What is a FHA Loan

Benefits of FHA Loans

Low Down Payment: FHA loans require as little as 3.5% down, making homeownership more accessible for those with limited savings.

Flexible Credit Requirements: FHA loans are designed to help borrowers with less-than-perfect credit qualify for a mortgage.

Competitive Interest Rates:FHA loans often offer lower interest rates compared to conventional loans, saving you money over the life of the loan.

Assumable Mortgages: FHA loans are assumable, meaning that if you sell your home, the buyer can take over your existing loan, potentially at a lower interest rate.

WHY CHOOSE US

What We Offer To You

Welcome to Las Vegas Mortgage, your trusted partner in securing FHA loans. As a dedicated FHA loan specialist, I am committed to helping you navigate the home buying process with ease and confidence. Whether you are a first-time homebuyer or looking to refinance, I am here to offer expert guidance and personalized service.

Expertise in FHA Loan

With in-depth knowledge and experience in FHA loan programs, I ensure you receive the best possible terms and rates tailored to your financial situation.

Personalized Service

Every borrower is unique. I take the time to understand your specific needs and financial goals to provide customized loan solutions.

Seamless Process

From pre-qualification to closing, I handle all the details, making your home buying journey smooth and hassle-free.

Commitment to Clients

Your satisfaction is my top priority. I am dedicated to providing transparent, honest, and responsive service throughout the entire loan process.

Local Expertise

As a locally-based mortgage company, we have a deep understanding of the Las Vegas real estate market. Our insights and connections enable us to offer you valuable advice and assistance, whether you're buying a home in the city or the surrounding areas

Comprehensive Loan Options

We offer a wide range of mortgage products, including FHA, VA, conventional, and jumbo loans. This diverse selection allows us to tailor our offerings to meet your specific financial needs and goals, ensuring you get the most suitable loan product for your situation.

Mortgage Pre-Approval

Secure your financing before you start shopping. Our pre-approval process is quick and easy, giving you a clear understanding of your budget and making you a more attractive buyer. Start your journey with confidence!

House Shopping

Explore a wide range of properties that fit your needs and lifestyle. Whether you're looking for your first home, a vacation retreat, or an investment property, our team is here to guide you through the search and help you find the ideal match.

Loan Application

Complete your mortgage application with our streamlined and user-friendly process. Our experienced loan officers will assist you every step of the way, ensuring all your questions are answered and your application is processed smoothly. Let us help you make your homeownership dreams a reality!

WHAT’S THE BEST

Mortgage Programs

At Las Vegas Mortgage, we offer a variety of mortgage programs tailored to meet your unique financial situation and goals. Whether you're a first-time homebuyer, a seasoned investor, or somewhere in between, we have the perfect loan solution for you.

Specific Programs

FHA Loans: Ideal for those with lower credit scores or limited down payment funds.
Conventional Loans: Flexible options with competitive rates for a range of borrowers.
USDA Loans: Great for rural property buyers, offering zero down payment.
VA Loans: Exclusive benefits for veterans and active-duty military members.
DSCR Loans: Perfect for real estate investors focusing on cash flow properties.
Bank Statement Loans: Designed for self-employed borrowers who need to show income differently.
ITIN Loans: Accessible options for those without a Social Security number.
Foreign National Loans: Financing solutions for non-U.S. citizens.
Fix and Flip Loans: Short-term financing for property renovation and resale.
Cannabis Industry Loans: Tailored loan options for professionals in the cannabis sector.
1099 Loans: Options for independent contractors and freelancers with 1099 income.
Private Money Loans: Quick and flexible funding for unique situations or investments.

OUR TEAM

Our Staff Profiles

KeVIN SCHANDA

SENIOR MORTGAGE ADVISOR

NMLS 93971

JONATHAN FESSER

MORTGAGE ADIVSOR

NMLS 2225687

BONNIE CLOCKEL

MORTGAGE ADVISOR

NMLS 1906508

Frequently Asked Questions

What is an FHA Loan?

An FHA loan is a mortgage that is insured by the Federal Housing Administration (FHA). It is designed to help low-to-moderate-income borrowers qualify for a mortgage, even if they have less-than-perfect credit or a limited down payment. FHA loans are popular among first-time homebuyers because they have more flexible qualification requirements.

What Are the Down Payment Requirements for an FHA Loan?

The minimum down payment for an FHA loan is 3.5% of the purchase price of the home, which is available to borrowers with a credit score of 580 or higher. For borrowers with credit scores between 500 and 579, a down payment of at least 10% is required. FHA loans make homeownership more accessible for those who may not have significant savings for a down payment.

Can I Use an FHA Loan to Buy a Fixer-Upper?

Yes, you can use an FHA loan to buy a fixer-upper through the FHA 203(k) Rehab Loan program. This program allows you to finance both the purchase of the home and the cost of renovations with a single mortgage. It's a great option for buyers looking to purchase a property that needs repairs or upgrades.

Do FHA Loans Have Income Limits?

No, FHA loans do not have income limits. They are available to borrowers of all income levels. However, there are limits on the maximum loan amount you can borrow, which vary by county and are based on local housing costs. These limits ensure that FHA loans are used to help low-to-moderate-income borrowers. The income limits for Clark County, NV are $498,250

Are FHA Loans Assumable?

Yes, FHA loans are assumable. This means that when you sell your home, the buyer can take over your existing FHA loan, including the interest rate, balance, and terms. This can be an attractive feature if your loan has a lower interest rate than current market rates, potentially making your home more appealing to buyers. However, the buyer must meet the FHA's eligibility requirements to assume the loan.