Mason-McDuffie Mortgage - since 1887
Mortgage Banker
Reno Branch Office Serving All of Nevada

Funding $1,000,000,000.00 plus in loans 2012 and breaking monthly records in 2013!!

   Welcome to our Website! 

If you're looking for personal service and a loan officer who will be your contact from start to speedy finish, you've come to the right place!  We're lending professionals with many years of experience and are both long-time Nevada residents. 

APPLY ONLINE HERE

Home Shopping? 

Over-bidding and multiple offers are back in this seller's market.  You'll need to be pre-approved and ready to make offers - contact us today and let's get started.

GREAT Down Payment Assistance PROGRAM **  Non-repayable grant funds equal to 4% of loan amount - use for your down payment / closing costs!   Nevada Rural Housing Home At Last - Access - click here for details and come back to us for the loan!  YES - Sparks properties are eligible!

Hate Surprises?  We can underwrite your file before you find a home.

Help strengthen your offer and shorten the closing time.  We can fully underwrite your income, assets, and credit to  issue you a certificate of approval. These certificates let listing agents know that an underwriter has approved you and has already reviewed your backup documentation.   Surprises are great fun- but not when you're buying a house!

Rate Shopping?

If your rate quote from another lender includes 1% origination,  ($1,000 for each $100,000 you're borrowing) you may be paying more for the same interest rate we can offer without an origination.  We only charge origination fees on state down payment assistance loan programs.

What's Popular in Lending Sping 2013?

PURCHASE PRODUCTS INCLUDE

• No Down Payment- VA Veterans up to 100% financing of purchase price and lower closings costs - Vets are not allowed to pay certain closing costs.  No monthly MI or PMI insurance to pay.
  
• USDA Rural Home Loan- 100% - owner occupied for outlying areas such as Cold Springs, Washoe Valley, Incline Village (yes)  Minden, Garderville, Fernley, Fallon, Stateline.   Includes monthly MI insurance.
  
• Down Payment Assistance not limited to first time buyers; use with Veterans VA, FHA or USDA Rural Housing loans.
  
• 20% down investment properties.  Homepath homes 10% down (FannieMae foreclosures)
  
• 3% Down Owner Occupied including condos in Washoe County
• 3.5% Down FHA up to 4 unit properties owner occupied.  We also offer rehab/repairs 203K purchase or refinance
• First Time Buyers - Down Payment/Closing Cost assistance and hand holding if needed.  Bond program available statewide in Nevada;
  
• HomePath - financing for Fannie Mae FNMA foreclosed properties, includes rehab program, no appraisals required.  Owner occupying borrowers get first look at properties!
  
• Reverse Mortgage - Yes you can buy a home using a reverse mortgage and save money by only having one escrow.

POPULAR REFINANCES 2013

• HARP 2 click here for more information for upside down properties.   YOU DON'T BORROW MORE, YOU JUST BORROW BETTER! Want more information - Call us or send us an email  aka Making Home Affordable Refinance or MHA. 
  
  No appraisal needed in most cases.  No monthly PMI on loans not already requiring it despite being upside down.  GREAT REFINANCE FOR INVESTMENT PROPERTIES AND SECOND HOMES!!   How far upside down can you be?  Unlimited programs available!

• FNMA FannieMae direct lenders.  We can sell our loans direct to FNMA or use one of our investor banks - result = flexibility!  Investors have overlays they add to guidelines; going direct avoids many of those overlays.
  
  
• Streamline - FHA and USDA.  We are participating in the USDA piilot program with no appraisals needed so they are perfect for upside down properties.  We can now roll in closing costs on the USDA program.  FHA closing costs are not rolled in without appraisals however we are usually able to cover the majority of the costs with rebate pricing and rates are low!

• VA Cash out and IRRL - interest rate reduction loan - streamlined refinance for our Vets.  Appraisals may not be required depending on existing lender.  Cash out VA loans to 100% of value up to $417,000;

•  VA jumbos available over $417,000.00 - 100% to $417,000 and amounts over $417,000 based on value/loan amount.

• Cash Out Refinances owner occupied 85% and investment properties

• Conventional  Rate/Term refinance.  Owner occupied & investment properties  - aka cookie cutter or vanilla. Rate Term = not taking cash out with the new loan or rolling in certain 2nd mortgages.
  

• Reverse Mortgage - for our seniors 62 years young.  

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Click here for Program Details  or go to Loan Options Tab

Check out our Mortgage Calculators to estimate the monthly payments on your purchase or savings on your refinance.  Should you buy or rent?  Should you refinance now?

Why Choose Us?

If your loan doesn't close, we don't get paid - talk about incentive!  Our commission is not based on your loan rate.

Flexibility - because we're licensed as a mortgage banker and broker, we have access to loans that don't fit nicely inside the cookie-cutter box.  Selling directly to FannieMae is also a wonderful tool !!

We understand life in Nevada like tip income at Casinos and also the economic challenges we've faced the past few years with declining construction jobs, commissions, and job gaps - thank goodness it's getting better and building is back!!

If you have a mortgage question, call us - helping you figure out Lending 2013 is what we do! 

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Jerald (Jerry) Saffle                                   Tomilee (Tomi) Fratto

Manager Credit Union Division NV                   Senior Loan Officer      

775-225-0707                                                                         775-624-5109

NMLS #240801                                                                       NMLS #320485

email                                                                                         email                                                            >>>>>>>>>>>>>

Apply Online, By Phone, Person, or By Email

For more information on Mason-McDuffie Mortgage Corporation click here

Serving the entire state of Nevada including Reno, Incline Village, Carson City, Sparks, Fernley, Fallon, Elko, Cold Springs, Las Vegas, Gardnerville, Minden.

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Mason-McDuffie Mortgage Corporation

985 Damonte Ranch Parkway #220

Main phone:  775-624-5099

Reno, NV  89521

 NMLS #1141  Branch #3681

Easy to find off 395 fwy - Exit 59  - head east and turn left at the Promenade stoplight and left into our parking lot  - take the elevators to the 2nd floor.  If you reach RC Willey, you've passed your destination !