own rent. A hard money loan with a clock running out. That's where a broker with 290+ lenders beats a bank with one rulebook.

Soy de Puerto Rico. Spanish isn't a checkbox on my website — it's my first language. Pre‑approval through closing, completamente en español si lo prefieres. Same service, same care, sin traductor.

40 seconds — who I am Michael Theut · NEXA Lending · NMLS #2674789

03 Loan programs

Whatever the deal —
I have the product.

QM loans originated in Florida. DSCR and Non‑QM investor products available in select states nationwide.

First-time buyers

FHA

As little as 3.5% down with flexible credit. The workhorse for first-time buyers across Polk County, Orlando, and Central Florida.

Up to $100K

Down Payment Assistance

Florida DPA can cover down payment and closing costs — some buyers get in with little to nothing out of pocket. Ask what you qualify for.

Veterans

VA

Zero down for eligible veterans, no monthly mortgage insurance. If you qualify, it's usually the strongest product on the board.

Strong credit

Conventional & Jumbo

30- and 15-year fixed, plus loan amounts above conforming limits. Best pricing for documented income — shopped across 290+ lenders, not one bank.

Nationwide · No income docs

DSCR

Qualify on the property's rent, not your personal income. No tax returns, no W2s. Credit from 620. The core of my investor business.

Non-QM

Self-Employed & 1099

Write-offs killing your qualifying income? Bank statement, asset depletion, P&L-only, foreign national and ITIN programs. Your accountant's job shouldn't cost you a house.

Investors · Time-sensitive

Hard Money Exit

Stuck in a bridge loan with a rate eating the deal? I move you into permanent financing before the clock runs out.

Home equity

HELOC

New fixed HELOC. No appraisal required, no rate or payment increase for 12 months, funding in 5 to 10 days. Primary and investment properties. Your first mortgage rate doesn't move.

See the HELOC →

Turned down?

The second-look file

A denial from one bank is one lender's guidelines — not a verdict. Send me the file. Sometimes the answer really is no, and I'll tell you that too.

Get a second look →

Rather just talk it through? Four taps and I'll call you. Or skip it and dial me directly.

Start questionnaire → Call

04 Today's board

Real rates. Real caveats.

Everybody posts a teaser rate they can't deliver. Here's the honest board — and your actual number depends on credit, LTV, occupancy, and loan type.

All 8 rates auto-refresh daily · 30/15-Yr from Freddie Mac PMMS national avg; other 6 calculated from today's baseline · Illustrative only · Not a commitment to lend

30-Yr Fixed6.875%APR 6.94%

15-Yr Fixed6.125%APR 6.21%

FHA 30-Yr6.625%APR 7.12%

VA 30-Yr6.375%APR 6.45%

DSCR7.375%Investor · no income docs

Jumbo7.125%APR 7.19%

Non-QM7.625%Self-employed

5/1 ARM6.500%APR 6.58%

30-Yr and 15-Yr Fixed figures are the Freddie Mac national average, refreshed automatically — not a rate Michael is personally offering. FHA, VA, Jumbo, DSCR, Non-QM, and ARM figures are calculated daily from that baseline using typical current spreads, and are illustrative estimates only, not a live lender quote. Your actual rate and APR depend on credit profile, loan-to-value, occupancy, property type, loan amount, and program. Not all applicants will qualify. This is not a commitment to lend. Equal Housing Lender.

Get my actual number →

05 Run the numbers

See the payment before
you talk to anybody.

No email required to use this. This is the exact principal-and-interest math every lender uses — not an estimate.

Home price $400,000

$75k$1.5M

Down payment 10% · $40,000

0%40%

Interest rate 6.875%

4%10%

Term

Principal & interest / month

$2,365

Loan amount$360,000

Down payment$40,000

Total interest over the term$491,364

Property taxes, homeowners insurance, HOA and mortgage insurance are not included — they vary by county and property. I'll give you the true all-in number.

Want the all-in payment and a real rate? Send me the scenario and I'll price it across 290+ lenders. No credit pull.

Got your scenario — I'll be in touch within 24 hours.

Not ready yet? Let the rate come to you.

Tell me your number. The day 30-year fixed hits it, you get one text from me — not a newsletter, not a drip campaign. One text.

Alert set — you'll hear from me the day it hits.

06 From my Instagram

The stuff your lender
isn't telling you.

I post this every week — short, straight, no fluff, in English and Spanish. Watch one before you talk to anybody about a loan. Including me.

Got denied?

Four rejections.
One approval.
Same borrower.

Your bank had one option. I shopped hundreds. A denial isn't a verdict on you — it's one lender applying one set of overlays to one snapshot of your file.

If somebody already told you no, that's the conversation I most want to have.

Get a second look → More on Instagram

Educational content only. Statements about program availability, credit minimums, and timelines are general and subject to lender guidelines and underwriting approval. Not a commitment to lend. Michael Theut · NMLS #2674789 · NEXA Mortgage LLC · NMLS #1660690 · Equal Housing Lender.

07 What actually happens

No mystery. No runaround.
Here's the whole process.

Most people avoid calling a lender because they don't know what they're walking into. So here it is.

Step 01 · Today

You tap four buttons

No credit pull, no application, no obligation. It just tells me what I'm looking at before we talk.

Step 02 · Within 24 hours

I call or text you myself

Not an assistant, not a dialer. We talk through your situation and what's realistic. If I'm not the right fit, I'll say so on that first call.

Step 03 · Same week

I shop it and show you options

Your scenario across 290+ lenders, back to you with real numbers — rate, payment, cash to close. In writing, so you can compare.

Zero risk

What it costs to find out

Nothing. No fee to talk to me, no fee to get shopped, no obligation before you sign. Worst case, you learn exactly where you stand.

Find out where I stand →

08 Straight answers

The questions people are
too polite to ask.

Why use a broker instead of my own bank?

Your bank has one rulebook. If your file doesn't fit it, the answer is no — and they don't have a second option to offer you. As a NEXA broker I shop the same file across 290+ lenders with genuinely different guidelines, pricing, and appetite for the exact situation you're in. That matters most when you're self-employed, buying an investment property, or have anything about your file that isn't textbook. Same paperwork on your end, materially more doors on mine.

What's a DSCR loan, in plain English?

It's an investor loan that qualifies on the property's rent instead of your personal income. No tax returns, no W2s, no debt-to-income calculation on you. If the rent covers the payment at the ratio the lender wants, the deal works. Credit floors start around 620, though better scores unlock better loan-to-value. It's how most serious investors keep buying after the conventional door-count limits cut them off.

I'm self-employed and my write-offs make my income look terrible. Am I stuck?

No — this is one of the most common situations I solve. Bank statement loans use 12–24 months of business or personal deposits instead of tax returns. Asset depletion qualifies you off your balance sheet. P&L-only programs use a CPA-prepared statement. Your accountant did their job minimizing taxable income; that shouldn't cost you a house.

Another lender already denied me. Is it worth trying again?

Often, yes. A denial is one lender applying one set of guidelines — not a universal verdict. As a NEXA broker I can shop your file across 290+ lenders with meaningfully different overlays. Send it over and I'll tell you straight whether there's a path. And if there genuinely isn't one yet, I'll tell you that too, along with what needs to change and roughly how long it'll take.

Does submitting the form pull my credit or commit me to anything?

Neither. The questionnaire is just information so I know what I'm looking at before we talk. No credit pull, no application, no obligation, and I don't sell or share your information. When you're ready to move forward, the actual application is a separate, deliberate step you take yourself.

¿Hablas español?

Sí — soy de Puerto Rico, así que el español es mi primer idioma, no un servicio contratado. Servicio completo desde la pre-aprobación hasta el cierre: documentos, explicaciones y llamadas en el idioma que prefieras. Mismo servicio, mismo cuidado, sin traductor. Solo dímelo cuando llenes el cuestionario.

Rather just talk it through? Four taps and I'll call you. Or skip it and dial me directly.

Start questionnaire → Call

Built different. Close different.

Got it — I'll be in touch.

Fixed rate. No appraisal.
Funded in 5 to 10 days.

How much could you
actually pull out?

I built the houses.
Now I fund them.

Whatever the deal —
I have the product.

FHA

Down Payment Assistance

VA

Conventional & Jumbo

DSCR

Self-Employed & 1099

Hard Money Exit

HELOC

The second-look file

Real rates. Real caveats.

See the payment before
you talk to anybody.

Not ready yet? Let the rate come to you.

The stuff your lender
isn't telling you.

Four rejections.
One approval.
Same borrower.

No mystery. No runaround.
Here's the whole process.

You tap four buttons

I call or text you myself

I shop it and show you options

What it costs to find out

The questions people are
too polite to ask.

You've read enough.
Let's find out what you can actually do.

Built different. Close different.

Got it — I'll be in touch.

Fixed rate. No appraisal.Funded in 5 to 10 days.

How much could youactually pull out?

I built the houses.Now I fund them.

Whatever the deal —I have the product.

FHA

Down Payment Assistance

VA

Conventional & Jumbo

DSCR

Self-Employed & 1099

Hard Money Exit

HELOC

The second-look file

Real rates. Real caveats.

See the payment beforeyou talk to anybody.

Not ready yet? Let the rate come to you.

The stuff your lenderisn't telling you.

Four rejections.One approval.Same borrower.

No mystery. No runaround.Here's the whole process.

You tap four buttons

I call or text you myself

I shop it and show you options

What it costs to find out

The questions people aretoo polite to ask.

You've read enough.Let's find out what you can actually do.

Before you go —

Fixed rate. No appraisal.
Funded in 5 to 10 days.

How much could you
actually pull out?

I built the houses.
Now I fund them.

Whatever the deal —
I have the product.

See the payment before
you talk to anybody.

The stuff your lender
isn't telling you.

Four rejections.
One approval.
Same borrower.

No mystery. No runaround.
Here's the whole process.

The questions people are
too polite to ask.

You've read enough.
Let's find out what you can actually do.