Mortgage news and helpful tips

Great news to anyone interested in qualifying for an FHA or VA loan. President Barack Obama that reinstates the higher loan limits until December 31st, 2013. The president did not provide his extension to the Power Houses known as Fannie Mae and Freddie Mac. FHA and GSE maximum has been at $625,500 since October 1, […]

Freddie Mac sold fewer homes in the third quarter then they have earlier in the year. Freddie Mac being one half of the Lending Powerhouse Team, sold more than 25,300 repossessed homes in the third quarter, down 13.5% from the nearly 30,000 in the previous three months. It was also a 17% decline from the […]

Last month, September 9th, 2011, Valley West Mortgage released a blog post that stated "VA FUNDING FEE CHANGES". The Date that those Changes took place was originally OCtober 1st, 2011. November 18th, 2011 is the new effective date for the VA FUNDING FEE changes. What the Funding Fee's will be, will be confirmed at a […]

BASED off of Average Rates For all those who qualify and in the market for a Home Mortgage Loan, there is an amazing chance to buy a home or refinance with Valley West Mortgage. It has even been said that Mortgage Rates could fall even lower then 3.94 (The AVERAGE RATE) since "the Federal Reserve […]

USDA For Purchase transactions, the up-front guarantee fee will be lowering from 3.50% to 2.00%. An Annual fee ( similar to FHA's annual fee) of 0.30% will be implemented, in addition to the up-front guarantee fee. These Changes are effective for loans with Conditional Commitments issued on, or after Saturday October 1, 2011. Feel free to […]

This week, the Fed announced new measures to boost the economy. This sounds amazing, and like everything else we have heard in the last two years. So expectations are pretty low for much economic growth to result from the measures taken by the fed. but they did help push mortgage rates to historic lows. The […]

If you watched the speech that President Obama made Thursday night, then you know about the tax cuts and stimulus ideas that he purposed.

If you have not noticed, The heat is finally starting to disappear in Las Vegas. That means the cold desert winter time is approaching quickly. We know, just like all of the Las Vegas locals know, that the fall and winter time in Las Vegas means more nights outside with friends and families, special events […]

FHA loan limits across the nation will drop. The current loan limit of $400,000 here in our Corporate Office location in Clark County, Las Vegas, Nevada will decrease to $287,500. That can have a dramatic effect on your buying decisions especially if you already have an offer out or you may not close before Oct. […]

Valley West Mortgage has just been informed that USDA Home Mortgage Loans are now available to anyone with a credit score of 620 and up! That's right. We Said it.   Incase you have not been following us on or following us on Valley West Mortgage is now offering USDA HOME Mortgage Loans. No Down […]