** NEW Down Payment Assistance Program **
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NOW available for Nevada Housing needs
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for First Time Buyers and Qualified Veterans see Choices below:
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Mortgage Specialists for your Purchase or Refinancing needs
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ARM Adjustable Resetting? See our 105% Program below
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FHA, VA, USDA
FannieMae HomePath REO purchase
Home Affordable Refinance for FannieMae Loans, Open Access Refinance for FreddieMac loans up to 125% of value on 1st
FTHB Home At Last Down Payment Grants 3% of first loan amount
Nevada Mortgage Credit Certificate save on taxes for 30 years!
Reverse Mortgages with JB Nutter - the first lender to ever do a reverse!
Conventional Purchase and Refinance Loan Programs
Our own "Simple Rehab" - FHA loans needing less than $5,000 in TLC repairs to close on purchase.
VA Veterans IRRL streamline refinances - Vets may also be eligible for FTHB Programs, call us.
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Owner Occupied, Second Homes and Investment Properties
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Have a need for lending speed? Call us now or apply securely online!
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- 48 hour underwriting - RUSH / RESCUE loans welcome. Don't take no for an answer until we look at your file.
- We can fully credit underwrite buyers before you find a property (known as TBD for To Be Determined) - takes the guess work out of what home price fits your needs and goals.
- Our rates are great - quick, personalized quote click here or call 775-461-2300
Noteworthy Lending News
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- FHA increasing upfront MI insurance from 1.75% to 2.25% on 5/1/2010
- FHA loosens 90 day flipping rules for contracts signed 2/1/2010 and later
- Fannie Mae HomePath Program for their foreclosures - special incentive 3.5% of purchase price for closing costs / new appliances for a limited time only - details here . 10% down on investment properties.
- Home Buyer tax credits program ending April 30th - HURRY!
- ARM Loans - thousands resetting this year - check out our Fannie/Freddie programs and get into a 30 year fixed!
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Nevada Rural Housing NRHA Home At Last Bond Program
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Grants for Down Payment and Closing Cost assistance for homes in Sparks, Carson City and others outside Reno!! Loan Types: FHA, VA, USDA 100%. Note some properties that are eligible for the grant funds are not eligible for USDA 100% - example = Sparks properties.
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Grant funds are limited to first come first serve - $8,000 Federal Tax Credit ends in 2 months = CALL TODAY!
Remember you can amend your 2009 return to receive your credit once your purchase closes in 2010 per IRS website.
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SEE LOAN CENTER TAB ON MENU for programs
or click on title below for some of our favorites
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First Time Home Buyers
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- Call us for a free consultation over the phone, fill out our short application online, or come see us.
- We underwrite "To Be Determined" files - Your credit and income go through underwriting even though you don't have a contract yet. When you find your dream house, you're ready to make an offer. Many lenders don't do "TBD" underwriting!
- Shop for your new home knowing what price range fits your preferred monthly payment and with an approval letter in your pocket.
- YES we are available evenings and weekends - just call for an appointment or send an email here.
- First Time Buyers Informal Meetings - ask questions, get answers, NO application fees!
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Spring will soon be here
and your $8,000 tax credit will melt away..
Buy NOW don't delay!
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105% Fannie and Freddie Refinancing of 1st liens
Great Program for ARMS resetting in 2010
Sounds like a BIG loan but the amount you owe on your first loan only increases by closing costs. Can do up to 125% if needed.
Refinance out of your adjustable rate loan - Lower your current 30 year rate
How does it work? Multiply your current home value X 105% - this is the maximum loan amount available for your new 1st lien.Current first lien will increase by amount of closing costs only - not a cash out loan.
If you do not have PMI insurance now, you will not have it on your new loan even though you are borrowing more than 80% of your value.
2nd mortgages must subordinate and remain in place
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Success stories, recent closings = what we mean by "lending speed."
- Short sale purchase - Loan docs signed at 9:30 am on Tuesday, loan funded that afternoon. Less than 15 working days from start to finish...
- Refinance - FHA loan file submitted to underwriting at 8:30 on Tuesday morning. Approval received at 1:00 on Thursday, loan documents sent to title company that afternoon, loan signed at 5:00.
- Short sale purchase -FHA loan, Appraisal ordered and completed, client's file underwritten and approved, conditions met, loan docs signed, loan funded. Less than 15 working days from start to finish...
- FHA Streamline Refinance - loan docs signed on the 10th business day, note rate reduced from 6.125% to 5%* with no discount points paid. *APR 5.43
- Freddie Mac Relief Open Access Up to 125% Refinance Program - Rate reduced from 6.25% to 5.25%** with no discount points paid. Loan to Value 92%, 30 year fixed, one loan, NO monthly PMI required because original loan at 80% did not require it **APR 5.72 Until October these loans could only be completed by current loan servicer but are now open to other lenders.
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With the changes that have occurred within the mortgage industry, many lenders have been unable to remain competitive or have exited the business completely. Our platform for originating and closing loans has given us the competitive edge needed to navigate these changes. Thinking big but acting small enhances our ability to maneuver quickly and meet market demands. By offering competitive rates, superior service and delivering our commitments to our clients, we have continued to thrive despite market volatility.
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Home Mortgage Resources Inc. sets itself apart from the competition by providing our customers with company processing, underwriting, document preparation and funding of each client's loan. We Make All The Decisions from Application through Funding so you are kept informed throughout the process without waiting for answers.
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Get the best mortgage loan for you. When you decide to buy a home or refinance a mortgage, it's a big step. You can trust us to find the loan program that's the best fit for your lifetime goals and needs! We are correspondent lenders with 10 of the largest banks in the US who compete for our business - that means great rates and more loan products available for our clients.
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Our Reno Branch Staff
Office: (775) 461-2300
| Mobile Phone Number | e-mail |
| Jerald Saffle, Branch Manager | (775) 225-0707 | email Jerry |
| Beverly Babcock, Branch Manager | (775) 742-1777 | email Bev |
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| Deane Harlow, Loan Officer | (775) 544-8301 | email Deane |
| Dian Vanderwell, Loan Officer | (775) 772-7146 | email Dian |
| Glen Moyle, Loan Officer | (775) 250-6324 | email Glen |
| Jan Hermsen, Loan Officer | (775) 530-8795 | email Jan |
| Jessica Della, Loan Processor | (775) 843-5702 | email Jessica |
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| Marcia Kidney, Loan Officer | (775) 351-6034 | email Marcia |
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| Peter Kimmery, Loan Officer | (775) 560-5636 | email Peter |
| Sally Skinner, Loan Officer | (775) 287-4293 | email Sally |
| Sam Britt, Loan Officer | (775) 338-4126 | email Sam |
| Siobhan Carlon, Loan Officer | (775) 240-3091 | email Siobhan |
| Tisha Carey, Loan Officer | (775) 846-6244 | email Tisha |
| Tomi Fratto, Loan Officer | (775) 771-2393 | email Tomi |
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Hiring Experienced Loan Professionals NOW.
Are you frustrated because your company is taking up to 90
days to close loans or turning down files you know can be done?
This might be the right time to make a career move!
Contact Jerry Saffle or Beverly Babcock for details
LOAN OFFICER ON DUTY - After Hours and Weekends!
775-461-2300
Home Mortgage Resources, Inc.
is an Equal Opportunity Employer
10389 Double R Blvd
Reno, Nevada 89521
Local areas served include Reno, Sparks, Verdi, Cold Springs, Fallon, Fernley, Silver Springs, Carson City, Dayton, Minden, Incline Village, Lake Tahoe, full state of Nevada plus we are licensed in other states shown below such as California.
Thank you Bill for sharing your photos!
STATE LICENSES HELD
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| CA | Licensed by the Department of Corporations, License No. 4130579 |
| FL | Mortgage Lender License No. ML100000102 |
| HI | Operates in HI under a HUD exemption |
| ID | MBL 3263 |
| KS | MC.0025013 |
| MN | Residential Mortgage Originator License No.40154973 |
| MT | Mortgage Lender License No. 1363 |
| NV | Mortgage Banker License No. 2084 |
| NM | Mortgage Loan Company and Loan Broker Act Reg. No. 01648 |
| OR | Mortgage Lender License No. ML-3060 |
| SC | Operates in SC under a HUD exemption |
| TX | Mortgage Banker Reg. No. 53835 |
| UT | Mortgage Lender Company License No. 629132-MLCO |
| WA | Consumer Lending License No. 510-LO-27036 |
| MO | Operates in MO under a HUD exemption |
| WY | MBL 2018 |
A Home Mortgage Resources, Inc. Company. Please see our Privacy Policy statement by clicking here
Equal Housing Lender. © 2009 Home Mortgage Resources, Inc., 2076 S. Eagle Road, Meridian ID 83642 Phone 208-884-5678. Trade/service marks are the property of Home Mortgage Resources, Inc.. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. Home Mortgage Resources, Inc. is licensed as a HUD Supervised Lender, License No. 1986500009 Home Mortgage Resources, Inc is licensed in the following states: California, Florida, Hawaii, Idaho, Kansas, Minnesota, Missouri, Montana, Nevada, New Mexico, Oregon, South Carolina, Texas, Utah, Washington, & Wyoming
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