Over the last four years many home owners have short sold their home for various reasons. For those home owners that short sold their home, your wait time can be as long as 7-years from the completion date of the short sale before you are eligible for a mortgage loan. Conventional, FHA, and VA loans [...]
Post Tagged with: "Reno Home Loans"
New Maximum Home Loan Limits for FHA Loans
FHA has decreased their maximum home loan limits for several Northern Nevada Counties. The new limits are: Washoe County- $325,450 Carson City County- $286,350 LyonCounty- $271,050 Douglas County- $350,750 For a listing of all Nevada counties you can use the FHA’s website for FHA Mortgage Limits. The conventional loan limit remains at $417,000; any loan amount [...]
Why should I choose a local Reno home loan lender?
Every once in a while I have a borrower that tells me they found an online lender that is offering a better rate than what I can offer. Or I have a client who feels that since they have all their accounts with a large, national bank that they feel they should go with them [...]
Meeting with your Reno home loan lender for the first time
You’ve made the decision to buy a home here in Reno and you’ve found a lender you would like to work with. Now what? In my world, my initial conversation with a new home buyer takes place over the phone. This allows me to get the information I’ll need to determine if I can get [...]
Maximum home loan limits have stayed the same in Reno for 2011.
Conventional and FHA maximum loan amounts for Reno, Sparks, Fernley, Carson City and all of Northern Nevada have remained the same in 2011. Conventional loan limits remain at $417,000 for the entire state. FHA loan limits vary by county: Reno/Sparks is currently at $403,750. Carson City is at $398,750. Fernley is $331,250. Fallon and the [...]
What happened to the 4.125% rate from November?
Wow! Rates have been on the upswing since the week ending November 12th and we haven’t seen much relief since then. On November 4th, I could lock in a borrower on a 30 year fixed rate at 4.125% with no points. Today, I’m at 4.875% with no points*. The good news is the rates have [...]
Stephanie Hanna
Stephanie Hanna is taking time off of the mortgage business to spend time with her family. We have brought on Linda MacLeod to replace Stephanie on our Guru site. While we will miss Stephanie and wish her well, we are excited to welcome Linda to our guru site. For more information on Linda MacLeod click [...]
