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Mason-McDuffie Mortgage funded over $80,000,000.00 in new loans in July

We're clearly doing something very right!

No Application Fees for Loan Consultations -...

SHomeowners who sold their homes using a short sale and did not miss any payments may be eligible to purchase  now using an FHA loan?

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 Free Quick Rate Quote        Mortgage Calculators       Client Testimonials

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    ** Lending News September 2010  **

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NEW WEBSITE LOOK COMING NEXT WEEK - COME BACK AND CHECK IT OUT!!

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• COMING SEPTEMBER 7TH - REFINANCING HELP FOR HOMEOWNERS WHO HAVE NEGATIVE EQUITY AND ARE CURRENT ON PAYMENTS.  Details are still coming in - Quick look based on HUD press release 8/6/2010

1. The homeowner must owe more on their mortgage than their home is worth and be current on their existing mortgage.
2. The homeowner must qualify for the new loan under standard FHA underwriting requirements
3. The property must be the homeowner's primary residence.
4. The borrower's existing first lien holder must agree to write off at least 10% of their unpaid principal balance, bringing that borrower's combined loan-to-value ratio to no greater than 115%.
5. In addition, the existing loan to be refinanced must not be an FHA-insured loan, and the refinanced FHA-insured first mortgage must have a loan-to-value ratio of no more than 97.75 percent.

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• FannieMae is now requiring lenders to pull another credit report just before loan closing - See our Credit Do's and Don'ts for tips during the loan process to avoid surprises at the finish line.  Purchase or refinance - take a quick look..

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• First Time Home Buyers in Nevada - We have down payment/closing cost assistance programs to help you take advantage of today's great home prices.   NV Housing up to $4,500 for closing/down. and Nevada Rural Housing Home At Last Bond with 3% Grant funds.  Did you read about this exciting program in the Reno Gazette Journal in June?

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• We have FHA loans for property flips with LESS than 90 days of ownership (certain restrictions apply) - Call us for details !

• Do you have an Adjustable Rate Loan resetting this year or next?  Don't gamble on interest rates staying low - refinance now into a 30 year fixed.  We also have "no cash out" refinances up to 105% - call us to see if your scenario qualifies. 

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• FHA Insurance is changing on new loans as of October 4, 2010 - the financed upfront MI is being reduced from 2.25% to 1%; monthly MI max is changing from .55 to .90 - average increase approximately $40 per month on $200,000 loan.

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• YOU may still have until April 30th 2011 to enter into purchase contract if you spent 90 days outside the country in 2009 or the first 4 months of 2010.  Call us for details..

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Northern Nevada - hushed to wild - Home....

We offer a full range of mortgage products for purchase and refinancing

(See Loan Center TAB Above)  including: 

FHA - 96.5% financing; 3.5% down can be gifted - Also 203K Rehabs! Perfect Credit Not Required.  Parents can also help you qualify even though they won't live in the house.  Did you know the FHA limit in Washoe County is $403,750 on single family residences?

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VA - 100% Purchase financing up to $417,000; Loans over $417,000 require a down payment.  Streamline Refi's.

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USDA - 100% Purchase financing for rural areas like Fernley, Cold Springs, Washoe Valley.  Seller concessions can help with closing costs or if you're a first time buyer, use state funds for your closing costs.

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Conventional Owner Occupied to 95% with PMI; Investment Properties

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FannieMae HomePath - 15% Down for Investments; 3% down on Owner Occupied, no appraisals required.  First Look feature gives owner occupant buyers a chance to make offers on properties before opening listings up to investors. No monthly MI.

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105% Refinancing for Fannie and Freddie loans - No Cash Out - Closing costs are all that's added to your first loan amount; if you currently have a second loan, it stays in place.  Leave your ARM behind while rates are low..

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Jumbo Loans - Take the suspense out of your jumbo mortgage adjusting and lock into a 30 year fixed now.

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Nevada First Time Buyer Programs - Down Payment/ Closing cost assistance.  Nevada Housing program is available statewide with up to $4,500 assistance; Nevada Rural Housing Home At Last Bond does not include tax codes in 1000 range for Reno but the rest of Northern Nevada is available with 3% of loan amount provided as a grant.  Purchase price limits apply on both but they're very generous - over $352,000 for Washoe County.

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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 best for you.

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We're Yours from start to finish - from application to signing loan docs at the title company, you'll have one loan officer backed by a great team of processors and underwriters.

Buying a new home is a source of anxiety, frustration -- and a huge sense of accomplishment. You didn't pick the house that was best for someone else, you picked the one that's right for you! Trust us  to find the mortgage loan that best fits your needs, too. "Less paperwork and more personal attention" means you enter a frustration-free zone from application to decision. Getting the right mortgage loan is like getting the keys to your new house! We can help you get there.

Refinancing your current mortgage? We make it easy and worry-free to reduce your interest rate and monthly payment. We can even help you pay down your balance more quickly for comparable monthly payment. Let us guide you to the very best refinanced loan!

We're mortgage professionals.  We'll give you the personal attention you deserve and treat you with the respect due a valued customer. We understand you're making a commitment in buying a new home, refinancing and mortgage or cashing out your home equity. So we make a commitment to you. We will help you qualify, apply and be approved for the right mortgage loan for you. Not anybody else!

Please navigate our website to learn more about us, what we do for you, and how easy it is to get started.

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We're two of the professional loan officers in our Reno Branch.  

MASON-MAC is BACK and believes in Nevada

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JJerry Saffle

NV Agent ID#46810    NMLS ID# 250801 (unique identifier)

NVNVN

Direct: (775) 624- 5107          Office (775) 624-5099 ext 343 Cell: (775) 225-0707 Fax: (866) 743-2889 JSaffle@mmcdcorp.com

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iTomi Fratto

NV Agent License #10933     NMLS ID#320485 (Unique Identifier)

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Direct: (775) 624-5109          Office (775) 624-5099 ext 345 Cell: (775)  771-2393 Fax: (866) 741-5545 TFratto@mmcdcorp.com

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Who Is Mason-McDuffie? 

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Mason-McDuffie Mortgage Corporation, headquartered in San Ramon, CA is a mortgage banker, licensed in 22 states.  We are correspondent lenders with many of the large US banks which gives us the ability to shop for great rates for you!

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How many other companies have been around since 1887 ???

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 Reno Branch

10389 Double R Blvd.

Reno, Nevada  89521

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Nevada Mortgage Banker License #3418

NMLS #1141 (Company Unique Identifier)

Main Office Phone:  775-624-5099

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Nevada Photos by Bill