About John Paul Mulchay
Prior to embarking on my Financial career, I spent 15 years working in Hospitality. My final six years of Hospitality work was with the Four Seasons Resorts, the global leader in customer service, and why service is so ingrained in my business practices. I was inspired to make a career change by two Real Estate Agents whose clients had suffered due to lack of customer service from their lending partners. They encouraged me to obtain my license to lend then partnered with me as their lender of choice and I’ve never looked back. Clearly the mortgage industry has changed since I originally licensed back in 2002 and I expect change to continue regarding guidelines, loan programs, and regulation. Driving my knowledge to be the accurate source of information for my clients and partners positions me to be a true asset to each of them. Staying proactive, driving my knowledge, and applying impeccable customer service allows me to stay nimble and remain comfortable with change to best serve my clients. Interestingly, I often receive calls from potential home buyers thinking they need 20% down to buy a house (not a requirement). There are many misconceptions about home loans that continually circulate—down payment requirements, fear of adjustable rate loans, what does pre-qualification mean, etc. I am your advocate. ASK ME! I take pride in understanding the “why” part of the business and understanding the “why” reduces anxiety during the home buying process. I was born and raised in Arizona where most of my family still resides. I spent nearly a year living in and travelling through Mexico, where my father was born. In fact, I bought a sail boat for that adventure although I had never set foot on a sail boat before buying one! Turned out to be a wonderful journey, met many wonderful and interesting people, and learned a lot about myself. I still love sailing to this day!
The right advice could help you find the right mortgage for you. Let's work together.
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The competitive edge you need to purchase the home you want. Get a fast approval with options as little as 3% down.
Current mortgage rates
Points:
| Loan Type | Rate | APR | Points | Mo. Payment |
|---|---|---|---|---|
| FHA loan | 6.500% | 7.467% | 0.483 ($1474.36) | $2066.19 |
* Rates current as of 4/16/2025 07:12 am, provided by John Paul Mulchay, for Clark County, NV, and are subject to change without notice.
Mortgage rates disclaimers
30 year, 15 year rate assumptions
- Purchase price: $437,500
- Down payment: 20.00%
- First Lien Position
- Primary residence
- 760 FICO Score
- 30 day rate lock
- 80.00% LTV ratio
FHA rate assumptions
- Purchase price: $310,880
- Down payment: 3.50%
- First Lien Position
- Primary residence
- 680 FICO Score
- 30 day rate lock
- 96.50% LTV ratio
Jumbo rate assumptions
- Purchase price: $1,200,000
- Down payment: 25.00%
- First Lien Position
- Primary residence
- 760 FICO Score
- 25 day rate lock
- 75.00% LTV ratio
VA rate assumptions
- Purchase price: $400,000
- Down payment: 0.00%
- First Lien Position
- Primary residence
- 680 FICO Score
- 30 day rate lock
- 100.00% LTV ratio
- Must meet eligibility assumptions to qualify
This is NOT a mortgage loan approval or commitment to lend.
The actual fees, costs, and monthly payment on your specific loan transaction may
vary, and may include city, county, or other additional fees and costs. Mortgage rates
are offered exclusively through Rate, Inc. and are subject to change without
notice. The payment amount does not include homeowners' insurance, flood insurance
(if applicable), or property taxes that must be paid in addition to your loan payment.
The displayed Annual Percentage Rate (APR) is a measure of the cost to borrow money
expressed as a yearly percentage. For mortgage loans, excluding home equity lines of
credit, it includes the interest rate plus other charges or fees (such as mortgage
insurance, discount points, and origination charges). These mortgage rates are based
upon a variety of assumptions and conditions, which include a consumer credit score
that may be higher or lower than your individual credit score. Your loan's interest
rate will depend upon the specific characteristics of your loan transaction and your
credit history up to the time of closing. Refinancing may cause finance charges to be
higher over the life of the loan. Rate, Inc. has no affiliation
with the US Department of Housing and Urban Development, the US Department of Veterans
Affairs, the Nevada Department of Veterans Services, the US Department of Agriculture,
or any other government agency.
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