Reno Mortgage Broker
Find a Reno, Nevada (NV) mortgage broker. We have access to several Reno mortgage lenders who are competing for your business. Let us do the shopping for you.
Reno, Nevada is home to 180,480 residents. Reno is a beautiful city that sits right on Lake Tahoe and has mountains looming in the background. The city has experienced steady growth in population in recent years which has caused the demand for housing to go up. The median house value is $158,700.
Nevada Loan Facts
- Community Property State - Since Nevada is a community property state, you must include the liabilities of both the husband and the wife when calculating debt-to-income ratios for a Nevada mortgage. You can still do a loan in one name, however, you must include the liabilities of both the husband and the wife.
- Low Closing Cost State - HUD has determined certain states to be high closing cost states and others to be low closing cost states. Nevada is classified as a low closing cost state due to lower than normal title fees and other closing fees.