Premier Mortgage Lending’s privately-funded Another Chance Home Loan Program has stirred the interest of prospective southern Nevada home buyers who wonder if they can take advantage of the present buyer’s market.
“Now is definitely a great time to buy a home in southern Nevada with the influx of homes for sale at incredibly low prices. Some Nevadans who want to purchase a home may feel as if they can’t for years to come because of a financial downturn, foreclosure or short sale. However, these potential buyers may be able to take advantage of today’s amazingly low housing prices and buy a home of their own through Premier Mortgage Lending’s Another Chance Home Loan Program,” manager Rick Piette said.
“Throughout the summer, Premier Mortgage Lending has helped potential buyers determine their buying capacity and connect them to the type of mortgage that best meets their needs through complimentary mortgage prequalification,” Piette said. “We’ve referred some prospective borrowers to traditional mortgages, while others with a recent short-sale or foreclosure have discovered that they, too, can purchase a home by obtaining a loan through our privately-funded Another Chance Loan Program.”
Through Another Chance, private lenders and institutional portfolio lenders offer home loans for the purchase of residential properties. Full-documentation underwriting guidelines are followed and at least a 20 percent down payment is required. Borrowers may close within 30 days from the time of loan approval.
“Another Chance provides many Nevadans the option of purchasing a home at today’s low housing prices rather than relying on landlords and paying rent that is often more than what the mortgage payment would be on the same type of home,” Piette said. “We offer individuals who may not qualify for a traditional loan the opportunity to buy a home for their family today and when the time comes, the opportunity to refinance into a traditional loan without penalty.
“Helping Nevadans realize homeownership is a ‘win’ not just for the homeowners, but also for the community and the state. To get our economy back on track, we’ve got to fix housing.”
For details about the Another Chance Loan Program, mortgage prequalification, or scheduling an appointment, call 485-6600 or visit www.AnotherChanceNevada.com.