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Nevada Federal Credit Union - providing affordable financial services in Clark County, Las Vegas, North Las Vegas, Reno, Sparks and Pahrump
  
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Home Loans

First Mortgage

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. Finance now while mortgage rates are still near record lows!

  • First Mortgages/Refinancing – Choose VA, FHA or conventional financing with an incredibly low rate you can live with. And, while interest rates are still low, lower your monthly payment by refinancing your existing mortgage.
  • $8,000 First-Time Home Buyer Tax Credit Extended through April 30, 2010 – Find out more at http://www.federalhousingtaxcredit.com.

Here are a some links to help with your application process.

First-Time Home Buyers Click here »
What you’ll need to complete your loan application. Application checklist »
How much house can I afford? Mortgage calculators »
How to aim for the best choice when house hunting. Tips for making the best choice »
Need more information? Mortgage information request »
Visit the Mortgage Center »
Check Rates »
Apply Online »

If you prefer, you may also apply at a branch or by phone.

Las Vegas Area(702) 382-4094
Reno/Sparks(775) 827-3880, extension 4634
Pahrump(775) 751-9880, option 1

 

Second Mortgage/Home Equity

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.) Current Rates »

Your Credit Union offers financing up to 75% of the appraised value1 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.

Apply Online »

1Other 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

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.

We offer financing up to 75% 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.

Apply Online »

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 Mortgage

A 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:

  • No income and minimal credit qualifications
  • No monthly mortgage payments
  • No restrictions on how you use funds in most states
  • Proceeds from a Reverse Mortgage are non-taxable2
  • You or your heirs will never owe more than your house is worth
  • Most are insured by the Federal Housing Administration

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 our Real Estate Loan Officers and Reverse Mortgage Specialists:

Brock Davis
Las Vegas (702) 948-5418

2Consult 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.