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Home > Financial Services > Mortgage Brokers > Sierra Pacific Home Loans, Inc.
Sierra Pacific Home Loans, Inc.
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
Sierra Pacific Home Loans is a mortgage banking institution organized October 1, 1978 and is dedicated to providing integrity, service and technology to provide the best available financing options for the borrower. Sierra Pacific has developed an excellent reputation throughout the industry. Over 75 percent of its business comes from referrals and repeat customers.
Sierra Pacific is a full service mortgage banker that is an approved seller/servicer for the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. It is also an approved lending institution for the Federal Housing Administration and the Veterans Administration, with Federal Housing Administration Direct Endorsement and Veterans Administration Automatic Lender with LAAP privileges. LAAP privileges allow Sierra Pacific to process and approve the Veterans Administration appraisal.
If you are 62 years of age or older, they are a way to borrow against the equity in your home to provide you with tax free income. You continue to own, and live in, the home for the life of the loan. There are no loan payments until the loan ends. The money you receive can be in the form of a lump sum of cash, Regular monthly payments for your life or for as long as you live in the home.
A Reverse Mortgage is a popular home loan just for senior home owners. If you qualify for a Reverse Mortgage, you will not have to make monthly payments on the loan. Instead, the lender pays you.
The company is also approved by major investors and conduits. These relationships allow Sierra Pacific to provide you a very wide variety of loan programs to meet your individual needs.
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