Become a Home Owner Again.
Economic conditions can change at any time. If you have been affected in the past by a shift in the economy, we can help you get back into home ownership.
Here are the details:
- Affordable interest rate of 6.805% APR1
- Purchases and refinances allowed
- Maximum loan amount = $300,000****
- Maximum LTV = 80%****
- Maximum DTI = 43%
- Minimum FICO = 580
- Primary residences only
- Bankruptcy, foreclosure, short sales, & modifications allowed with only one year seasoning required********
- IRS liens will be evaluated on a case by case basis*****
- Homeowner credit counseling completion required
- Impounds for property taxes and homeowner insurance required
- Other exceptions to be approved on case by case basis
- Product will be a 5 year balloon with 30 year amortization
- Interest rate will be 6.75%*******
- 2 origination points required
- No source or seasoning required on funds
- U/W will follow FNMA guidelines with exceptions to credit items noted above
- Loan Committee approval required
- Maximum LTV for Townhomes and Condos is 60%*
- No Manufactured homes allowed**
- Only properties in the State of Nevada will be eligible***
*effective 2/10/14 **effective 6/26/14 ***effective 9/2/14 ****effective 3/6/17*****effective 6/6/17******effective 11/21/17*******effective 11/16/18********effective 12/12/18
We Do Business in Accordance With the Federal Fair Housing Law and Equal Credit Opportunity Act.
NMLS ID: 402788.
1. APR = Annual Percentage Rate and are listed "as low as." Mortgage rates excluded, call for APR.1. APR = Annual Percentage Rate and are listed "as low as." Mortgage rates excluded, call for APR.