Washoe County Home Loans

Mortgage rates fluctuate daily based on market conditions, loan type, credit score, and down payment amount. Currently, rates range from approximately 6.5% to 7.5% depending on these factors. FHA and VA loans often have competitive rates compared to conventional loans. Contact us for your personalized rate quote based on your specific situation.

Generally, you can afford a home priced at 3-5 times your annual household income, depending on your debts, credit score, and down payment. With the median Washoe County income around $75,000, that translates to homes in the $225,000-$375,000 range. However, lenders also consider debt-to-income ratio, which should typically be below 43%. Use our affordability calculator for a personalized estimate.

Yes! The Nevada Housing Division offers down payment assistance programs for first-time buyers and qualified repeat buyers. Programs include Home Is Possible with up to 5% assistance, and various conventional and FHA loan options. Eligibility is based on income limits, purchase price limits, and credit requirements. We can help you apply for programs you qualify for.

Reno offers urban amenities, walkable downtown areas, and proximity to entertainment and culture. Sparks provides more family-oriented neighborhoods, excellent schools, and slightly lower home prices. Both cities have similar access to outdoor recreation and employment centers. From a lending perspective, there's no difference—loan programs and rates are the same for both cities.

Yes! We offer financing for second homes and vacation properties in Incline Village and throughout the Lake Tahoe area. Second home loans typically require 10-20% down and slightly higher interest rates than primary residences. Due to higher property values in Incline Village, many purchases require jumbo loans. We specialize in luxury property financing throughout Washoe County.