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Las Vegas Lender Thinks Outside the Box!

Posted by Julie Wright 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) 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!"



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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.

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