Spotlight on Business
MetLife Home Loans
by Dianna Herra
Las Vegas area is considered “ground zero” for the real estate bust and is often the focus of many articles and news reports. Depreciation, foreclosures, and short sales have been the “norm” for several years. However, among all the negative press there are signs that we may be, finally, in some recovery. First, our rate of depreciation appears to be abating. According to the Federal Housing Finance Agency, which measures depreciation on all re-sales in metro Las Vegas, our year or year rate of depreciation “peaked” in the 4th quarter of 2008 at -33.77%. As of their last report, 3rd quarter of 2010, the rate of depreciation in our market declined to -8.38%. Although this is still negative, the decline is slowing which is a good thing. In addition, Marketrac lending reports shows homes are still selling in our market! For the year 2010, there were 27,574 homes sold in the metro Las Vegas market for over $4.4 billion in sales.
Since my husband and I relocated from Illinois to Boulder City in 2003, we have seen the market change, but not with the same impact as in Las Vegas.
I have been in the Banking and Mortgage industry for 21 years. I have worked in many different areas including processing, underwriting, and originating. I have been working with the same group of people for 7 years. My team is very experienced and we are very fortunate to have a company that is committed to being in the Mortgage business and wants to lend money.
MetLife has been working on getting an office in Boulder City for several years because we realize how important it is to be here locally for the residents. Thus, the Boulder City MetLife office opened our doors January 11, 2011.
We specialize in residential mortgages for purchase or refinancing. We offer first time homebuyer programs that assist with down payment. We also offer traditional financing including FHA, Conventional, VA and Jumbo loan programs.
I am very happy to work and live in Boulder City, and very grateful to everyone who has put their trust in me. I am looking forward to assisting my Boulder City neighbors for all your financing needs. After I walk you through the process, you will be well informed and educated regarding a loan program best suited for you.
Come and see me at:
MetLife Home Loans
916 Nevada Way, Suite 8
Boulder City, NV 89005