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Credit for housing mortgages now takes longer for luxury condo buyers in Las Vegas real estate.  Condo hotel units are currently appraised at a significant discount from the contracted price several years ago.  Some units are valued 30 percent less and the mortgage lender is lending on the current appraisal.  Most Las Vegas condos on the Strip had a deposit from 20 to 30 percent down.

Continue reading Credit For Housing Mortgages Now Takes Longer For Luxury Condo Buyers

KB Home Las Vegas new home buyers can lock in a mortgage interest rate while their new homes are being built through a special rate lock program from Countrywide KB Home Loans, according to Tim Ryan, vice president of the joint venture between KB Home Las Vegas and Countrywide Home Loans Inc.

The new home in Las Vegas mortgage interest rate lock program is available on all first mortgages. It allows new home buyers to lock a maximum rate up to 14 months before the closing of their Las Vegas new home. Additionally, if mortgage interest rates fall, buyers can lock the lower rate within 45 days before closing.

“It’s hard for home buyers to budget on today’s mortgage interest rates when they won’t take delivery of their homes for several months,” Ryan said. “The changing market leaves many new home buyers wondering what will happen if interest rates go up before they close on their homes.”

Continue reading KB Las Vegas New Home Buyers Lock Mortgage Interest Rate

Canyon Springs by Lennar Homes Las Vegas is offering new homes in Las Vegas home buyers incentives to move into a new home in its Canyon Springs neighborhood in the northwestern portion of the Las Vegas Valley.

The Miami-based builder’s Summer Advantage Program offers Las Vegas home buyers who want to make the move within the next two months savings of up to $10,000, low-interest rate loans and a variety of additional bonuses. The Las Vegas homes for sale are priced in the $300,000.

“The Canyon Springs Summer Advantage Program also is a great way to highlight the myriad of lifestyle advantages you’ll enjoy as a homeowner,” sales agent.

The Lennar Homes summer closing deal includes the area’s two single-level homes. The 1,912-square-foot La Jolla new home in Las Vegas includes four bedrooms, two baths and a great room design that can include a computer work space in the main living area. The Las Vegas home also features a three-bay garage and a front courtyard.

“With a central computer work space, parents can easily supervise their children’s Internet access and computer games content,” Valdez said. “It also makes the computer easily accessible to the entire family.”

Continue reading Canyon Springs By Lennar Homes Las Vegas Offers $10,000 Rebate