Over the past several years, home refinancing due to low interest rates and special government programs like the Home Affordable Refinance Program (HARP) fueled a huge boom in the mortgage market. At the same time, inventory levels fell to record lows in Nevada, preventing many buyers from purchasing a new home.
With interest rates going up, more inventory becoming available, and investors on the sidelines, the purchase market in Nevada is heating up.
“We’re expanding our team with seasoned loan officers who have consistently originated purchase loans,” said Mike Gould, senior vice president and residential mortgage lending manager. “While other organizations are downsizing the large refinance teams they have built over the last few years, Nevada State Bank is growing our purchase team to handle the demand of first-time home buyers, and move-up clients in the communities that we serve.”
Nevada State Bank helps Nevadans become homeowners through a full spectrum of residential lending, whether someone is starting out small as a first-time buyer, upgrading for a growing family, shifting gears to a retirement home or building the custom home of their dreams.
“Whether it is first-time home buyers looking for help in finding the right programs like down payment assistance, grants and tax credits, experienced home buyers looking for a product that fits the unique needs of their family, or luxury buyers with complex tax returns, Nevada State Bank has local, experienced mortgage teams that are accessible, available, and ready to help,” said Gould.
Homebuyers must meet certain qualifications to receive the best rates and loan terms. Homebuyers interested in learning more about mortgage financing options available from Nevada State Bank can call 1-866-950-2955 for more information and details or visit www.nsbank.com/mortgage.
About Nevada State Bank
Nevada State Bank, with assets of more than $4.1 billion, is the largest state-chartered bank in Nevada. Established December 9, 1959, Nevada State Bank celebrated its 50th anniversary throughout 2010. A full-service bank with more than 50 branches statewide, Nevada State Bank offers a complete range of consumer, private and business banking services. It is a subsidiary of Salt Lake City-based Zions Bancorporation, one of the nation’s premier financial services companies. For more information on Nevada State Bank, call 800-427-4743 or access www.nsbank.com.