The Las Vegas housing market has cooled off in recent months, with home prices down about 2% year-over-year. This is due to a number of factors, including rising interest rates, inflation, and a decline in demand from investors.

Despite the recent decline, the Las Vegas housing market is still considered to be a buyer’s market. There are more homes for sale than there are buyers, and homes are taking longer to sell. This means that buyers have more leverage and can negotiate better prices.

If you are a new homeowner in Las Vegas, there are a few things you can do to help protect your property value. First, make sure your home is well-maintained. This includes keeping the exterior clean and free of clutter, and making repairs as needed. You should also keep your yard well-maintained and landscaped.

Second, consider making some upgrades to your home. This could include things like adding new flooring, painting, or upgrading the kitchen or bathroom. These upgrades can add value to your home and make it more appealing to buyers.

Finally, stay up-to-date on the latest housing market trends. This will help you understand how the market is changing and what you need to do to protect your investment.

Here are some of the reasons why property values in Las Vegas have decreased in recent months:

If you are a new homeowner in Las Vegas, it is important to be aware of these trends and to take steps to protect your property value. By keeping your home well-maintained and making some upgrades, you can help ensure that your home retains its value or even increases in value over time.

Here are some additional tips for new homeowners in Las Vegas:

Your Most Trusted Las Vegas Mortgage Broker

Aquino Capital Group, powered by Nexa Mortgage, is a trusted mortgage broker in Las Vegas that can help you with all of your home buying needs. We offer a wide variety of mortgage products, including conventional loans, FHA loans, VA loans, and USDA loans. We also have a team of experienced mortgage loan originators who can help you get the best possible mortgage rate and terms.

Aquino Capital Group is committed to providing excellent customer service. We are available seven days a week to answer your questions and help you through the mortgage process. We also offer a variety of resources to help you learn more about the home buying process.

If you are looking for a trusted mortgage broker in Las Vegas, Aquino Capital Group is the right choice for you. We will help you make your dream of homeownership a reality.

Here are some of the benefits of working with Aquino Capital Group:

If you are interested in learning more about how Aquino Capital Group can help you with your home buying needs, please visit our website or give us a call at (800) 846-0729 today!

Navigating the world of mortgages can be daunting, especially when your credit score isn’t optimal. If you’re wondering, “Can I get a mortgage with bad credit in Nevada?”, you’re not alone. Many potential homeowners face this challenge. Let’s delve into the rates, terms, and other essential components for people with bad credit in the Silver State.

Understanding Credit in Nevada

Credit is a reflection of your financial responsibility. Lenders use it as a tool to gauge your ability to repay loans. In Nevada, like elsewhere, maintaining a good payment history is the most influential factor for credit. It’s crucial to ensure timely payments on all your debts, from credit cards to utility bills.

Another vital element in the credit equation is revolving credit utilization. This refers to the ratio of your current credit card balances to your credit limits. A lower utilization rate can positively impact your credit score, while a high rate can be detrimental.

According to Experian, one of the three credit bureaus reported, Just one 30-day late payment can hurt your credit scores. Payment history is the most influential factor in calculating your credit score, accounting for roughly 35% of your FICO® Score.

Mortgage Rates and Terms for Bad Credit

In Nevada, individuals with a credit score below 620 are often considered to have “poor” or “subprime” credit. While traditional banks might be hesitant, there are lenders willing to offer mortgages to those with less-than-perfect scores. However, the terms and rates might be less favorable. For instance:

Interest rates for individuals with bad credit are typically higher. This is because lenders perceive a greater risk in lending to someone with a history of missed or late payments.

Aquino Capital Group: Simplifying Home Purchases for Bad Credit Holders

When you’re in the market to purchase a home with bad credit, we at Aquino Capital Group strive to streamline the process. Our team understands the unique challenges faced by individuals with lower credit scores. We offer tailored solutions, ensuring you get the best possible terms and rates.

What Is The Process Of Starting The Pre-Approval Process?

When you are in the market to purchase a home with bad credit, we at Aquino Capital Group try to make the process as simple as possible.  Contact us today to set up a free consultation. You can also fill out the Pre-qualification form to get a head start. One of our Agents will reach out to you shortly to discuss your options.

Aquino Capital Group has a national reputation for being able to do mortgage loans other lenders cannot do. We are very thorough when we are qualifying and pre-approving our borrowers. Once we issue a pre-approval, we are not just going to close but close on time.

The mortgage loan application can be completed online and is simple and streamlined. We will carefully review and analyze the data and credit and financial information. Either your assigned loan officer or mortgage process will work together as a team and have a common goal of having a smooth, stress-free mortgage process and home loan closing.

Final Thoughts

While having bad credit can be a hurdle, it’s not an insurmountable one. With the right strategies, tools, and assistance from trusted entities like Aquino Capital Group, homeownership in Nevada is within reach. Remember, rebuilding credit takes time, but with dedication and the right approach, you can achieve your dream of owning a home.

Aquino Capital Group
The Aquino Capital Group empowered by NEXA Mortgage LLC founded by brothers Nick and Michael Aquino, has a goal and mission to provide a level of service that is second to none.
Company NMLS: 1877202
Equal Housing Lender
Contact Us
9805 W. Post Rd
Suite 220
Las Vegas, NV 89148
(800) 846-0729
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Aquino Capital Group LLC empowered by NEXA Mortgage LLC, NMLS # 1660690
Corporate Address 3100 Ray Rd Suite 201 Office # 209| Chandler, Arizona 85226
Company NMLS 1660690| Branch NMLS 1877202| Company State License # AZMB-0944059, Branch 8905 W. Post Rd, Suite 220 Las Vegas, Nevada 89148

The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Mortgage loans may be arranged through third party providers.