Sierra Pacific Mortgage Lake Tahoe Office
Providing Home and Condo Loans in Stateline since 1992
Buying a home or investment property is one of the biggest financial commitments you will make in your life. Whether you’re a first-time buyer or a seasoned investor, it’s important to work with a mortgage banker who understands your needs, knows the local housing market in the Stateline area, and can offer a large portfolio of loan products to ensure they can provide you with the best possible rates and terms.
After all, choosing the right home loan or investor loan is about more than just getting funding for your home or condo. At the Sierra Pacific Mortgage–Lake Tahoe Office, we specialize in serving the needs of prospective buyers from all over the country who are looking for a home loan, condo loan, or investment loan anywhere in the Stateline area. Our friendly, professional mortgage banker will be delighted to work with you to make your dreams of home ownership come true.
Located in Stateline, we are experts in Lake Tahoe real estate and offer a broad suite of loan products that will certainly meet your needs.
Call Sierra Pacific for Your Stateline Home Loan Today
1 (775) 831-7151
Working with a Mortgage Banker in the Stateline Area
Buying a home or investment property is a major financial decision. It’s important that you work with a mortgage banker who can walk you through your options and help you decide upon the best financing for your needs. Your Sierra Pacific Mortgage-Lake Tahoe Office mortgage banker understands the changes that the mortgage industry has undergone in the last five years. We will be happy to guide you and to provide you with in-depth information about buying in the Stateline area.
Understanding Your Home Loan Options
If you’re planning on buying a home or condo in Stateline, you have many different options when it comes to the type of loan products available. Those individuals who have purchased homes in the past should be aware that regulations governing the home loan industry have changed significantly. Speaking with a qualified mortgage banker is the best way to ensure that you truly understand your options and have chosen the loan most suited to the Stateline property you want to purchase. Your mortgage banker can also answer all of your refinancing questions.
At the Lake Tahoe office of Sierra Pacific Mortgage, we offer a very broad set of loans for your financing needs. Steve Peterson, your Sierra Pacific mortgage banker can provide you with in-depth information on all of our loan programs and rates, including:
FHA Home Loan
These types of loans are incredibly popular with home buyers because they offer low interest rates and reasonable repayment terms. These types of loans are subject to maximums or limits. Your mortgage banker can explain the limits in the Stateline area to you. In order to qualify for this type of home loan, you will need to demonstrate financial responsibility. If you are a first-time homebuyer, you may be able to benefit from low down payment terms. FHA loans are guaranteed by the Fair Housing Administration but they are not issued by the Administration itself.
VA Home Loan
This special type of home loan is designed to help those individuals who have served our country in the armed forces buy homes. The spouses and widows of both retired and active service members are also eligible to buy homes through this program. Your mortgage banker can provide you with specific information about loan limits in Stateline.
Fannie Mae and Freddie Mac Home Loans
Much like FHA loans, Fannie Mae and Freddie Mac home loans are designed to assist qualified homeowners purchase residential properties. These types of loans are guaranteed by the government and tend to feature low repayment terms. Like other home loan types, they are subject to maximums. Your mortgage banker can provide you with information about the current maximum for home purchases in the Stateline area.
Jumbo Home Loans
Individuals who would like to buy luxury properties in Stateline often use a jumbo home loan in order to do so. This type of home loan is not subject to the same maximums as FHA, VA and Fannie Mae-Freddie Mac loans. If you are interested in securing a jumbo loan for a purchase in the greater Reno-Tahoe area, it is essential that you work with a knowledgeable mortgage banker.
Condo and Condotel Loans
In many cases, prospective condo owners will be able to take out traditional home loans in order to buy a unit in an Stateline condo complex. These types of loans generally feature low interest rates and generous repayment terms. This type of residential condo loan is considered ideal by most prospective buyers. However, your eligibility for a condo loan will be affected if you want to buy a property considered a condotel. Your mortgage banker will be able to provide you with guidance to determine whether or not a property will be classified as a condotel.
Using loans to finance an investment property in the Stateline area can be a difficult decision. Due to the special nature of investment property loans, it is important to work with a mortgage banker who understands investment loans. Your Sierra Pacific Mortgage-Lake Tahoe Office mortgage banker, Steve Peterson, has experience working with these types of loans and can guide you to the right product, with the best rate that you qualify for.
Choose an Experienced Local Mortgage Banker for the Best Results
Choosing a home or investment loan can be a challenging and stressful process. Getting pre-qualified with a mortgage banker is the best way to ensure that you are getting the best financing for all of your Stateline area real property purchases and that when you find the real property you want, you can make an immediate offer. Steve Peterson and his team will be happy to assist you with all of your financing needs.
Call a Sierra Pacific Mortgage Banker for Your Home Loan Today
1 (775) 831-7151
Recommended Real Estate Related Professionals
- Stateline Real Estate Offices: http://inclinerealtors.com/Brokers.htm
- Stateline Real Estate Agents: http://inclinerealtors.com/realtors.htm
- Stateline Real Estate Professionals (Non realtors): http://inclinerealtors.com/realtors.htm
Stateline is a census-designated place on the east shore of Lake Tahoe in Douglas County, Nevada, United States. The population was 842 at the 2010 census. The population swells considerably during the busy winter and summer seasons, due to the high number of hotel rooms and rental accommodations available. Stateline is home to five open casinos, four of which qualify as resorts – MontBleu, Harrah’s Lake Tahoe, Horizon, and Harveys Lake Tahoe. The Lakeside Inn caters to locals and modest gamblers.
Many of the hotels in the neighboring town of South Lake Tahoe, California organize buses to take residents to the casinos in Stateline. Stateline and South Lake Tahoe are effectively one town, with the state line intersecting with U.S. Route 50 immediately after the Harrah’s and Harvey’s casinos.
Another well-known feature of Stateline is Kingsbury Grade which runs up and over a mountain pass, rising from Lake Tahoe and dropping down to Gardnerville on the other side. Most of Stateline’s residential and seasonal accommodation, amenities and services are located on or near Kingsbury Grade. The route can be difficult in the winter months and snow chains are essential during this time. Larger vehicles are required to allow traffic to pass when five or more vehicles are queueing behind them.
For more information on Stateline, go to http://en.wikipedia.org/wiki/Incline_Village.