FHA Loans in Las Vegas

Buying your first home in Las Vegas doesn't have to mean saving for years. An FHA loan is one of the most popular options for first-time home buyers in Nevada because it is built for people with modest down payments and less-than-perfect credit.

Who an FHA loan is for

  • First-time home buyers in Las Vegas, Henderson, North Las Vegas and Summerlin
  • Buyers with smaller savings for a down payment
  • Borrowers rebuilding credit
  • Buyers who want to combine FHA with Nevada down payment assistance such as Home Is Possible

FHA isn't only for first-time buyers. Anyone who meets the guidelines and will live in the home can use it.

How it works

FHA loans are made by approved lenders and insured by the Federal Housing Administration. That insurance lets lenders offer flexible qualifying. In exchange, you pay an upfront mortgage insurance premium (usually rolled into the loan) and an annual premium included in your monthly payment.

Basic requirements

Guidelines change and lenders can add their own requirements, but in general:

  • Down payment: as little as 3.5% with a credit score of 580 or higher. Scores of 500–579 generally require 10% down.
  • Primary residence: you must live in the home.
  • Loan limits: FHA sets county loan limits, and Clark County has its own. Check the current limit for your price range.
  • Steady income and manageable debt, verified with standard documentation.
  • Property standards: the home must pass an FHA appraisal.

The Las Vegas angle

FHA works well with typical Las Vegas Valley condos, townhomes and single-family homes, from older neighborhoods to new builds in Henderson and the northwest. Condo projects must be FHA-approved, so ask before you write an offer. Many Nevada buyers also pair FHA with down payment assistance to cover part of the down payment or closing costs.

As a Las Vegas mortgage lender working through NEXA Mortgage, Edward can compare FHA pricing across multiple lenders so you aren't stuck with one bank's terms.

Talk to Edward

Ready to see what you qualify for? Apply Now or call/text Edward directly at 702-354-6071.

Edward Anderson, NMLS #811672 | NEXA Mortgage, LLC, NMLS #1660690 | Equal Housing Opportunity. Not a commitment to lend; all loans subject to credit approval.