Partner toolkit
Payment, buydown, and DPA — tools for the live conversation.
Same payment math Michael uses with partners on live calls. Start on Purchase or a ladder to size the payment, jump to a 2-1 or permanent buydown if the seller will contribute, then to DPA if cash-to-close is the constraint. Type the lock rate — this is not the market average.
Independent broker toolkit · Michael McDermott, NEXA Lending · NMLS 184065
For partners
Pre-approval letters
Letters live in Nestablish — the same place our referral partners already use. Start or download from there when you need a letter for an offer.
01 · Purchase scenario
Purchase
Comfort-level payment and cash-to-close for one scenario, plus a rate grid.
Open02 · How far $X/month stretches
Price ladder
Conventional, FHA, VA, and FHA+DPA as price steps up. Highlight a target payment.
Open03 · Max price from income & debts
Max price
Income and debts in, a purchase range out — Conventional, FHA, and VA.
Open04 · Seller will contribute
2-1 buydown
Subsidy fund, concession ask, cap check, and a line you can text the listing agent.
Open05 · Buyer or seller buying the note rate down
Permanent buydown
Type lock prices. Full payment, monthly savings, breakeven months, cash to close.
Open06 · Cash-to-close is the constraint
DPA
Self-funded vs repayable vs forgivable, plus a realtor one-pager on one address.
Open07 · Refi / recast / cash-out
Refinance
Current vs new payment and a rate-savings grid, including costs rolled in.
Open08 · Listing agent asks about credits
Resources
Max seller concessions by loan type and LTV, occupancy, and 2026 loan limits for this market.
Open
Shared inputs
Price, down payment, rate, score, HOA, and loan type carry across these partner tools while you keep this tab open. Tax and homeowners insurance are estimates. Conventional MI uses the factors Michael runs in live scenarios.
Estimates & limits
- Estimates only — not a Loan Estimate, lock, or underwriting decision.
- Not every investor allows a temporary 2-1. Confirm it is available before you share it.
- Seller-concession caps are typical program maximums. Lender overlays can be tighter.