Nevada Home Loans, Inc.
Is looking to staff our offices with top producers.

We are a Full Service Mortgage Broker with
an Experienced and Professional Staff.

If interested please call:

Lucy Rivera
Business Development Manager
(702) 821-0841

Nevada Home Loans, Inc.

Our Loan Programs

FHA

Features FHA Mortgage offer:

Low down payments
Minimal cash is needed up front
Easy qualifying terms
The FHA Home Loan uses relaxed underwriting criteria to evaluate debt and income. These flexible credit guidelines may enable more applicants to qualify for financing.
Authorization to get help with costs
FHA guidelines allow home buyers to receive some or all of their down payment and loan fees from relatives, in the form of a gift. Certain home sellers may also pay an amount equal to up to 6% of the sales price for closing costs and pre-paid. Call for details.

Best for:

Home buyers who have limited savings and/or moderate incomes or credit history.
First-time home buyers who are concerned about not having enough funds for down payment and closing costs.

FHA Mortgages help home buyers purchase homes with low down payments and flexible qualifying guidelines. These loans are insured by the Federal Housing Administration (FHA), which sets loan limits that vary by area, call for limits in Nevada.

Are you an eligible Veteran?
Do you have limited funds for down payment and closing costs?

Features VA Mortgage offers:

No down payment
Easy qualification with regard to credit and income
Out of pocket expenses can come from a gift

Best for:

Qualified veterans, reservists, active service and their spouses (check with your regional VA office to see if you are eligible)
Eligible borrowers who have limited funds for down payment and closing costs

VA mortgages offer the opportunity to buy a home, with no down payment. These loans are administered by the Department of Veterans Affairs. VA loans are assumable and have more flexible requirements than either FHA or Conventional home loans. Available in fixed-rate option only.

ARMs

Features Adjustable Rate Mortgage Loans offer:

Assist borrowers in obtaining a larger loan amount
This is possible because qualifications are at the lower interest rate.
Save money in the early years
Lower initial interest rate than a traditional fixed-rate loan
Have a variety of adjustment periods
(See Intermediate ARMs )

Best for:

When you need extra borrowing power
Want to save money in the first few years
Plan to move or refinance in a few years
Are purchasing or refinancing at a time when interest rates are comparatively high?

Adjustable-Rate Mortgages (also called ARMs) feature an interest rate that periodically adjusts with changing market rates. ARMs are available in FHA, conforming and jumbo loan amounts. The ARM allows you to take advantage of lower interest rates in a falling rate environment, and you'll benefit from lower monthly payments. The initial interest rate on an ARM is usually lower than the interest rate on a fixed-rate mortgage (FRM). ARM interest rates and the degree to which they fluctuate at the end of every adjustment period, are determined by:

Index: Published economic indices such as U.S. Treasury Securities or London Inter-Bank Offered Rate (LIBOR) that are used to direct the adjustment.

Margin: A fixed percentage (usually two to three percent) that is added to the index at each adjustment period

Rate Cap: Typically the maximum amount your rate can increase or decrease per adjustment period and over the life of the loan. This protects you in case of volatile market swings.

Interest Only Loans

Interest Only Loans allow homeowners the ability to reduce their typical monthly mortgage. Homeowners select a 30-year loan for example, and only the interest is paid for the first 5-10 (depending on the program) years, then principle and interest for the remaining 25 years. If you live in an area where homes are appreciating and would prefer to make a much lower monthly payment then this mortgage plan may be just what you're looking for. This loan also works well for those homeowners who want to pay down their mortgage quick. Loans are available from 100k up to 2 Million.

All programs have "Interest-Only" payment options and can be fixed for up to 10 years!

Control your cash flow with interest only loans. Available in both adjustable and fixed rate forms these loans allow you to have greater purchasing power reduced monthly obligations and many more features not available with the traditional 30 year fixed principal and interest loan. Today's interest rates are at the lowest levels in years. Before rates go higher you may want to consider the benefits of refinancing or securing an interest only loan or interest only home equity line at today's low interest rates.

Commercial Loans:

Please E-Mail or call us!

" We Make Your Dreams A Reality "