Home LoansFirst Mortgage
Here’s a handy checklist and loan calculator to help with your application process. First Time Home Buyers click here. If you prefer, you may also apply in person or over the telephone.
*Our “No Down, Move In” Home Loan has a fixed rate first mortgage loan of 95% LTV (loan to value), with a fixed rate second mortgage loan of 5% LTV. Terms for first mortgages up to thirty years. Second Mortgage/Home Equity
Your Credit Union offers financing up to 90% of the appraised value** of your home, less superior liens, such as your first mortgage. We offer low rates with terms up to fifteen years available. Best of all, there are no annual fees associated with our home equity loans. Our Real Estate Loan Officers are trained and experienced professionals that will guide you easily through the loan process. We’re ready to help you, so apply today! To get started, you’ll need your mortgage statement and two current pay stubs. You can apply online for a Second Mortgage/Home Equity Loan by selecting “2nd Trust Deed Fixed” from the product menu on the Consumer Loan Application. Take me to the online application **Other terms and conditions may apply, ask for details. Second Trust Deed rates are determined by individual credit standing and loan to value. Second mortgages have terms to 15 years. Please call for details and current rates. Home Equity LOC
We offer financing up to 80% of the appraised value of your home, less superior liens, such as your first mortgage, at low competitive rates with terms up to fifteen years available. There are no annual fees associated with our home equity lines of credit. Take me to the online application Minimum monthly payment for home equity lines of credit is $1.50 per $100.00 borrowed. Other terms and conditions may apply, ask for details. Reverse MortgageA Reverse Mortgage was specifically designed to help homeowners who are age 62 and older get cash from the equity they’ve built up in their home over the years. A Reverse Mortgage is different from other equity loans because the mortgage is repaid only when you are no longer living in your home. More Reverse Mortgage benefits include:
And since Nevada Federal has been serving Nevada homeowners since 1950, you have added stability and security to know that you won’t lose your home to some unknown mortgage company. To find out if a Reverse Mortgage is right for your situation, contact one of the following Real Estate Loan Officers. Georgette Ingalls Steve Rowe ***Consult Financial Advisor. Loans subject to approval, title charges, insurance and other applicable fees. Monthly Medicaid payments may be affected; consult a Medicaid expert for advice. Rates and prices depend on product of choice. Other terms and conditions apply. Ask for details. |
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Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, A U.S. Government Agency. Individual Retirement Accounts are separately insured up to $250,000 by the NCUA. We Do Business in Accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Copyright © 1999-2008 Nevada Federal Credit Union. All Rights Reserved. |
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There’s no place like Nevada Federal for fast, friendly, and affordable home loans. Our knowledgeable Real Estate Loan Officers can assist you in determining which type of loan is best for you. Call our Mortgage Line at (702) 382-4094 to inquire about rates or to speak to a Real Estate Loan Officer. 
Home equity loans are a great source for extra cash, not only for home improvements, but also vacations, college tuition, weddings and more. Home equity loans are also a smart choice for consolidating outstanding debts into one monthly payment at an affordable interest rate. And best of all, the interest on a home equity loan may be tax deductible. (See your tax adviser for details on your particular situation.)
Another popular way of tapping into your home’s value is a home equity line of credit. If you prefer to borrow smaller sums as your projects progress, establish a line of credit entitling you to write checks within a pre-established lending limit. As you repay the funds, the money becomes available to borrow again. You only pay interest on what you borrow, when you borrow it.
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