New Start Mortgage

We make buying a home possible again for members who have been affected by the economic recession. If you’ve had a short sale, bankruptcy or foreclosure, we may be able to help you buy again

Program details include:

  • Affordable interest rate of 6.00%*
  • Purchases and refinances allowed
  • Two origination points required
  • Maximum loan amount is:
    • $200,000 at 75% LTV
    • $250,000 at 70% LTV
    • $300,000 at 65% LTV
  • 5-year balloon with 30-year amortization
  • LTV Max – 75%, DTI Max – 43%, FICO Min – 580
  • Max LTV for Townhomes & Condos is 60%
  • No manufactured homes allowed
  • Primary residences only
  • Homeowner credit counseling completion required
  • Impounds (escrows) required
  • Gifts and gift equity allowed
  • No source or seasoning required for down payment funds
  • Bankruptcies, foreclosures, short sales and modifications allowed with no seasoning requirements

Give us a call!

Las Vegas Area (702) 382-4094
Reno/Sparks (775) 827-3880, x4643
Pahrump (775) 751-9880, x5443