Valley West Mortgage Reviews

Valley West Mortgage is a mortgage lender based in Las Vegas, Nevada, and licensed in 32 states. The company offers a variety of loans, including conventional and government-backed mortgages and refinances. According to the company’s site, Valley West was founded in 2004 and reports funding over $6.6 billion in loans.

To begin the Valley West Mortgage application process, you’ll first request a quote online. After that, a mortgage advisor will reach out to discuss your options and answer any questions.

When you’re ready to apply, you can do so online, over the phone or in the Las Vegas office if you happen to live nearby. The company claims the application process takes about 10 minutes. Once that’s done, Valley West will run credit checks and verify your information.

If everything checks out, you’ll receive your loan disclosures either through email or FedEx. Once you sign and return your documents, the loan will proceed to underwriting and then closing.

» COMPARE: Mortgage lender companies

Valley West Mortgage application features

Valley West Mortgage doesn’t publish rates on its website, but you can request a personalized quote online. To get started, just fill out a short form with basic details about the type of mortgage loan you’re looking for.

The quote process won’t trigger a hard credit pull, so your credit score won’t be affected. Personalized quotes are more useful than a generic rate range since factors like loan type, credit history and market conditions all play a role in what you’ll actually pay.

» MORE: Check today’s mortgage rates

Valley West Mortgage offers a wide range of loan types for home purchases and refinances.

Purchase loans

• Conventional mortgages: A standard mortgage that’s not backed by the government
• FHA loans: A mortgage issued and backed by the FHA, typically for first-time home buyers
• VA loans: A government-backed loan for eligible veterans, active-duty military and some surviving spouses
• USDA loans: A government-backed mortgage primarily aimed at low- to moderate-income buyers in rural areas
• Nonqualified mortgages: Loans with more flexible criteria for borrowers with nontraditional income or credit histories, like those who are self-employed or gig workers

Refinance loans

• Rate-and-term refinance: Replaces an existing mortgage with a new one, usually with a lower interest rate or a different loan term
• Cash-out refinance: Refinances a home for its current value, with the homeowners taking the equity as cash

» MORE: Refinancing a mortgage

Valley West Mortgage doesn’t publish specific requirements for its loans. However, we can provide some general guidelines:

• Conventional loans: Conventional mortgages typically require a minimum credit score of 620 and a down payment of at least 3% of the home’s purchase price
• FHA loans: FHA loans require a credit score of at least 500 for a 10% down payment or 580 for a 3.5% down payment.
• VA and USDA loans: These loan requirements vary from lender to lender. Minimum credit scores are often around 620, but some lenders accept lower. Most of the time, no down payment is required.

Valley West Mortgage doesn’t publish information on costs or fees, which can vary widely depending on the loan. That said, closing costs are generally between 2% and 5% of the purchase price of a house.