Loan Options
Learn about home loan options in Nevada
Conventional Fixed Rate Mortgage
A Fixed Rate Mortgage offers stability with a constant interest rate throughout the loan term, providing predictable monthly payments for homeowners who prefer long-term financial certainty.
Conventional Adjustable Rate Mortgage
An Adjustable Rate Mortgage (ARM) features fluctuating interest rates, typically lower initially, making it suitable for those expecting short-term home ownership or anticipating interest rate decreases.
FHA Loan
An FHA Loan, insured by the Federal Housing Administration, is designed to assist first-time homebuyers and those with moderate incomes by offering low down payment requirements and more flexible credit qualifications.
VA Loan
A VA Loan, guaranteed by the Department of Veterans Affairs, caters to eligible military veterans and service members, providing them with favorable terms, including zero down payment and competitive interest rates.
Portfolio Loans
Portfolio Loans are customized financing solutions offered by lenders who retain the loans in their portfolio, allowing for more flexible terms and eligibility criteria beyond traditional mortgage standards.
Jumbo Loans
Jumbo Loans exceed the conventional loan limits, making them suitable for high-value property purchases, with competitive interest rates and tailored terms for borrowers seeking large loan amounts.
Alternative-Document Loans
Alternative-Document Loans are designed for borrowers with non-traditional income documentation, allowing them to secure financing through alternative means, such as bank statements or asset verification.
First-Time Homebuyer Loans
First-Time Homebuyer Loans are tailored to assist individuals purchasing their first home, often featuring lower down payment requirements and educational resources to guide them through the homebuying process.
Construction, Renovation and Land Loans
Construction, renovation, and land loans play pivotal roles in supporting the diverse needs of individuals and businesses engaged in real estate ventures, offering tailored financing solutions for different stages of property development.
Foreign National Loans
Foreign National Loans cater to non-U.S. citizens looking to invest in real estate in the United States, offering specialized financing solutions tailored to the unique needs and circumstances of international borrowers.
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New Conforming Loan Limits for 2025: What You Need to Know
Ginni Madsen2024-12-02T22:34:41+00:00December 2nd, 2024|
The Federal Housing Finance Agency (FHFA) has officially announced the new conforming loan limits for 2025, and there’s good news