Independent Lender vs Bank in Las Vegas

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Independent mortgage lender vs big bank: which is better for your Las Vegas mortgage?

VWVS Written by Valley West Editorial · Reviewed by Vatche Saatdjian, NMLS #69363 (Valley West Mortgage, NMLS #65506) · Expert-reviewed
Published December 14, 2011 · Updated August 6, 2026 · 7 min read

Valley West Mortgage is an independent mortgage lender, NMLS #65506, and is not affiliated with or endorsed by the Federal Housing Administration (FHA), HUD, the U.S. Department of Veterans Affairs, Fannie Mae, or Freddie Mac. Equal Housing Opportunity. This article is educational; every figure shown is an illustrative example - not a quote, offer, approval, or commitment to lend.

Quick answer: Focus and access separate them. Valley West Mortgage has done home loans as its entire business since 2004, while a big bank offers mortgages as one product among many. In practice, an independent mortgage lender usually means broader program reach for imperfect files, faster answers, and a named Las Vegas loan officer you can text instead of a national queue. A big bank can still win on a simple file with genuine relationship pricing. So run the honest test: same-day Loan Estimates from both.

This is the decision half of a two-part answer. Maybe you want the vocabulary first: what does a bank, a mortgage broker, or an independent lender actually do with a loan file? For that, start with our plain-English map of the three companies that can originate a mortgage. This page assumes you have narrowed the field to two real offers. Here is how to pick between them without guessing.

Key takeaways

  • Compare offers with the standardized federal Loan Estimate, requested the same day.
  • Independent lenders live on program breadth and service; banks compete on relationship convenience.
  • Tough files - self-employed, thin credit, investor - are where breadth matters most.
  • No lender type is automatically cheaper; your file and the day set the price.
  • Whoever funds your loan may hand off loan servicing later. A transfer changes where you send the payment, not your terms.

What is actually different?

Three things, in practice. Focus: mortgages are our whole business, so the people touching your file do this all day. Breadth: an independent lender is built to fit programs to imperfect, real-world files - first-time buyers, self-employed income, investors - rather than fitting every borrower to one shelf. Access: you work with a named local person with a cell number, and in a Las Vegas offer situation, a listing agent being able to reach your lender on a Saturday is not a small thing.

Independent mortgage lender vs big bank in 2026: general characteristics of each business model, not the practices or terms of any specific company.
What to compareBig bankIndependent mortgage lender
Core businessDeposits and many product lines; mortgages are one of themHome loans are the entire business
Who underwrites the fileOften a centralized national operationIn-house, near your loan officer
Who you actually talk toThe department handling that stepA named local loan officer
Program shelfThe bank's own menuAgency, government, and specialty programs under one roof
Relationship pricingSometimes, for existing customers who qualifyPriced per file rather than per relationship
After closingServicing may be kept or transferredServicing may be kept or transferred

What does a big bank do well?

Fairness cuts both ways. If your finances already live at a large bank, a clean W-2 file plus genuine relationship pricing can produce a competitive offer, and consolidation has real convenience. Take that quote - seriously. Then put it next to ours on the same day and let the Loan Estimates argue.

Put us in your comparison.

Get a fast quote from a Las Vegas loan officer, stack it against any bank's Loan Estimate the same day, and choose whoever earns your file. No obligation, and we will tell you honestly if theirs is better.

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Who underwrites your file, and who do you actually talk to?

Underwriting is where mortgages are won or lost, so ask the question directly: who underwrites the file? At a national bank, an application typically routes into a centralized operation that serves the whole country. At Valley West Mortgage, the underwriter works down the hall from your loan officer. Therefore the second question nearly answers itself: who you actually talk to once the file hits underwriting is the same team that decides it.

How to check any company before you apply

Every mortgage company and every loan officer has a public record in the NMLS system. So before you hand over documents, look the company up on NMLS Consumer Access, the free public database of mortgage licensing records. You will see its licenses by state and any public regulatory actions. Ours is NMLS #65506. Bank loan officers appear there too, as federally registered originators rather than state-licensed ones.

Who services the loan after closing?

One more distinction worth knowing: the company that funds your loan is not always the company that collects your payment. Loan servicing commonly transfers after closing, whichever lender you choose. The CFPB keeps a plain-English explainer on the lender-versus-servicer difference. In short, a transfer changes where you send the payment, not the terms of your loan.

Comparing conventional offers? Then it helps to know the desk a Las Vegas purchase file usually starts on. Our conventional site traces that first conversation end to end.

How do you compare two offers fairly in one afternoon?

Ask each lender for a Loan Estimate on the same loan amount, structure, and day. It is a standardized federal disclosure, so page one lines up rate and monthly payment, and page two lines up the costs, including any points. While you have them on the phone, ask three questions: How fast do you underwrite in this market? Who will I actually talk to after application? What happens if the appraisal comes in short? The quality of those three answers tells you most of what the paperwork cannot. Then get preapproved with whoever earns it.

If the offers you are comparing are conventional, skim what a conventional loan takes in Las Vegas first. That way you know the shelf both companies are quoting from.

Example borrower scenario

A self-employed buyer gets two same-day quotes. The bank's offer looks similar on rate but its underwriting cannot use her optimized tax returns well, and the approval stalls. The independent lender places the same file under a program built for self-employed income and closes on schedule. Reverse the borrower - a salaried employee with fifteen years at the same bank - and the bank's relationship discount might win the day. The comparison, not the category, decides. Illustrative only.

Valley West takeWe ask to be compared, not believed. Valley West Mortgage has been an independent mortgage lender in Las Vegas since 2004, with current state licenses listed in NMLS Consumer Access, and we still tell borrowers to collect a bank quote on the same day as ours. If the bank's Loan Estimate is better for your file, take it, and we will say so. When ours is better, you will see it on page one of the form, not in a slogan.

Lender vs bank FAQ

What is the difference between an independent mortgage lender and a bank?

A bank offers mortgages as one product among many. An independent mortgage lender does home loans as its entire business, typically with broader program reach and a named local point of contact rather than a queue.

Is a big bank ever the better choice?

It can be. If you have a deep existing relationship, qualify for genuine relationship pricing, and your file is simple, a bank quote belongs in your comparison. The point is to compare, not to assume.

How do I compare two mortgage offers fairly?

Get a Loan Estimate from each on the same day for the same loan structure. The Loan Estimate is a standardized federal form, so rate, points, and costs line up side by side.

Does it cost more to work with an independent lender?

Not inherently. Pricing varies by file and by day for every kind of lender, which is exactly why same-day Loan Estimates are the honest test.

Who will service my loan after closing?

Not necessarily the company that funded it. Loan servicing commonly transfers after closing, no matter which lender you pick. The terms of your loan do not change; the payment address and the servicer contact do. The CFPB keeps a plain-English explainer on the lender-versus-servicer difference.

How can I verify a mortgage company before I apply?

Look the company and its loan officers up in NMLS Consumer Access, the free public database of mortgage licensing records. Every mortgage company has an NMLS ID; Valley West Mortgage's is #65506. Check the license for your state, then ask who underwrites the file and who you will talk to after application.

The bottom line

An independent mortgage lender and a big bank can both close your loan. The difference is what the mortgage is to each of them: the entire business, or one product among many. So let the structure argue for itself. Collect two same-day Loan Estimates, ask who underwrites the file, and ask who you actually talk to when something stalls. If you still need the vocabulary, the three-model explainer covers it. Then let page one decide.

Ready to run the comparison?

Tell us about the purchase or refinance, get a same-day quote from a Las Vegas loan officer, and stack it against your bank's offer. Call (702) 696-9900 or start online in about a minute.

Get your fast quote
Reviewed by
Vatche Saatdjian
President, Valley West Mortgage · NMLS #69363 · Company NMLS #65506

Las Vegas mortgage expert since 2004 · Equal Housing Opportunity. Valley West Mortgage is an independent mortgage lender with state licenses listed in NMLS Consumer Access and offices at 8010 W Sahara Ave Ste 140, Las Vegas, NV. Find a loan officer →

Sources

  1. Consumer Financial Protection Bureau — What is a Loan Estimate? A three-page standardized form the lender must provide within three business days of your application. Last reviewed August 2024: consumerfinance.gov
  2. Consumer Financial Protection Bureau — What is the difference between a mortgage lender and a mortgage broker? Defines a lender as a financial institution that makes loans. Last reviewed December 2024: consumerfinance.gov
  3. Consumer Financial Protection Bureau — What's the difference between a mortgage lender and a mortgage servicer? On who collects the payment after closing: consumerfinance.gov

Across Valley West: Program-specific questions have homes of their own. Visit the VA lending answers we keep for Nevada service families or our FHA playbook for Las Vegas buyers.

Keep reading

Last updated: August 6, 2026. Rebuilt on the current article chassis: added the underwriting, verification, and servicing sections, a side-by-side model table, two new FAQs, and companion links to the three-model explainer. Re-verified every CFPB explainer cited above. July 24, 2026: replaced a dead CFPB link. Originally published December 14, 2011.

The Analytics on Appraisals

The Analytics on Appraisals

What is an Appraisal?

An appraisal is a document provided by an appraiser (the person who conducts the appraisal report) that provides a professional estimate of the value of your home.

Appraisals are conducted by a third-party appraiser who is completely objective in their process. Appraisers do not work in favor of the lender nor the borrower. They simply conduct the appraisal and produce their findings.

Appraisals are most often conducted two ways. The first way an appraiser can conduct an appraisal is by noting comparables. Comparables, or comps for short, are properties within the neighborhood of the home you’re buying that are similar to yours. The appraiser will use the values of the similar properties nearby to determine the value of your home. The second way is by estimating how much it would cost to replace your home should it burn down or be otherwise destroyed. The appraisal will compile all of the findings of the appraiser including:

Why Lenders Need Appraisals

Lenders do not want to dish out more than the actual market value of the subject property. An appraiser’s goal is to determine that value. With this figure, the lender knows how much the property will sell for if you default on your loan. They also know how much they can lend to you without taking a loss if you default.

For example: If the subject property is appraised at $150,000 – that’s how much it will sell for on the open market. If your lender gives you a loan of $175,000 and you default on your loan, they now have to try to sell the home at a higher amount than what its appraised for, which can be difficult. If they end up selling the home for the actual market value, they’ve just lost $25,000. It is for this reason that lenders usually give a loan amount that is at or under the appraised value.

Why Borrower’s Need Appraisals

Appraisals are usually buyer paid and can be paid for at closing or during the application process. If you’ve signed a contract to buy a new home for $200,000 and the appraisal comes back valuing the home at $150,000, you should negotiate with your lender to lower the loan amount because you’re paying more for the home than it’s actually worth.

Overall, appraisals are a measure of protection. They ensure that neither party is lending or spending too much during the purchase process of a home.

 

 

 

 

 

 

 

When doing your research, always be sure to cite great sources! Check out the sources for this article below!

 

http://www.bankrate.com/finance/real-estate/why-does-the-house-need-an-appraisal.aspx

https://www.thebalance.com/mortgage-101-series-understanding-the-appraisal-process-2395231

https://www.thebalance.com/facts-about-residential-real-estate-appraisals-1797691

https://www.thebalance.com/appraisal-process-when-buying-a-home-2395235

 

WHITNEY RUSH, VALLEY WEST MORTGAGE

 

 


Flipping Houses in Las Vegas: How Flips Get Financed (and Sold)

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Flipping houses in Las Vegas: how flips get financed - and sold

VWVS Written by Valley West Editorial · Reviewed by Vatche Saatdjian, NMLS #69363 (Valley West Mortgage, NMLS #65506) · Expert-reviewed
Published September 9, 2015 · Updated July 24, 2026 · 7 min read

Valley West Mortgage is an independent mortgage lender, NMLS #65506, and is not affiliated with or endorsed by the Federal Housing Administration (FHA), HUD, the U.S. Department of Veterans Affairs, Fannie Mae, or Freddie Mac. This article is educational; every figure shown is an illustrative example - not a quote, offer, approval, or commitment to lend.

Quick answer: Flipping houses in Las Vegas usually runs on short-term money - hard-money loans, private capital, or cash - because speed and property condition rule out ordinary mortgages at the acquisition. Where a mortgage lender matters is the exit: the end buyer financing your finished flip (where the FHA 90-day flip rule can shape your timeline), or the refinance that converts a completed project into a cash-flowing rental instead of a sale.

Key takeaways

  • Acquisition money is speed money: hard money, private funds, cash, or equity from another property.
  • FHA buyers generally cannot purchase a home resold within 90 days of your acquisition - plan the calendar.
  • Rapid-resale markups get extra appraisal scrutiny; documented renovation records protect your sale price.
  • The keep-it exit: rehab, rent, then a DSCR refinance that qualifies on the property's rent.

Why flips are not bought with ordinary mortgages

Flip acquisitions compete on speed and certainty - auction purchases, as-is condition, ten-day closes. Conventional loans require habitable collateral and underwriting time, so active flippers use hard-money or private lending priced for months not decades, cash, or equity pulled from other property. That is the honest landscape; the mortgage industry's real role in flipping begins after the renovation.

The FHA 90-day rule: the calendar your buyers live under

If your likely end buyer uses FHA financing - common in entry-level Las Vegas price bands - HUD's property-flipping rules apply to your timeline. A resale within 90 days of your acquisition is generally ineligible for FHA financing outright, and resales between 91 and 180 days at a sharply higher price can trigger requirements for additional appraisal support. The practical move: date your acquisition, plan marketing around day 91+, and keep every renovation receipt and permit - the documented scope of work is what supports the new value when the appraisal gets its extra scrutiny.

The two exits, and where a lender fits

Flip exits compared
Sell (classic flip)Keep and rent (BRRR-style)
The money eventEnd buyer's purchase closes you outRefinance returns your capital
Financing involvedBuyer's FHA/VA/conventional loanDSCR loan qualifying on the rent
Timeline constraint90/180-day flip rules for FHA buyersSeasoning requirements on the refinance
Tax characterTypically ordinary income (ask your CPA)Rental income + long-term hold (ask your CPA)
What the lender needsRenovation documentation supporting valueMarket rent supporting the ratio

The keep-it path deserves more attention than it gets in Las Vegas: rehab the property, lease it, then refinance with a DSCR loan that qualifies on the property's rent rather than your tax returns - capital back out, asset retained, and the next project funded. What actually drives the appraised value either way is covered in our guide to what determines a home's value. If the finished home's rent will not cover the new payment, read what a DSCR below 1 means for that loan first.

Example borrower scenario

An investor closes an as-is purchase with hard money, completes a documented renovation in eight weeks, and lists at day 95 - past the FHA 90-day bar, receipts and permits in a folder for the appraiser. Two offers arrive: an FHA buyer (now eligible) and a conventional buyer. On the next project, instead of selling, the same investor leases the finished home and refinances into a DSCR loan, keeping the property and redeploying the capital. Illustrative only; tax treatment belongs to your CPA.

Holding a finished project and weighing the exits?

A Las Vegas loan officer can price the DSCR refinance on your rents and tell you what an end buyer's lender will want to see on a sale - both sides of the exit, one conversation. No obligation.

Get your fast quote

Flip financing FAQ

How do house flips get financed?

Most active flippers use short-term money: hard-money or private loans priced for speed, cash, or equity borrowed against another property. Conventional mortgages are built for longer holds - which is why they matter most at the flip's exit, not its start.

What is the FHA 90-day flip rule?

A property resold within 90 days of the seller's acquisition is generally ineligible for FHA financing, and resales between 91 and 180 days at sharply higher prices can require additional appraisal support. Flippers selling to FHA buyers need to plan their timeline around it.

What is the BRRR exit for a flip?

Instead of selling, the investor rehabs, rents the property, then refinances - often with a DSCR loan that qualifies on the rental income - pulling capital back out while keeping the asset.

Do lenders scrutinize flipped homes more?

Yes. Rapid resales at large markups draw closer appraisal review on most loan types, and underwriters look for documented renovations that justify the new price. Clean records of the work protect the sale.

Can I use a conventional loan to buy a flip project?

Usually not competitively - conventional loans require habitability and move too slowly for auction-style acquisitions. Their role is the exit: the end buyer's purchase loan, or the investor's refinance into a rental.

Sources

Facts last verified July 24, 2026 against HUD Handbook 4000.1.

Reviewed by
Vatche Saatdjian
President, Valley West Mortgage · NMLS #69363 · Company NMLS #65506

Las Vegas mortgage expert since 2004 · Equal Housing Opportunity. Valley West Mortgage is an independent mortgage lender with state licenses listed in NMLS Consumer Access and offices at 8010 W Sahara Ave Ste 140, Las Vegas, NV. Find a loan officer →

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Stop Assuming. Start Asking.

How many times have you made financial assumptions? Once? Twice? A billion times? The fact of the matter is that we all make financial assumptions in our daily lives. We assume that we are not financially stable enough to buy our dream home or to even pre-qualify for a mortgage loan. Making financial assumptions has to do with some kind of rash decision we made when we were younger. We really wanted the new iPhone and decided that it was worth over drafting our bank accounts for. We've all seen those really persuasive commercials that tell you "Now is the best time to buy".

It's no secret that what you do in the past may come back and bite you in the future. That's a part of life. Its called a learning curve. Why should that stop you from finding out if you are eligible for a home loan? The answer is quite simple. There are several factors that impact your chances of obtaining a home loan. Not every rash decision you have made in the past will effect your chances. The only way of finding out if you are eligible for a home loan is to ask a lending professional. That's where Valley West Mortgage comes in.

Just because you have a low credit score, a recent car payment and a few student loans, does not automatically disqualify you from becoming pre-qualified for a home loan. Although all three of those scenarios may count against your debt to income ratio, also known as DTI, it does not mean that you are out of the game. As long as you have a decent credit score and you can prove that you are able to repay your loan back on time, you may potentially qualify for a home mortgage loan.

Not being able to repay a mortgage loan is one of the top reasons why most home loan applications are denied. Instead of financial assumptions, you should reach out to a mortgage lending professional by calling or simply filling out the contact form below, to see if you can be considered for a home loan today.

Note: Not all applicants will qualify for a home loan. There are several factors that are taken into consideration for determining if one may qualify for a home loan. Please consult a mortgage lending professional if you have any questions.

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Watch Las Vegas grow in 30 seconds

Las Vegas, Nv -

In the last 40 years, Las Vegas has made a lot of changes. Here is a short clip provided by the Goddard Space Flight Center of our city moving city limits.


A New Study Shows How To Convert Foreclosures into Rental Properties

Las Vegas, Nv - Lewis Ranieri, the co-inventor of the mortgage-backed security, authored a research paper with University of California economist Kenneth Rosen that lays out the case for using federal entities to support private investors who are already converting foreclosed properties into rentals.

This Foreclosure to Rental model can more than likely be adapted into every market the United states currently offers. Mr Ranieri and Mr. Rosen have chosen the top ten markets where their research could benefit greatly. The cities listed are Chicago, Denver, Detroit, Oakland, Seattle, Minneapolis, and Los Angeles. The reasoning behind why these cities were picked is rather quite simple. These cities have a very high rental condition and high levels of bank-owned foreclosures.

Las Vegas, is not well suited yet because we have poor rental fundamentals despite a glut of bank-owned inventory. No matter what our city makes it's way on to every list created, Good or Bad. It just so happens that Las Vegas is one of the worst housing market in the United States, as well as having the highest unemployment rates.

The paper argues that existing industry and government effort to modify mortgages, while necessary, won’t alone be enough to deal with the problem of already vacant properties and those that may not qualify for modifications.

So why is the government needed? There’s two reasons: First, Fannie Mae, Freddie Mac, and the Federal Housing Administration sit on nearly half of all foreclosed properties, making them key sellers to investors that are converting properties into rentals. Second, Mr. Ranieri says investors could soak up the overhang of distressed properties even faster if Fannie or Freddie expanded their investor financing programs.

The paper includes a series of other interesting ideas that build on the rental-conversion idea:

• Employ a “rent-to-own” option that would allow tenants to allow some tenants to ultimately purchase their rental homes. Mr. Ranieri has already employed that option through his company, Selene Finance, which invests in distressed loans and homes.

• Raise the ceiling on the number of loans that Fannie and Freddie will guarantee to a single buyer. Currently, those limits are set at 10 and four, respectively, but Mr. Ranieri has argued that investors who make large down payments of 30% or 35% should be able to take out 25 mortgages. That would allow smaller investors to get more involved in repairing their local markets, even as federal officials consider structured sales of bulk properties to larger outfits.

• Change appraisal rules for investor purchases to evaluate the value of properties based on the rental income, rather than the traditional metric of “comparable sales.”

Other influential housing analysts, including Laurie Goodman of Amherst Securities, have also strongly backed policies

But the idea remains unpopular with the National Association of Realtors and major real-estate brokerages, which say that foreclosed properties are selling briskly and don’t need to be taken off the market.



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Valley West Mortgage, NMLS #65506. Equal Housing Opportunity.
Submitting this form is not an application and is not a commitment to lend.


Settlement offers help for Nevadans who faced foreclosures

Las Vegas, NV (KTNV) -- Las Vegas is one of the hardest-hit areas in the country when it comes to foreclosures, and residents are wondering how the new national settlement may help them.

There are still many questions regarding how the payout will reach those who need it most, and some worry that it's already too late.

"I went to home modification twice," James Miller, a Las Vegas resident who lost his battle with the banks, said. "And they say, 'we'll see what we can do about it.' Nothing happened."

Miller said he paid cash for his house, but was advised to take out a loan for $182,000. He couldn't keep up with the payments, and despite trying to work with Bank of America, he says they took over his home in August of 2011.

"It was our home," Miller said. "My wife was so aggravated, she had a stroke and died. That's not going to bring her back, nothing will bring her back, but I'd like to get my home back."

The government announced a $25 billion deal reached between 49 states and the nation's five largest banks on Thursday.

Those lenders were accused by the government of a long list of abuses- among them, robo-signing. Under this deal, about 1 million homeowners under water with their mortgages will have their debt reduced by lenders or be able to refinance at lower rates.

Another 750,000 Americans who lost their homes in the last three years will get a check for about $2,000.

Unsure on whether he qualifies for help in this settlement, Miller said he intends to find out.

"I'm 80 years old, and I got nowhere else to turn," he said.

Critics say the settlement will only help a small fraction of the millions of homeowners who are drowning under their mortgages, and it won't move anyone back into the home they lost to foreclosure.

The state Attorney General said Nevada will receive about $1.3 billion in benefits from loan modifications and other relief.

you can watch the news report Here


Falling rates help everyone

Las Vegas - It's going to happen again and again and Valley West Mortgage will keep reporting on it. Rates keep getting lower and lower. That couldn't make us any happier. Please Note: The actual interest rate you were quoted last week will have changed this week. Based on raw data from more than 20 leading lenders as well as feedback from the MBS Live community, the average Best-Execution rate, before rounding to the nearest eighth, hit its lowest level on record, 3.81%. Although 3.81% is closer to 3.75% than 3.875%, we won't declare 3.75% to be the Best-Execution champ until the average from our lender survey falls to 3.75 or lower, and we're not there yet. Please call your Local Mortgage Lender to find out more details.

Last week, we noted a high degree of stratification in rates as lenders responded to the bond market rally at different paces. This continues to be the case today, but perhaps to a slightly smaller extent. When we say that rate offerings are more stratified, we're talking about various lenders offering increasingly different rates to the same type of borrowers. Among some lenders in our survey, best-execution rates are still at 4.0%, while the bulk have moved down to 3.875% and 3.75%. The important point here is to not believe everything you read about mortgage rates these days, unless the source examines multiple lenders and offers the caveat that they can only report averages while individual experiences may vary.

For instance, several lenders are priced WORSE today than Friday. It's far more important to be working with someone you trust in a process that is more likely to hit its deadlines than to go overboard in pursuing the lowest possible quotes. In the current market, overfocus on lowest possible rates can lead to delays which can result in a higher rate than the one you were originally trying to avoid!


Loan Officers should always give you Contact Information

Weither you are a First Time Home buyer or an experienced Home Buyer, Dealing with a Local Mortgage Lender can be frustrating at times. Your point of contact with a Mortgage Company like Valley West Mortgage is always going to be through the Loan Officer. Loan Officers are defiantly a breed of their own, in a good way. We can vouch for that. Having a solid line of communication with that loan officer is the key ingredient when you apply for a home mortgage loan. Whether you use Email, Cell Phones, or the good old fashions Fax Line, A loan officer should always be able to communicate.

When you talk to a Loan Officer with any company, you should always ask for a few minor details. All should be answered with out hesitation if they are in fact a real loan officer. It's like asking someone for their ID at a bar. Very simple task for anyone over the age of 21. The same rules apply to Loan Officers.

SO what do you ask for?

When talking with your professional loan officer you may ask for a few certain details to prove the L.O.'s authenticity and the same for their company. Here is a short list of some of the things you could ask a loan officer for. Our Very Own Senoir Loan Officer, Jeff Gonzalez provided us with this list.

 

All of these items are very easy for a loan officer to obtain and provide at a clients simple request. A failure to provide the following information should result in you or anyone else shopping around for another Mortgage Company like Valley West Mortgage.

Valley West Mortgage wants all of our clients to provide all of the information needed to start a loan with our company. The same goes with any one of our professional Loan Officers providing any client with the information they need to make the best choices possible. Contact Valley West Mortgage today to talk with Senior Loan Officer J. Anthony Romero, or any of other Qualified Loan Officers. Tel: (702) 696-9900 | FAXL (702) 436-2400.


Talk to a Valley West specialist































Valley West Mortgage, NMLS #65506. Equal Housing Opportunity.
Submitting this form is not an application and is not a commitment to lend.


Qualifying for an FHA or VA loan date extended.

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, 2008. Under the restored limits the highest FHA loan available in designated high cost areas will be $729,750. "Loans written between October 1 and today's effective date of the new legislation will not be eligible for the new limits. Limits on VA loans will return to the levels established under the Veterans Benefits Improvement Act of 2008 which are, in some cases, higher than FHA limits", according to a recent post by Mortgage News Daily.


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