First Time Home Buyer Mortgage Programs in Reno, Nevada

MOTTO MORTGAGE ALL STAR in Reno, NV offers a wide range of loan programs for borrowers with less-than-perfect to perfect credit, as well as special benefits for first-time homebuyers.

FHA Purchase:

VA Purchase:

USDA Purchase:
  • FICO scores down to 580, with 3.5% downpayment
  • FICO scores down to 580, with 10% downpayment
  • Owner-occupied properties only 1-4 family dwellings
  • Up to 30-year fixed rate term
  • Down Payments as low as 3.5% with qualifying credit
  • Gift funds allowed per FHA guidelines
  • No prepayment penalties
  • Non-occupant co-borrowers are acceptable
  • For Military Veterans, who have served 180 days of active duty
  • FICO scores down to 580, up to 100% LTV
  • No down payment required
  • No mortgage insurance required
  • Owner-occupied properties only
  • 30-Year fixed-rate term
  • Lower origination fees, appraisal fees, and closing costs
  • No prepayment penalties
  • Multiple properties allowed
  • FICO scores down to 580
  • Household income limit $86,850-$114,650
  • No downpayment requirement for qualified borrowers
  • Seller can pay closing costs and pre-paid (restrictions apply)
  • Reduced mortgage insurance premium compared to FHA & Conventional financing
  • Funds can be used for repair and/or renovation