Nevada Mortgage Solutions
Nevada, The 7th largest state and home to the now infamous Area 51 and even more infamous city of Las Vegas (depending on who you're talking to), is a brilliant desert state teeming with adventure and opportunity.
If you're looking to purchase your dream home in Nevada, our team of home finance specialists is ready and waiting to help guide you through the entire process. Right now, the median home value in Nevada is $271,370, which is only slightly higher than the nationwide median listing price of $261,500, which means it could be a great time to get a bargain on a home in the Silver State.
While home prices vary across Nevada, some of the priciest places to buy a home here include Reno, with an median home listing price of $300,500, and Sparks, with a median home listing price of $273,600. Carson City, the state's capital, has a median home value of $237,300. In contrast, some of the state's more affordable cities include Fernley, with a median home listing price of $180,100, and believe it or not, Las Vegas, with a slightly higher median home listing price of $200,600.
Here at home.loans, we strive to give you the most accurate and up-to-date home loan information so you can purchase a home in Nevada with confidence. Whether you want to refinance your home, get a conventional home loan, a VA loan or an FHA insured mortgage, a HELOC or even buy a home on a short sale, we can't wait to guide you through every stage of the home buying journey.
Best Nevada Mortgage Lender: Fairway Independent Mortgage Corporation
A rapidly growing name in the national home finance industry, Fairway Independent Mortgage Corporation is one of the best options for conventional, FHA, and VA financing across the country. Home buyers will agree that it’s actually pretty easy to find a Fairway location when its time to get a home loan. Beyond that, their customer service is well known to be top notch.
Fairway Independent Mortgage Corporation has stunning reviews from its client base over the years. One thing they seem to excel in is cutting down the closing costs that borrowers are expected to pay at the end of a mortgage transaction, as well as facilitating a faster closing.
Fairway may very well be the best option for first time home buyers on this list. Their attention to detail and completely transparent methodology is perfect for obtaining a mortgage loan at a great rate in a stress-free environment.
Best Nevada Mortgage Refinance Lender: Pinnacle Mortgage Group
When it comes to top-tier boutique mortgage brokers, it really doesn’t get much better than Pinnacle Mortgage Group. Pinnacle Mortgage Group functions as a DBA of First Rate Financial, an awesomely reputable national mortgage brokerage company.
Pinnacle Mortgage Group specializes in dealing with even the toughest of complexities in a mortgage transaction, and is a veritable machine when it comes to cranking out affordable mortgage products. Government-insured VA financing is one of their specialties, with many former and current service members interested in financing their home purchase through Pinnacle.
Pinnacle mortgage group takes all of the hard work out of a mortgage transaction, making the entire process seem fluid and stress-free for the borrower. They even keep an online blog that breaks down and details each and every step of a mortgage transaction to help home buyers understand the mortgage process a little better.
Best Nevada FHA Mortgage Lender: Quicken Loans
Finding a mortgage online may have seemed sketchy at best a decade ago, but the amazing team over at Quicken loans has truly set the standard for the online mortgage experience. Quicken Loans (and it’s online division Rocket Mortgage) have made FHA financing as simple and straightforward as possible.
The online FHA loan process is highly geared towards a streamlined user experience. Progress on the status of an FHA loan application can be easily tracked online, and preapproval for an FHA loan can be completed in a matter of minutes.
The service even keeps applicants posted with any documentation they may have forgotten or still need to provide. The real icing on the cake comes from the support staff that can be reached by phone or through the website that is standing by to offer their advisory services and answer any questions a potential borrower may have.
Best Nevada VA Mortgage Lender: Axia Home Loans
A company after our own hearts, Axia Home Loans operates on the basis of educating the home buyers who choose them both before and during the mortgage process. According to them, A comfortable closing is their goal.
Closings, of course, can be a rough time for any home buyer, but the specialists at Axia are more than capable of creating an environment where the home buyer is confident and ready to for anything. Axia’s loan officers specialize in customer satisfaction, so at no point should a home buyer ever feel as though they have no one to turn to.
User reviews show that past clients are mostly impressed by the companies dedication to providing excellent service and advice to its client base. The level of knowledge and determination will surely be more than capable of getting even the most difficult home loan transactions closed.
Best Nevada Home Equity Lender: Wells Fargo Bank
Regardless of who you choose to bank with, there is no denying that Wells Fargo is a huge player in the world of home finance. Home Loans, Mortgage Refinancing, Home Equity Loans, Helocs -- They do it all.
Wells Fargo is actually one of the nation’s largest residential lenders. They have endless experience originating and refinancing affordable mortgage products, and working with borrowers to ensure that they can obtain the best home loan for their financial situations.
Wells Fargo only offers home equity lines of credit, no home equity loans. Their HELOC carries a minimum loan amount of $25,000, and a maximum of $500,000. Borrowers are required to have a credit score of no less than 621, while the HELOCs have a maximum LTV of 85%.
While many of the bigger lending institutions impose strict eligibility requirements for their borrowers, The folks at Wells Fargo offer some flexibility to their clients. Along with flexibility, past clients have consistently pointed out that second mortgages from Wells Fargo have lower rates and upfront costs than is typically accepted.
Shop Around Before You Get a Nevada Home Loan
Our picks for the best mortgage lenders in Nevada may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!