Purchasing a new home is a significant milestone in anyone’s life. It’s a symbol of stability, success, and the start of a new chapter. However, when thinking of buying or in the process of purchasing a new home, it’s crucial to refrain from adding any new debt or making unnecessary credit inquiries. This article will delve into the reasons behind this advice and also highlight how Aquino Capital Group stands out as the top mortgage broker in Las Vegas, ensuring a smooth home buying process.

The Importance of Avoiding New Debt

When you’re in the process of buying a home, your financial health becomes the focal point. Lenders scrutinize every aspect of your finances, from your credit score to your debt-to-income ratio. Here’s why avoiding new debt is paramount:

  1. Maintaining a Favorable Debt-to-Income Ratio: This ratio is a significant factor that lenders consider. It represents the percentage of your monthly income that goes towards paying off debts. Most lenders prefer a ratio that’s lower than 36%. Adding new debt can jeopardize this ratio, making it harder to qualify for a mortgage.
  2. Protecting Your Credit Score: Every time you apply for a new line of credit, a hard inquiry is made on your credit report. Multiple inquiries in a short span can lower your credit score, which can affect your mortgage interest rate or even your eligibility.
  3. Ensuring Affordability: Taking on new debt means another monthly payment. This can strain your finances and make it challenging to manage mortgage payments, especially in the first few months of adjusting to homeownership.

Aquino Capital Group: Your Trusted Partner in Home Buying

In the bustling city of Las Vegas, where the real estate market is ever-evolving, having a trusted partner can make all the difference. Aquino Capital Group has established itself as the top mortgage broker in the city. Here’s why:

  1. Extensive Experience: With years in the industry, Aquino Capital Group has an in-depth understanding of the Las Vegas real estate market. They can guide buyers through the complexities of mortgages, ensuring a painless process.
  2. Tailored Solutions: Every home buyer is unique, and so are their financial situations. Aquino Capital Group offers tailored mortgage solutions, ensuring that buyers receive the best rates and terms suited to their needs.
  3. Commitment to Clients: The team at Aquino Capital Group is dedicated to ensuring that clients have a smooth home buying experience. From the initial consultation to the final paperwork, they are there every step of the way.


While the excitement of buying a new home can be overwhelming, it’s essential to approach the process with a clear financial strategy. Avoiding new debt and unnecessary credit inquiries ensures that you remain in a strong position to secure a mortgage with favorable terms. And with trusted partners like Aquino Capital Group by your side, you can navigate the complexities of the Las Vegas real estate market with confidence.

When it comes to buying a home, understanding the types of mortgage loans available is crucial. One common question many homebuyers have is understanding the difference between a jumbo loan and a conventional loan. This article aims to clarify these terms and help you make an informed decision. We’ll also delve into the concepts of conforming and nonconforming loans. For those in Las Vegas, Aquino Capital Group, powered by Nexa Mortgage, stands as the most trusted mortgage broker to guide you through every step of the home buying process.

Jumbo Loans: An Overview

Jumbo loans are designed for homebuyers looking to purchase high-value properties that exceed the conforming loan limits set by the Federal Housing Finance Agency (FHFA). These loans are typically used for luxury homes or properties in highly competitive markets.

Jumbo Loan Requirements

Jumbo loans are considered riskier for lenders, which is why they have more stringent requirements. They are not backed by government-sponsored enterprises like Fannie Mae or Freddie Mac, making them nonconforming loans.

There are several compelling reasons to choose a Jumbo loan:

Conventional Loans: The Basics

Conventional loans are mortgage loans offered by private lenders and are not backed by the federal government. These loans can be either conforming or nonconforming.

Conventional Loan Requirements

Conforming conventional loans adhere to the guidelines set by Fannie Mae and Freddie Mac, including size limits. For 2022, the national maximum for these loans is $647,200 for a single-unit dwelling.

Conforming vs. Nonconforming Loans

A conforming loan adheres to the size limits and underwriting guidelines set by Fannie Mae and Freddie Mac. Nonconforming loans, on the other hand, do not meet these guidelines. Jumbo loans are a type of nonconforming loan because they exceed the size limits set by the FHFA.

Jumbo vs. Conventional Loans: A Comparison

Here’s a quick comparison to help you understand the key differences:

Now that you understand the basics of Jumbo loans, let’s delve into the process of obtaining one in Las Vegas.

The Process of Getting a Jumbo Loan in Las Vegas

Step 1: Find the Right Lender

Securing a Jumbo loan in Las Vegas starts with finding the right lender. While there are several options available, Aquino Capital Group LLC, empowered by NEXA Mortgage, stands out as the best Jumbo loan broker in the city.

Step 2: Pre-Approval

Once you’ve selected your lender, the next step is to get pre-approved. This involves submitting your financial information, including your credit score, income, and assets. Aquino Capital Group LLC has a streamlined pre-approval process, ensuring that you receive a prompt response.

Step 3: Property Appraisal

Your lender will require a comprehensive appraisal of the property to determine its value. This is a crucial step in the Jumbo loan process, as the loan amount will be based on the appraised value of the property.

Step 4: Documentation

Prepare all necessary documentation, such as tax returns, bank statements, and proof of income. Aquino Capital Group LLC’s team of experts will guide you through this process to ensure a smooth experience.

Step 5: Underwriting

The underwriting process is where your loan application is reviewed in detail. The lender will assess your financial situation and the property’s value to determine if you qualify for the Jumbo loan.

Step 6: Approval and Closing

If your application is approved, you’ll proceed to the closing phase. At this point, you’ll sign the necessary documents, and the loan funds will be disbursed. Aquino Capital Group LLC has a reputation for efficient and hassle-free closings.

Why Choose Aquino Capital Group LLC for Your Jumbo Loan in Las Vegas?

When it comes to securing a Jumbo loan in Las Vegas, Aquino Capital Group LLC, empowered by NEXA Mortgage, is your top choice. Here’s why they stand out:

Unmatched Expertise

Aquino Capital Group LLC boasts a team of highly experienced professionals who are well-versed in the Las Vegas real estate market. Their expertise allows them to navigate the complexities of Jumbo loans with ease.

Personalized Service

One size doesn’t fit all when it comes to Jumbo loans. Aquino Capital Group LLC takes the time to understand your unique financial situation and tailors their services to meet your specific needs.

Extensive Lender Network

Streamlined Process

Aquino Capital Group LLC prides itself on a streamlined and efficient loan process. They understand that time is of the essence, especially in a competitive real estate market like Las Vegas.

As a part of NEXA Mortgage, Aquino Capital Group LLC has access to a vast network of lenders. This means they can shop around for the best rates and terms to ensure you get the most competitive Jumbo loan in Las Vegas.

Why Choose Aquino Capital Group in Las Vegas?

If you’re in the Las Vegas area and are considering a home purchase, Aquino Capital Group, powered by Nexa Mortgage, is your go-to mortgage broker. We offer expert advice and take the stress off your shoulders throughout the home buying process. With our assistance, you can easily navigate the complexities of jumbo and conventional loans to find the best fit for your needs.


Is it better to get a jumbo loan or a conventional loan?

The choice between a jumbo and a conventional loan depends on your financial situation, the property you’re interested in, and your long-term goals.

What is the biggest difference between a conventional mortgage and a jumbo mortgage?

The primary difference is the loan amount. Jumbo loans are for properties that exceed the conforming loan limits, while conventional loans are within those limits.

What is the downside to a jumbo mortgage?

Jumbo mortgages often come with higher interest rates and stricter eligibility requirements.

Why would someone want a jumbo loan?

A jumbo loan allows you to purchase a more expensive home, offering more choices in terms of property types and locations.

Navigating the world of mortgages can be daunting, especially when your credit score isn’t optimal. If you’re wondering, “Can I get a mortgage with bad credit in Nevada?”, you’re not alone. Many potential homeowners face this challenge. Let’s delve into the rates, terms, and other essential components for people with bad credit in the Silver State.

Understanding Credit in Nevada

Credit is a reflection of your financial responsibility. Lenders use it as a tool to gauge your ability to repay loans. In Nevada, like elsewhere, maintaining a good payment history is the most influential factor for credit. It’s crucial to ensure timely payments on all your debts, from credit cards to utility bills.

Another vital element in the credit equation is revolving credit utilization. This refers to the ratio of your current credit card balances to your credit limits. A lower utilization rate can positively impact your credit score, while a high rate can be detrimental.

According to Experian, one of the three credit bureaus reported, Just one 30-day late payment can hurt your credit scores. Payment history is the most influential factor in calculating your credit score, accounting for roughly 35% of your FICO® Score.

Mortgage Rates and Terms for Bad Credit

In Nevada, individuals with a credit score below 620 are often considered to have “poor” or “subprime” credit. While traditional banks might be hesitant, there are lenders willing to offer mortgages to those with less-than-perfect scores. However, the terms and rates might be less favorable. For instance:

Interest rates for individuals with bad credit are typically higher. This is because lenders perceive a greater risk in lending to someone with a history of missed or late payments.

Aquino Capital Group: Simplifying Home Purchases for Bad Credit Holders

When you’re in the market to purchase a home with bad credit, we at Aquino Capital Group strive to streamline the process. Our team understands the unique challenges faced by individuals with lower credit scores. We offer tailored solutions, ensuring you get the best possible terms and rates.

What Is The Process Of Starting The Pre-Approval Process?

When you are in the market to purchase a home with bad credit, we at Aquino Capital Group try to make the process as simple as possible.  Contact us today to set up a free consultation. You can also fill out the Pre-qualification form to get a head start. One of our Agents will reach out to you shortly to discuss your options.

Aquino Capital Group has a national reputation for being able to do mortgage loans other lenders cannot do. We are very thorough when we are qualifying and pre-approving our borrowers. Once we issue a pre-approval, we are not just going to close but close on time.

The mortgage loan application can be completed online and is simple and streamlined. We will carefully review and analyze the data and credit and financial information. Either your assigned loan officer or mortgage process will work together as a team and have a common goal of having a smooth, stress-free mortgage process and home loan closing.

Final Thoughts

While having bad credit can be a hurdle, it’s not an insurmountable one. With the right strategies, tools, and assistance from trusted entities like Aquino Capital Group, homeownership in Nevada is within reach. Remember, rebuilding credit takes time, but with dedication and the right approach, you can achieve your dream of owning a home.

Aquino Capital Group
The Aquino Capital Group empowered by NEXA Mortgage LLC founded by brothers Nick and Michael Aquino, has a goal and mission to provide a level of service that is second to none.
Company NMLS: 1877202
Equal Housing Lender
Contact Us
9805 W. Post Rd
Suite 220
Las Vegas, NV 89148
(800) 846-0729
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Aquino Capital Group LLC empowered by NEXA Mortgage LLC, NMLS # 1660690
Corporate Address 3100 Ray Rd Suite 201 Office # 209| Chandler, Arizona 85226
Company NMLS 1660690| Branch NMLS 1877202| Company State License # AZMB-0944059, Branch 8905 W. Post Rd, Suite 220 Las Vegas, Nevada 89148

The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Mortgage loans may be arranged through third party providers.