Greater Nevada’s 5/5 Adjustable Rate Mortgage is now as low as 5.619% APR!1 Work with a Mortgage Consultant to meet your homeownership goals—like buying your first or next home, or lowering your current interest rate and payments or accessing cash by refinancing. We also prioritize speed for our clients, with an average turnaround of only 24 days from application completed to ready to close for purchase loans in 2024!2
Greater Nevada Made It Easy
Kristen works 60 hours a week while going to school full-time, and Tim runs his own small business. Working around their busy schedules, Greater Nevada Mortgage was able to help them finance their forever home.
“I really appreciate Greater Nevada Mortgage helping us get into our forever home,” Kristen said. “A process that is usually pretty daunting, making it as easy as possible.”
Making Positive Moves With Greater Nevada Mortgage
Buying your first home? Considering purchasing a vacation or rental property? Want to refinance your existing home loan to make things better for you? Whatever your needs, Greater Nevada Mortgage’s experienced team is here to turn your aspirations into reality. Our home loans are designed to fit your life.
Compare Our Most Popular Home Loan Options
Did you know there are a variety of home loans available to homebuyers? Whether you’re a borrower with a less-than-ideal credit score, a veteran or looking for an unconventional loan, the Greater Nevada Mortgage team is here to assist. Explore the various types of mortgages available.
Fixed Rate Mortgages
Secure your mortgage rate for the long term with this popular loan type.
Adjustable Rate Mortgages (ARM)
Add flexibility to your repayment schedule with an adjustable rate mortgage.
Jumbo Loans
Expand your horizons by exploring loans that go beyond current conforming limits.
FHA Loans
See if government-backed mortgages from the Federal Housing Administration (FHA) are right for you.
VA Loans
You’ve served us. Now let us serve you with a loan through the U.S. Department of Veteran Affairs (VA).
USDA Loans
U.S. Department of Agriculture (USDA) loans are zero-down-payment mortgages for qualified homebuyers. See if you are eligible for assistance in a qualifying rural area.
Doctor/Physician Loans
If you’re just out of medical school and have started your new position, you may qualify for a lower down payment loan.
Home Equity Line of Credit (HELOC)
If you have equity in your home, a line of credit can let you easily tap into your property’s value.
How to Apply for a Home Loan with Greater Nevada Mortgage
When you’re ready to shop for a mortgage, secure a line of credit or refinance your home, our team is here to walk you through the process and find a loan that works with your family’s needs.
Apply
We just need a few details for you to create an account and submit your application.
Connect
We’ll review your information and share all qualified loan options available that work for your budget.
Borrow
If you’re approved, we’ll get you started on your homebuying or refinancing journey.
Home Buyer Tools & Resources
Before you purchase a home, explore these helpful tools, including a payment calculator, first-time buyer program details and information on down payment assistance.
Common Home Loan Questions
-
What type of home loan is the easiest to qualify for?
First-time and lower-income homebuyers often find Federal Housing Administration (FHA) loans to be an excellent choice. With lower down payment and credit score requirements, these types of loan options are a great way to get into a home. U.S. Department of Agriculture (USDA) loans can also be a good fit for first-time buyers looking to purchase in an eligible rural zone and some qualifying suburbs. If you’ve served in the military, a U.S. Department of Veteran Affairs (VA) loan may be your best choice. Our Mortgage Consultants can help you navigate all the options and find the best fit for your individual situation.
-
What is a good credit score to get a loan to buy a house?
Generally, a credit score of 620 or better is a minimum score for borrowing money to purchase a home. Still, a variety of factors can come into play, such as whether there is a co-borrower involved, property type, loan to value, and other criteria. Greater Nevada Mortgage can help assist you with a variety of loan options to suit your repayment needs.
-
What is the average loan for a house?
The average loan for a home varies greatly depending on which part of the country the home is located in. For borrowers in Nevada, the median home price is around $345,000, with many borrowers making 20% down payments. In California, the median home price is slightly over $625,000 for all of 2022. In short, the answer is that your total loan amount and monthly payment will be dependent on several factors, the most important of which are sales price and down payment. Interest rates will also be a factor.
Everyone Deserves a Home
According to the National Alliance to End Homelessness, over 7,600 Nevadans experience homelessness on any given night. GNM’s Keys to Greater program donates a portion of the revenue from every new mortgage or refinance to community nonprofit organizations that address homelessness, and since launching in 2021, over $200,000 has been donated!
1Annual Percentage Rate (APR) is based on a loan amount of $350,000 at 80% Loan-to-Value with a credit score of 700 for conforming loans. Adjustable Rate Mortgages assume no increase in the financial index, and your interest rate and payment may increase according to the market index after the fixed period. Rates and fees are subject to change without notice. Membership with GNCU is required prior to loan funding, which is open to anyone living or working in any of Nevada’s 17 counties and members of their immediate family.
2Average purchase loan turnaround time is based on application completion to final approval, with all required conditions and guidelines being met awaiting the Close of Escrow date, between January 1, 2024, to July 31, 2024. This is not a guaranteed timeframe for all loan applications. Each loan transaction is different, and individual turnaround times will vary.