Premier Mortgage Lending offers homebuyers alternative financing

Premier Mortgage Lending's privately funded Another Chance Home Loan Program is available to Southern Nevada homebuyers who want to take advantage of the present buyer's market.

"Now is definitely a great time to buy a home in Southern Nevada with the influx of homes for sale at incredibly low prices. Some Nevadans who want to purchase a home may feel as if they can't for years to come because of a financial downturn, foreclosure or short sale. However, these potential buyers may be able to take advantage of today's amazingly low-housing prices and buy a home of their own through Premier Mortgage Lending's Another Chance Home Loan Program," Manager Rick Piette said.

"Throughout the summer, Premier Mortgage Lending has helped potential buyers determine their buying capacity and connect them to the type of mortgage that best meets their needs through complimentary mortgage prequalification," Piette said. "We've referred some prospective borrowers to traditional mortgages, while others with a recent short sale or foreclosure have discovered that they, too, can purchase a home by obtaining a loan through our privately funded program.

Through it, private and institutional-portfolio lenders offer home loans for 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 approval, according to the program.

"Another Chance provides many Nevadans the option of purchasing a home at today's low-housing prices rather than relying on landlords and paying rent that is often more than what the mortgage payment would be on the same type of home," Piette said.

For more information on the program, mortgage prequalification, or scheduling an appointment, call 702-485-6600 or visit AnotherChanceNevada.com.

Premier Mortgage Lending (NMLS 393282) is located at 8689 W. Sahara Ave., No. 100. The company is a member of the American Association of Private Lenders, Las Vegas Chamber of Commerce, Better Business Bureau and Southern Nevada Home Builders Association, as well as an affiliate member of the Greater Las Vegas Association of Realtors.