Bill Ferrall is a 29-year veteran of mortgage lending here in Northern Nevada. Having started his career in 1992, in the East Bay Area of Northern California, and moving to Incline Village in 1994, he is well versed in complicated transactions. Bill specializes in self-employed buyers, 1031 exchanges and Second Home purchases of multimillion-dollar homes in Lake Tahoe. Lending today, with all income types, especially the self-employed, takes a level of understanding not often found in loan originators. Bill knows the options available and has been known to step into transactions that were declined by big bank lenders and secure financing for these complicated loans.

When asked “What is your favorite part of being a lender”, he responded: “Helping homebuyers understand their options, structuring loans to meet specific financial goals and helping first time homebuyers. Nothing gives me more joy that hearing “Thank you so much for making this dream a reality for my family.””

Mortgage underwriting has become quite cumbersome since the financial collapse in 2008, the implementation of the Dodd Frank Act and specifically the Ability to Repay rules. Most lenders have taken an overly conservative approach, telling well qualified buyers they are unable to help them because they are self-employed, or their tax returns need two years history thus preventing them from getting a loan. Bill has answers to most of those situations and being a true Mortgage Broker can often find solutions no one else can.

You owe it to yourself to speak to an industry veteran that has seen many cycles in Real Estate and Lending practices. Give Bill a call today and explore together what is possible for your unique situation.