mortgages

Mortgages

Move to Greater With a Credit Union Mortgage

Whether you’re refinancing, establishing a Home Equity Line of Credit or taking out a mortgage for your next (or first) home, Greater Nevada Mortgage (GNM), GNCU’s home lending subsidiary, stands ready to provide you with solutions that fit your goals and lifestyle.

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Nevada Down Payment Assistance Programs

The Silver State offers several attractive programs for first-time (and in some cases, experienced) homebuyers. Greater Nevada Mortgage invests time and trains our team to be experts helping you take advantage of these valuable solutions.

Helping the Yellowhairs Buy Their First Home

After hearing no from other mortgage lenders, Justina Yellowhair thought the dream of homeownership was out of reach for her family. But thanks to help from GNM, Justina secured a grant to put toward a down payment on their first house.

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Discover What Makes Us Greater

As a credit union, all of Greater Nevada is focused on providing value to our members and communities — and not shareholders like at a traditional bank. We’re here to serve your best interests, whether it’s with real estate mortgages, personal banking and loans, business banking and loans or other financial services.

Greater Nevada Credit Union Mortgage Loans

When it comes to home loans, our options are as diverse and wide-ranging as Nevada. From standard mortgage loans to refinancing and home equity lines of credit, we’re confident we have something that’s right for your goals. 

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Home Loans

From fixed rate to adjustable rate — and even jumbo — home loans, we have many different options at competitive interest rates and flexible terms. Not to mention down payment assistance programs and other special offers to help turn homeownership dreams into reality.

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Mortgage Refinancing

Reasons to explore mortgage refinancing could be for lower monthly payments, a better rate, and accessing your home’s equity through a cash out refinance.

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Home Equity Line of Credit (HELOC)

A HELOC is a great way to use the available equity from your home as a line of credit, much like how a credit card operates, to pay for things like home improvements, debt consolidation, and more. Limited-Time Offer: Take advantage of a rate discount based on how much you borrow at account opening!

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Affordable Entry Into Homeownership: Explore a 5/5 Adjustable Rate Mortgage (ARM)

Greater Nevada Mortgage’s 5/5 ARM makes homeownership more affordable for first-time homebuyers and those restarting the mortgage process. With a low fixed interest rate for the first five years, borrowers can enjoy predictable monthly payments and peace of mind. After five years, the interest rate adjusts to market conditions and continues to do so only every five years after that. Get started now with as little as 10% down and a FICO score as low as 640.

Why Go With Greater Nevada Credit Union for Your Mortgage?

Want a personalized mortgage experience? Our team of home loan experts at GNM have the know-how and insights to help you with your next purchase, refinance or HELOC. Think of us as your friendly, local guides for each step of the mortgage process.

We’ll work to find the loan that best suits you, which includes options like:

We can also see what down payment assistance programs could be available (which aren’t limited to only first-time homebuyers).

We live here. We raise our families here, so we’re kind of partial to the place! That’s why our local team is committed to serving you and the needs of the communities across Nevada with every interaction.

According to the National Institute to End Homelessness, nearly 7,000 Nevadans experience homelessness on any given day. Of these, nearly 20% are children and teens. GNM’s Keys to Greater program donates a portion of the revenue from every mortgage or refinance to community organizations that address homelessness.

Frequently Asked Questions (FAQs) About Mortgages

What do I need to qualify for a mortgage from Greater Nevada?

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Just like the snowflakes that fall gently in the many different mountains across the Silver State, each and every loan we offer is truly unique. Still, there are some common requirements for all loans. We’ll look at your credit score, your employment history, your assets, other loans and income to get a better picture of your eligibility. Other factors include loan amount, terms desired, debt-to-income ratios, down payment amount and location of your primary residence. If you want to start gathering things together now, then take advantage of GNM’s handy mortgage documents checklist.

What factors can affect my monthly payment?

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Several different factors will play a part in determining what your monthly mortgage payment will be. They include, but not limited to, the term length, interest rate, type of mortgage, mortgage insurance premiums and, of course, the loan amount will all factor into a decision about how much your monthly payment will ultimately be. Applying and working closely with your GNM mortgage consultant will give you a better understanding of what your payments will look like.

What other fees and payments should I be aware of?

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When taking out a loan for a home, it is important to consider other fees and payments that may be involved beyond your basic loan amount, as outlined in the loan’s terms and conditions. Greater Nevada requires Private Mortgage Insurance (PMI) on conventional loans where the Loan-To-Value ratio (LTV) is more than 80% of the home’s original price or appraised value. If your down payment is less than 20% on a conventional loan, you must have PMI. The premium for the insurance is included in the monthly payments on your mortgage. Other fees may be applicable depending on the loan type.

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Get Started With Your Greater Nevada Credit Union Mortgage Today

Ready to see which loan is right for you? Get started through these links. 

Other Loans You Might be Interested in

Greater Nevada members enjoy a wide variety of loan types built for every stage and need in life. From car loans to business loans to loans that help you further your education, we’re here when you need us. Explore our array of loan options below:

Greater Nevada Mortgage | NMLS ID: 279738 | CA ID: 41DBO-61467 | Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act