Financing Homes in Lake Tahoe and Truckee since 1992.

Sierra Pacific Mortgage FHA Loans for the Lake Tahoe Area

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

Federal Housing Administration (FHA) loans provide many prospective homeowners with the financing needed to purchase a home or condo while enjoying the security of a federally backed home loan. At the Sierra Pacific Mortgage-Lake Tahoe Office, we are the top provider of FHA loans in the Lake Tahoe area. In addition to offering FHA loans, we offer a wide range of mortgage products to individuals and families looking to buy a second home, investment property, condo, or condotel. Steve Peterson is your friendly, professional mortgage banker who can help you understand FHA loans and offer you an FHA loan at a very competitive rate.

Located in Incline Village, we are experts in Lake Tahoe real estate and offer a broad suite of loan products that will certainly meet your needs. We serve the communities of Truckee, Crystal Bay, Incline Village, Glenbrook, Zephyr Cove, Stateline, South Lake Tahoe, Tahoma, Homewood, Tahoe City, Carnelian Bay, Tahoe Vista, Kings Beach, Genoa and Granite Bay.

Call Us Today to Learn More about FHA Loans and How we can Help You Buy the Tahoe home of your Dreams

1 (775) 831-7151

Understanding FHA Loans

It’s important to understand that FHA loans are not issued by the Federal Housing Administration. Instead, the FHA loan is insured by the FHA, meaning that a lender can be confident that the loan’s balance will be paid off even if the individual or couple who took it out defaults. In order to offer loans backed by the FHA, lenders must be federally approved. An approved lender follows set federal guidelines for the issuance of FHA loans.

Is An FHA Loan Right for You?

At the Sierra Pacific Mortgage-Lake Tahoe Office, Steve Peterson will explain the ins and outs of FHA loans to you. If you are considering this type of loan, keep the following in mind:

  • FHA loans have a funding fee which is usually added to the loan balance.
  • FHA requiresyou to pay mortgage insurance every month.
  • While down payments tend to be lower with FHA loans, it’s important to remember that a larger down payment will decrease your loan payment while increasing your equity.
  • Depending on where you plan to buy, Sierra Pacific Mortgage may be able to offer you a loan for as much as $729,750. Your mortgage banker can provide you with information about loan maximums.
  • Loan terms will be 30-year fixed, 15-year fixed or a 5-year hybrid plan. Steve Peterson will personallywork with you to analyze your financial situation and recommend the structure and term of the loan to tailor it to your needs.
  • You do not have to have perfect credit, but you must have good credit in order to qualify for an FHA loan.

The Sierra Pacific Mortgage–Lake Tahoe Office is your Source for FHA Loans

Working with a mortgage banker is the best way to understand all of your loan options and to identify the product best suited to your needs. At the Sierra Pacific Mortgage-Lake Tahoe Office, your mortgage banker is Steve Peterson;Steve has been providing home loans in the Tahoe area since 1992. He has the loan portfolio, experience, and relationships to ensureyour entire home buying experience is as smooth and easy as possible. If you are interested in an FHA loan, Steve will carefully review your credit history and explain any lender down payment requirements so that you can secure the loan that you need at the best possible rate.
Steve Peterson, your personal mortgage banker at the Sierra Pacific Mortgage-Lake Tahoe Office,is an expert in the Tahoe region real estate and loan market, and he serves the communities and residents of Truckee, Crystal Bay, Incline Village, Glenbrook, Zephyr Cove, Stateline, South Lake Tahoe, Tahoma, Homewood, Tahoe City, Carnelian Bay, Tahoe Vista, Kings Beach, Genoa and Granite Bay with FHA loans so they can finance their dream properties in the Greater Tahoe Area.

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

Shopping for home loans can be an exciting but stressful process. At the Sierra Pacific Mortgage-Lake Tahoe Office, it is our goal to match homebuyers with the right loan at the best possible rate for your Tahoe home.

Please contact us to learn more about our FHA loans
1 (775) 831-7151