Financing Homes in Lake Tahoe and Truckee since 1992.

Sierra Pacific Mortgage’sConforming Loans for the Lake Tahoe Area

Sierra Pacific Mortgage—Financing Homes & Condos in Tahoe and Truckee Since 1992

Conforming loans, which are guaranteed by Fannie Mae and Freddie Mac, are designed to provide borrowers with an affordable way to finance a home while also protecting the interests of the lender. If you are interested in financing a house in the Tahoe or Truckee area, these loan programs may help you buy that second home, investment property or condo that you have your sights set on. At the Sierra Pacific Mortgage-Lake Tahoe Office, we are a mortgage bankers specializing in providing a wide range of loans and services to our clients. As your professional, experienced mortgage banker, we can help you navigate the many different conforming loan options and decide if these products are the right product to enable you to get the property you would like to buy.

Understanding Fannie Mae and Freddie Mac

The Fannie Mae program was created as part of the New Deal in 1938. The intent behind the program was to help families buy homes and to strengthen the home-buying market. The Freddie Mac program, created in 1970, was designed to further strengthen the secondary mortgage market. Today, both programs enable mortgage lenders to offer loan alternatives with excellent interest rates to home and condo buyers. Loans that meet Fannie Mae or Freddie Mac guidelines are called conforming loans.

Should You Choose Conforming Loan?

Many Tahoe and Truckee area homeowners choose conforming loans because they provide low-cost financing with added security. While you will need to meet basic lender criteria in order to qualify for such a loan, you don’t need to have a perfect credit score. Your Sierra Pacific Mortgage-Lake Tahoe Office mortgage banker, Steve Peterson, will be happy to discuss your objectives, financial situation, and financing alternatives with you. Our objective is to provide you the guidance and support to ensure you are able to purchase the home or condo you desire, at a competitive rate and with a smooth, quick process.

Working with A Tahoe/TruckeeMortgage Banker

Working with a mortgage bankerin the Tahoe and Truckee area is the best way to ensure that you will get a good deal from a lender and will be matched with loans that fit your needs.Steve Peterson is your local lender with years of experience in the local market, with contacts and relationships with all the real estate professionals that you might need, including agents/realtors, appraisers, inspectors, title companies, etc. Steve Peterson willbe with you through the entire qualification and origination process, and will explain eligibility requirements to ensure that you select the loan that is tailored to your situation. At the Sierra Pacific Mortgage-Lake Tahoe Office, we are proud to serve as your Fannie Mae/Freddie Mac conforming loan specialists and advisors.

What You Should Know About Fannie Mae/Freddie Mac Loans

The recent mortgage industry crisis has led many borrowers to worry about whether or not they will qualify for loans. You may wonder if it’s even worth it to work with a lender. Before you approach a lender or mortgage banker, you should take some time to familiarize yourself with the basics of the loans in which you are interested. Keep these key facts about Fannie Mae/Freddie Mac loans in mind:

  • Each loan is subject to a maximum loan limit, which varies according to the geographic area. Your mortgage banker has up-to-date information about loan maximums.
  • Your lender will set your interest rate according to your credit worthiness and the total amount of your loan.
  • Refinancing is available on Fannie Mae/Freddie Mac loans. In some cases, it is even possible for borrowers who are upside down.
  • Steve Peterson, your mortgage banker,will help you refinance should there be significant changes in the mortgage market such as lower interest rates.

The Sierra Pacific Mortgage—Lake Tahoe Office: A Mortgage Banker You Can Trust

Working with a mortgage banker is the best way to ensure that you get the loan you deserve with fair terms from a trusted lender. Considering a Fannie Mae/Freddie Mac loan is a great way to make your home-owning dreams come true. Steve Peterson is an experienced mortgage bankerwith access to a board product suite with excellent interest rates from Sierra Pacific Mortgage. He knows the area intimately, and has relationships with all the real estate professionals you will need throughout the home buying process.

If you are interested in exploring your Fannie Mae or Freddie Mac loan options, please call us today at 775-831-7151. With our years of experience as a local mortgage banker in Lake Tahoe, and our commitment to your satisfaction, you won’t be disappointed.