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March 18, 2014

Home > Blog > Las Vegas Lender Thinks Outside the Box!

The Tonnesen Team preferred lender, All Western Mortgage, has secured a relationship with one of the top credit unions in Las Vegas, and is now able to offer three very exciting and new loan programs that NO OTHER LENDERS HAVE. Check out the guidelines for their fresh start loans (only one day out of short sale or foreclosure!), jumbo loans (with as little as 5% down!) and high rise condo loans (with as little as 5% down!)

Click here to apply online

1) AWM Fresh Start Mortgage! One day out of short sale or foreclosure!

80% Loan to Value from $100,000 - $1,000,000
75% Loan to Value from $1,000,001 - $2,000,000
Minimum Loan Amount is $100,000
Rates as low as 4.75% for 30 Years and 3.625% for 15 Years
Minimum 620 Credit Score
Minimum 6 months reserves
Primary Residence Only
Letter of Explanation for Short Sale or Default
1 Day out of short sale/foreclosure allowed. (BK ok if correlated to Short Sale/Foreclosure)
Borrower must join Credit Union prior to close with a $100.00 opening balance

2) JUMBO Loans up to 95% LTV!

95% Loan to Value up to $850,000 Loan Amount.
80% Loan to Value from $850,001 - $1,000,000
75% Loan to Value from $1,000,001 - $2,000,000
Minimum Loan Amount is $417,000
Rates as low as 4.75% for 30 Years and 3.625% for 15 Years
Minimum 620 Credit Score
Minimum 6 months reserves
Mortgage Insurance – Monthly or One Premium at Closing.
Second Home Max 90% LTV (No Investment Properties)
Borrower must join Credit Union prior to close with a $100.00 opening balance

3) HIGH RISE Condos or NonWarrantable Low Rise Condos!

90% Loan to Value from $100,000 - $850,000
80% Loan to Value from $100,000 - $1,000,000
75% Loan to Value from $1,000,001 - $2,000,000
Rates as low as 4.75% for 30 Years and 3.625% for 15 Years
Minimum 620 Credit Score
Minimum 6 months reserves
Second Home Max 90% LTV (No Investment Properties)
Condo cert required to determine no structural litigation
Borrower must join Credit Union prior to close with a $100.00 opening balance
No Condo-hotels on this program, but we have an alternate lender that can do 20% down condo hotel loans

If you haven’t been able to find the right mortgage loan to fit your situation yet, AWM just might have it. Give us a call today at 702-985-7654 or fill out a short online application at

http://www.greatlasvegashomes.com/preferred-mortgage-lender.php.

Mastura Roberts
(702) 919-5400
offers@greatlasvegashomes.com

Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052

With over 30 years of experience helping families call Las Vegas "home!"