Conventional Loans

Conventional Home Loans

Elevate your home buying experience with competitive rates and unparalleled flexibility.

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What are Conventional Home Loans?

A conventional loan refers to a mortgage that is both originated and managed by a private financial institution, such as a bank, credit union, or mortgage company, specifically for real estate purchases. This category of loan offers a range of term options and is particularly beneficial for individuals who have a substantial down payment and a solid credit record. Unlike loans insured or guaranteed by government programs, conventional home loans are the most common type of home loan, relying on private backing rather than government support.

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Conventional Loan Requirements

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Minimum 620 Credit Score

A minimum credit score of 620 is required for Conventional Loans.

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3% Down Payment

Conventional loans require a down payment of at least 3%.

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Debt-To-Income Ratio ≤ 50%

You will need a Debt-To-Income ratio of no more than 50%.

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2% - 6% in Closing Costs

You'll need 2 - 6% of the total purchase price to cover closing costs.


Loan Benefits

Low Down Payment

You can move into your new home with a down payment as low as 3%.

Lower Monthly Payments

Monthly payments will be lower since they will be spread out over a longer period.

Flexible Loan Use

You can use a Conventional Loan to finance a primary home, second home, or investment property.

Fixed Interest Rates

Your interest rate will remain fixed for the entire life of the loan.

No Prepayment Penalties

There won't be any prepayment penalties if you're looking to pay off your mortgage early.

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"Made My House-Buying Experience Great"


I used Derek and his company when I purchased a condo on the Las Vegas strip. Everyone said that banks were giving a hard time for people looking for a loan for this building. However, Derek personally called me and walked me through the process, and assured me that I would be able to get the loan. Within 30 days, we not only got the loan but closed escrow. I highly recommend Derek and his team!

— Pathjoel from Las Vegas, NV 89158

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FHA Loans

FHA Loans

Your homeownership dream is just a down payment away

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What are FHA Loans?

FHA loans, insured by the Federal Housing Administration, offer benefits like low down payments and flexible credit requirements, making them appealing to first-time homebuyers and those with less-than-perfect credit. These loans require mortgage insurance and have specific property standards, but offer advantages like lower loan limits and assumability.

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FHA Loan Requirements

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Minimum 580 Credit Score

A minimum credit score of 580 is required for FHA Loans.

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3.5% Down Payment

FHA loans require a down payment of at least 3.5%.

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3% - 6% in Closing Costs

You'll need 3-6% of the purchase price available for closing costs.

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Mortgage Insurance Premium (MIP)

An upfront mortgage insurance premium of only 1.75% of the base loan amount as well as month MIP is required.


Loan Benefits

Low Down Payment

You can move into your new home with a down payment as low as 3%.

Low Credit Score Requirements

You can get be approved for an FHA Loan with credit score of just 580 or higher.

Shorter Waiting Periods

You may qualify for an FHA loan sooner after a major event such as foreclosure, bankruptcy or missed payment.

Flexible Debt-To-Income Requirements

FHA loans have more flexible debt-to-income (DTI) requirements than some other loans.

Flexible Borrowing Options

With FHA loans, you have the options of a 15-year or 30-year term - with either a fixed or variable interest rate.

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"We are loyal to Derek Parent and his team"


Derek is always a pleasure to work with. I’ve known him for several years now and anyone that I know of that is looking to purchase a property I always refer them to Derek. He takes the time to answer questions and really cares about his clients. It’s nice that he stayed in touch with us long after we’ve purchased our properties going through him and his team.

— highrisecondoinvestor from Las Vegas, NV 89109

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VA Loans

VA Loans

Because those who've served our country deserve a place to call their own.

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What are VA Loans?

A VA loan is a mortgage loan in the United States guaranteed by the Department of Veterans Affairs, available to eligible veterans and their surviving spouses. It offers significant benefits such as no down payment, no private mortgage insurance, and competitive interest rates. Additionally, VA loans can be reused, come with limited closing costs, and don’t require a prepayment penalty.

Are you looking to buy a primary residence as an eligible service member, veteran, or qualifying surviving spouse? A VA loan could help get you your home at a competitive interest rate with no money down.


VA Loan Requirements

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Minimum 580 Credit Score

A credit score of 580 is required, meaning you don't need perfect credit to get a VA Loan.

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Certificate of Eligibility (COE)

You'll need to obtain a COE to show lenders that you're a qualifying service member or surviving spouse.

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Debt-To-Income Ratio ≤ 60%

VA loans are more accessible than some other loans with a debt-to-income ratio of 60%.

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VA Funding Fee

A one-time fee paid to the Department of Veterans Affairs may vary depending on the size of your down payment.


Loan Benefits

No Down Payment

In most cases, a VA loan allows you to purchase your new home with no money down.

No Private Mortgage Insurance

VA loans don't require you to make monthly mortgage insurance payments.

100% Access to Home Equity

VA loans are the only loan that allows you to convert up to 100% of your equity into cash if you qualify.

Competitive Interest Rates

Compared to some other home loans, VA loans have more competitive interest rates.

Rate and Term Refinance Options

If you have an existing VA loan, you may be able to lower your rate or change your term with fewer documentation requirements and often, no appraisal is required.

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"We are loyal to Derek Parent and his team"


Derek is always a pleasure to work with. I’ve known him for several years now and anyone that I know of that is looking to purchase a property I always refer them to Derek. He takes the time to answer questions and really cares about his clients. It’s nice that he stayed in touch with us long after we’ve purchased our properties going through him and his team.

— highrisecondoinvestor from Las Vegas, NV 89109

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Jumbo Loans

Jumbo Loans

Tailored for homes as expansive as your aspirations.

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What are Jumbo Loans?

Jumbo loans exceed the conforming loan limits set by the Federal Housing Finance Agency, typically used for financing luxury properties or homes in high-cost areas. They have stricter qualification criteria, often requiring excellent credit, larger down payments, and sometimes higher interest rates compared to standard loans. With the minimum being $726,201, you can finance the home of your dreams.

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Jumbo Loan Requirements

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Minimum 660 Credit Score

A minimum credit score of 660 is required for Jumbo Loans

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2% - 6% in Closing Costs

You'll need 2 - 6% of the total purchase price to cover closing costs.

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Debt-To-Income Ratio ≤ 45%

You will need a Debt-To-Income ratio of 45% or lower.

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Loan To Value Ratio ≤ 89.99%

On 30-year fixed loans, your loan amount can't exceed 89.99% of the purchased home's value. On 15-year fixed and adjustable-rate loans, your loan-to-value ratio can't exceed 80%.


Loan Benefits

More Borrowing Power

With Jumbo Loans, you can finance a home with a loan starting at $726,201

Flexible Loan Use

You can use a Jumbo Loan to finance a primary home, second home, or investment property.

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"We are loyal to Derek Parent and his team"


Derek is always a pleasure to work with. I’ve known him for several years now and anyone that I know of that is looking to purchase a property I always refer them to Derek. He takes the time to answer questions and really cares about his clients. It’s nice that he stayed in touch with us long after we’ve purchased our properties going through him and his team.

— highrisecondoinvestor from Las Vegas, NV 89109

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Reverse Mortgages

Reverse Mortgages

Turn your home's equity into your financial freedom—enjoy your golden years with peace of mind.

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What is a Reverse Mortgage?

A reverse mortgage, or Home Equity Conversion Mortgage (HECM), is a type of home loan available to homeowners 62 or older who have considerable equity (usually at least 50%) in their home. This financial tool can benefit people who need additional cash flow for other expenses, as the value of their home’s equity can be converted to cash, eliminating monthly mortgage payments. Borrowers use the equity in their home as security for the loan, and can receive funds as monthly payments, a line of credit, or in a lump sum. This is called a “reverse” mortgage, because in contrast to a traditional mortgage, the lender makes the payments to the borrower.

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Reverse Mortgage Requirements

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Age Minimum of 62

You must be at least 62 to qualify for a reverse mortgage.

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Only for Primary Residence

You can only get a reverse mortgage on your primary residence, not a second residence or vacation home.

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Good Financial Standing

You can't owe federal debt, such as student loans or income tax.


Benefits

Your Spouse May Be Able to Remain in the Home

If you pass away, your non-paying spouse might be able to stay in your home instead of selling, this can bring you peace of mind later in life.

Reverse Mortgage Are Immune to Devaluation

If you take out an HECM, you don't have to worry about declining home values.

You Can Stay in Your Home

If you’re struggling to pay your mortgage or other bills, a reverse mortgage will eliminate your monthly mortgage payment and provide you with an extra income stream. This might provide enough financial relief to afford staying in your home.

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"We are loyal to Derek Parent and his team"


Derek is always a pleasure to work with. I’ve known him for several years now and anyone that I know of that is looking to purchase a property I always refer them to Derek. He takes the time to answer questions and really cares about his clients. It’s nice that he stayed in touch with us long after we’ve purchased our properties going through him and his team.

— highrisecondoinvestor from Las Vegas, NV 89109

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Renovation Loans

Renovation Loans

Dream renovations start with solid foundations—secure yours with a Renovation Loan.

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What are Renovation Loans?

Renovation loans are specialized loans to fund home improvement projects. These loans can be used for various purposes, from basic repairs and upgrades to more extensive remodeling projects of an existing home or additions to a property.

This type of loan can be utilized for a variety of purposes, including repairs, remodeling, or implementing energy-efficient enhancements. It also provides financing options for primary residences, vacation homes, and rental properties. It may not be used for luxury upgrades.

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Renovation Loan Requirements

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Minimum 620 Credit Score

Requires a minimum credit score of 620 for Renovation Loans

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Hazard/Homeowners Insurance Statement

Proof of Hazard and Homeowners insurance is required to obtain a renovation loan.

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Licensed and Insured Contractor

All rehab work must be completed by a licensed and insured contractor


Benefits

Low Down Payment

You can move into your new home with a down payment as low as 3%.

Lower Monthly Payments

Monthly payments will be lower since they will be spread out over a longer period.

Fixed Interest Rates

Your interest rate will remain fixed for the entire life of the loan.

No Prepayment Penalties

There won't be any prepayment penalties if you're looking to pay off your mortgage early.

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"Great Experience, Always on Top of Things, Great Communication"


They were always responsive to my needs and allowed for a smooth process. All of the processing took place in a timely manor and there were no hold ups on their end. I would highly recommend this group to anyone in need of a mortgage.

— matt kinzer09 from Las Vegas, NV 89128

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USDA Loans

USDA Loans

Planting the possibilities of rural homeownership with no down payment.

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What are USDA Loans?

USDA loans are government-backed mortgages aimed at helping low- to moderate-income individuals buy homes in rural areas, with no down payment required. They offer benefits like lower interest rates and relaxed credit requirements, but have specific income limits and property location criteria. These loans are ideal for primary residences in eligible areas, not for investment or vacation properties.

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USDA Loan Requirements

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Minimum 640 Credit Score

A minimum credit score of 640 is required for USDA Loans.

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Income Limits

You must have a household income under the limit set by the USDA for the area where you want to buy a home. Check your income eligibilitywith the USDA.

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Debt-To-Income Ratio ≤ 41%

You will need a Debt-To-Income ratio of no more than 41%.

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Appraisal

The property must be in an eligible rural area with standard access to utilities, and road access. It must also be move-in ready.


Loan Benefits

No Prepayment Penalty

This is a fee charged by some lenders when you pay off your home loan within a period of years specified in your mortgage contract. Mortgages guaranteed by the USDA aren’t allowed to charge prepayment penalties.

No Down Payment

With the USDA loan, there’s usually no down payment.

Ability to finance closing costs

The USDA has lenient guidelines that allow you to finance any closing costscustomary for your area and the type of loan you’re getting into your new USDA mortgage.

Competitive Interest Rates

Relative to other mortgage options, USDA loans offer competitive interest rates.

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Ready To Apply?


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"We are loyal to Derek Parent and his team"


Derek is always a pleasure to work with. I’ve known him for several years now and anyone that I know of that is looking to purchase a property I always refer them to Derek. He takes the time to answer questions and really cares about his clients. It’s nice that he stayed in touch with us long after we’ve purchased our properties going through him and his team.

— highrisecondoinvestor from Las Vegas, NV 89109

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