- FHA loans allow as little as 3.5% down with a 580+ score.
- An upfront MIP of 1.75% is financed into the loan; an annual MIP is added monthly.
- FHA loans are insured by HUD and follow flexible qualifying guidelines.
- FHA is a common first-time-buyer path across Clark County.
What is an FHA loan?
An FHA loan is a government-insured mortgage backed by the Federal Housing Administration, part of HUD, and offered by lenders like Valley West Mortgage. The HUD insurance lets lenders approve borrowers with lower down payments and more flexible credit than many other programs — a major reason FHA is popular with first-time buyers in Las Vegas.
FHA loans require as little as 3.5% down with a qualifying score, making homeownership reachable sooner for Clark County families.
Understanding FHA mortgage insurance
FHA loans include two mortgage-insurance charges. An upfront MIP equal to 1.75% of the base loan is typically financed into the loan, so you do not pay it out of pocket. An annual MIP — commonly 0.55% — is divided across your twelve monthly payments.
How long MIP stays on the loan depends on your loan-to-value and term. The calculator adds both the financed upfront MIP and the monthly MIP automatically so your estimate reflects the true payment.
Buying your first home in Las Vegas
FHA's lower down payment pairs well with the range of price points across Henderson, Summerlin, and North Las Vegas. Pre-approval shows sellers you are serious and tells you exactly what you can afford.
Valley West Mortgage can confirm the current Clark County FHA loan limit, review your credit, and map the fastest path from estimate to closing.