Category Archives: Lending

The Oh-So-Handy Guide to Homebuying

The Nevada Housing Division has released the 2017 edition of its The Oh-So-Handy Guide to Homebuying. This consumer-friendly guide walks homebuyers through the home buying process and contains many tips and valuable advice. Check it out below…

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Local Reno loan officer provides interest rate insights

In the video below, Shayla Gifford, Senior Loan Officer at Guild Mortgage provides some insight on what has been going on with mortgage interest rates and what has been keeping them at unprecedented lows. More importantly, Ms. Gifford explains what … Continue reading

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“Home Is Possible” program

The Nevada Housing Division has launched the “Home is Possible” new home buyer program that provides qualified homeowners in Clark and Washoe counties a grant of up to 4% of the loan amount to be applied toward down payment and/or … Continue reading

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“Home at Last” mortgage credit program expanded to Nevada’s urban areas

Interested in receiving a $2,000 tax refund at the end of the year? Previously limited to only Nevada rural areas (cities with populations fewer than 150,000 people), the Home at Last Mortgage Credit Certificate program is now available to Nevada’s … Continue reading

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2014 FHA loan limit

New FHA loan limits for 2014 have been announced. For Washoe County, Nevada the loan limit for a single-family home is decreasing from $403,750 to $325,450. That’s a reduction of more than $78,000 to max amount of an FHA loan. … Continue reading

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“Qualified Mortgage” — what does it mean?

Lately, you’ve probably been hearing a lot about the new “Qualified Mortgage (QM) Rule” that goes into effect January 2014. This QM rule lays out new underwriting standards that the majority of lenders will use to qualify prospective borrowers. The … Continue reading

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Do I qualify for a mortgage loan?

As a follow-up to yesterday’s Are you ready to buy a house? post, the next question you may be asking is, “Do I qualify for a loan?” To help answer that question, the folks at RealEstate.com have put together the … Continue reading

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FHA vs. PMI

Just received an infographic from Genworth Financial comparing the costs of FHA vs. PMI that I thought I’d share. For those readers considering a mortgage for their home purchase and contemplating an FHA loan compared to a loan with private … Continue reading

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