Get free access to our world class MLS search tools, save your favorite listings, create saved searches & much more!

Las Vegas Lender Thinks Outside the Box!

Posted by Mastura Zaini-Roberts on Tuesday, March 18th, 2014 at 9:17pm.

High Rise Condos Loans in Las VegasThe 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) 710-3330
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!"

Related Blog Posts

Las Vegas Real Estate Agent is NASCAR fanatic!

VRRROOOOMMMMM.... One of our most experienced real estate agents, Debra Leatham, is also a HUGE racing fan, and every March she camps out over several days at the big NASCAR event in Las Vegas. (Debra and her husband Jim are also avid Corvette enthusiasts, and he built a separate 4 car garage just for his "babies" that...

New Home Developments Sprouting in Las Vegas Valley Again!

While the resale market for Las Vegas single family homes seems to be holding steady at around 6500 listings actively on the market (not yet under contract) and still tilted towards a seller's market, Las Vegas new home builders are finally opening up new developments around the Valley. Spring in Sprung! With the much...

Net worth of homeowners 44 times more than renters

   Monday August 20th, 2018  First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest...

Are Mortgage Rates Rising?

Low interest mortgage rates can’t last forever, can they? If you’ve taken out a mortgage or refinanced a mortgage recently, you may have done so because you anticipated that rates would rise. Are rates rising, and are they expected to continue to rise? Let’s take a closer look at mortgage rates...

The cost of rising home prices: Rental rates are at a 50-year high

Rising home prices are pushing more people to rent that at any time in more than 50 years, according to a new report. A new analysis of Census Bureau data by the Pew Research Center found that more US households are headed by renters than at any time since at least 1965, according to a MarketWatch report.“The to...

2 Responses to "Las Vegas Lender Thinks Outside the Box!"

garyliu88@gmail.com wrote: Investment loans

have you got more info on Investment loans ?
all the ones on
http://www.greatlasvegashomes.com/blog/local-las-vegas-lender-offers-new-programs.html
are not for investments?

also if i can serve the loan with rental income easily and being able to come up with the deposit, is there any borrowing capacity for investment properties ?

Posted on Monday, April 7th, 2014 at 5:05pm.

Diann Tonnesen wrote: Our lender also has investment portfolio loans. Would you like me to have him contact you about their various products and strategies for financing?

Posted on Monday, April 7th, 2014 at 5:16pm.

Leave a Comment

Have a Question?

Contact Us

Follow Us