Premier Mortgage Lending offers Another Chance Home Loan program

In the wake of tightening mortgage requirements, Rick Piette is connecting homebuyers to mortgages through the privately funded Premier Mortgage Lending and its new Another Chance Home Loan Program.

"There is a gaping hole and need among Southern Nevadans who want to purchase a home, but are unable to because of the current mortgage requirements or because their past includes a short sale, foreclosure or bankruptcy," Piette said. "There are a lot of homes for sale and a lot of Nevadans who would love to buy them at today's low prices, but they can't for whatever reason. Premier Mortgage Lending offers these borrowers this opportunity through our privately funded Another Chance Home Loan Program."

Piette encourages prospective home shoppers to become prequalified for a mortgage to determine not only their buying capacity, but also the mortgage program that best meets their needs.

"Premier Mortgage Lending offers prequalification at no cost, and whenever possible we absolutely, 100 percent, refer prospective borrowers to traditional mortgages. But, for those who don't, we may be able to connect them to full-documentation loans through our Another Chance program," Piette said.

Through the program, private lenders and institutional-portfolio lenders offer home loans in the purchase of residential properties. Full documentation underwriting guidelines are followed, and at least a 20 percent down payment is required. Borrowers may close within 30 days from the time of loan.

"Another Chance is a win-win-win-win program for buyers, investors, the state of Nevada and the Las Vegas community," Piette said. "It's a win for borrowers because they do not have to rent. They can take advantage of today's low-housing prices to buy a home of their own with mortgage payments lower than rent.

Premier Mortgage Lending, 8689 W. Sahara Ave., is open from 8 a.m.-5 p.m. Monday through Friday. For details or to schedule an appointment, call 702-485-6600 or visit AnotherChanceNevada.com.