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

Best Deals Found in Las Vegas Luxury Home Market

While the average sales price in Las Vegas rose over 30% in 2013, the median price for homes over $1 million was virtually unchanged last year and remained stable at $1.4 million. Surprisingly enough, though, the volume of closed transactions for Las Vegas luxury homes priced at over $1M almost doubled from 2012. Buyer...

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...

8 Things Home Sellers Should Never Reveal (Except To Their Realtor)

When homeowners decide to sell, they may find themselves justifying their choice to anyone who’ll listen. But, as the old saying goes, “Loose lips sink ships.” In today’s world where sharing is the norm, sometimes keeping your rationale for making a move all to yourself is the right move....

Did You Miss These Tax Deductions?

One of my favorite things to do each year, is to park outside the Post Office on April 15th and watch the parade of cars as last minute procrastinators get in line to post their taxes before the deadline. Miraculously, everyone seems to be in a pretty good mood - after all, we are all in this tax thing together. Jokes...

New Homes in Las Vegas Under $70 per foot!

Who says you can’t buy brand new homes in Las Vegas under $70 per foot?! We get inquiries all the time from investors who are looking to purchase “fixer uppers” in this price per foot range. True, you can get more slightly square footage for a slightly lower price on resale homes that need some cosmetic help, but...

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