Mortgage|Lender Financing

A potential homebuyer may elect to complete the purchase of a home by financing the difference between the down payment and the purchase price. There are several different loan types and programs that allow a prospective homebuyer to own a home. The three most common loan types include but are not limited to; Federal Housing Administration “FHA” loan insured by the U.S. Department of Housing and Urban Development, Conventional loan, may include government sponsored entities such as; Fannie Mae or Freddie Mac, and the Veteran’s Administration “VA” loan available for military personnel. Each of these loan programs vary in minimum down payment requirements, credit scores, income to debt ratios, and maximum loan limits, as determined by state or county demographics.

Nevada requires licensing for mortgage bankers and lenders.

As of October 3, 2015 mortgage lenders must comply with the Consumers Financial Protection Bureau “CFPB”.

It is highly recommended that you consult with a mortgage professional to obtain pre-approval as part of the initial steps to purchase a home. This process will equip you both emotionally and financially to be a homeowner for many years to come. The goal is not only to buy a home but to educate yourself for home retention. Initial documents most likely required will include; past two years W-2’s and/or 1099, income tax returns, 30 day recent paycheck stubs, 2 months bank statements, and copies of state issued identification (driver’s license) and social security card.

If you do not have a licensed mortgage lender, feel free to contact any of the mortgage professionals listed below:

Bill Gaylord |Gaylord-Hanson Team, Loan Depot, 858-776-6830,

Dan Krynzel, North American Financial, 702-286-6301, email:

Lucresha Rose, AmeriFirst, 702-444-2802, email:

Melissa Martinez, Supreme Lending, 702-595-3760, email: