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** 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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  1. FHA increasing upfront MI insurance from 1.75% to 2.25% on 5/1/2010
  2. FHA loosens 90 day flipping rules for contracts signed 2/1/2010 and later
  3. 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.
  4. Home Buyer tax credits program ending April 30th - HURRY!
  5. ARM Loans - thousands resetting this year - check out our Fannie/Freddie programs and get into a 30 year fixed!
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...NV Rural Housing
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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

 

Simple Rehab Loans

203k Rehab/Remodel/Repair

 

Down Payment/Closing Cost $$

Fannie Mae Homepath

FHA 3.5% Down

Nevada Mortgage Credit MCC

 

Reverse Mortgages

Tax Credits

USDA 100%

VA 100% Veterans

 




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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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cold

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 Numbere-mail
    Jerald Saffle, Branch Manager (775) 225-0707 email Jerry
    Beverly Babcock, Branch Manager (775) 742-1777email Bev
       
    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
       
    Marcia Kidney, Loan Officer(775) 351-6034 email Marcia
       
    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



     

    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

     

    map

     

    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

     

     

     

    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

    Equal Housing




    Contact Info

    HMR Reno


    ph. 775-461-2300
    fx. 775-201-0369
    Home Mortgage Resources, Inc - 10389 Double R Blvd. , Reno, NV 89521
    Nevada Mortgage Banker License #2084