Frequently Asked Questions
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Direct answers to the questions asked most often about credit scores, down payments, rate locks, closing costs and how long approval takes.
Bob Patel, Mortgage Loan Officer at NEXA Lending. NMLS #103451. Call (612) 875-0622.
Bob Patel is a Mortgage Loan Officer at NEXA Lending (NMLS #103451). Expert mortgage loan originator in Minnesota helping first-time buyers, refinancing, and home purchases. Licensed #103451. Call (612) 875-0622 today.
Bob Patel is licensed to provide mortgage services in Minnesota.
Bob Patel offers a full range of mortgage services, including home purchase loans, mortgage refinancing, and first-time homebuyer programs for borrowers in Minnesota. FHA, VA, USDA, conventional, jumbo, and DSCR loan programs are available — compare options, secure competitive rates, and move smoothly from application through closing.
You can call (612) 875-0622 and email bobpatel@NEXALending.com to get started or ask about current mortgage rates and pre-approval.
Bob Patel's NMLS license number is 103451. You can verify this license at nmlsconsumeraccess.org.
Getting pre-approved is simple: share your income, assets, and credit details, and Bob Patel will review your finances to determine how much home you can afford and provide a pre-approval letter to strengthen your offer.
Find answers to common questions about our mortgage services. Can't find what you need? We're here to help.
Mortgage rates change daily and vary depending on your unique situation. Get your customized quote here.