Most Nevada businesses will one day need to use the services of a Nevada mortgage company. The truth is that it is very difficult for companies, especially new companies, to finance the purchase of their business location. Nevada mortgage brokers help you finance this purchase.

Working directly with mortgage lenders in Nevada can give you an advantage over working with national companies. Nevada lenders are familiar with Nevada state laws and any fees that may come with Nevada mortgages. Sometimes, you are even able to negotiate a lower rate when you work directly with Nevada lenders.

When looking at mortgage lending companies in NV, you should:

1. Compare rates with a variety of companies, including both local NV mortgage lenders and nationwide providers.
2. Find a Nevada mortgage lending company that has experience with business mortgage financing.
3. Have your lawyer looking into the zoning laws before purchasing any property.
   

Action Steps
The best contacts and resources to help you get it done

Check qualifications of any Nevada mortgage brokers you do business with

The first thing that you should do when looking for mortgage lending companies in Nevada is to verify their qualifications. One way to do this is by checking with the state government to see if the mortgage lender in NV has a license to do business in Nevada

I recommend: The Mortgage Lending Division of the Nevada State Government allows you to search to see if a company has a license.

Use online sources to compare the rates of mortgage lenders in Nevada

By filling out a simple application form, you can receive quotes on Nevada mortgages from several lenders. You will receive quotes from both nationwide and Nevada lenders.

I recommend: Lender411 offers free mortgage quotes on Nevada mortgages, as does LoanNetwork.com.

Talk to local Nevada banks about their programs

Many businesses find that it is best to do business directly with Nevada banks. This offers an advantage over nationwide lenders, as you are often able to negotiate the rate.

I recommend: Nevada State Bank offers mortgage options that may work for you. The Bank of Nevada also offers commercial real estate loans to small businesses.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Mortgage rates fluctuate over time, so when comparing the rates of mortgage companies in NV, make sure that the rates that you see are from the same period. You need to make sure that you are comparing apples to apples.
• •  Make sure you have excellent credit and a solid business plan before speaking with mortgage lenders in Nevada. The company will decide whether to give you a loan based on these two things.