What are the FHA loan requirements in Nevada for 2025?

Nevada FHA loan requirements for 2025 include: 580 minimum credit score for 3.5% down (or 500 credit score with 10% down), maximum 50% debt-to-income ratio, 3.5% minimum down payment, steady employment history (2+ years), primary residence occupancy, property must meet FHA appraisal standards, and loan amount within Nevada county limits ($498,257-$571,950 depending on county).

Can I buy a house in Las Vegas with bad credit using FHA?

Yes, FHA loans in Las Vegas accept credit scores as low as 580 (3.5% down) or 500 (10% down). Many Nevada lenders offer manual underwriting for borrowers with non-traditional credit. If your credit score is below 580, work on improving it for 6-12 months before applying, or consider down payment assistance programs that may help compensate for lower credit.

What is the maximum FHA loan amount in Nevada?

2025 FHA loan limits in Nevada vary by county: Clark County (Las Vegas, Henderson) - $498,257; Washoe County (Reno, Sparks) - $571,950; Carson City - $571,950. Rural Nevada counties range from $498,257 to $571,950. Multi-unit properties have higher limits (2-unit: up to $638,100-$732,050; 3-unit: up to $771,450-$884,700; 4-unit: up to $958,350-$1,099,450).

How much money do I need upfront for an FHA loan in Nevada?

Typical upfront costs for Nevada FHA loans: 3.5% down payment ($14,000 on $400K home), 1.75% upfront MIP ($7,000 on $400K - can be financed), 2-5% closing costs ($8,000-$20,000 - sellers can contribute up to 6%). Total cash needed: $15,000-$25,000 out of pocket, though down payment assistance programs can reduce this significantly. Gift funds from family can cover 100% of down payment.

Edited and reviewed by CEO Vatche Saatdjian — 30+ years of experience — Expert on FHA loans

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Nevada Refinance Guide

How Refinancing Saves Money

Refinancing replaces your current mortgage with a new loan at better terms. Most Nevada homeowners refinance to lower their interest rate, reduce monthly payments, or switch from an ARM to a fixed-rate mortgage. Even a 0.75% rate reduction can save hundreds monthly and tens of thousands over the life of the loan.

Example: Las Vegas Homeowner

Current Loan $350,000 at 7.5%, 27 years left

New Loan $350,000 at 6.25%, 30 years

Monthly Savings $311/month

Lifetime Savings $84,000

Refinance Break-Even Point

Refinancing has closing costs (typically 2-5% of loan amount). Calculate your break-even point—the time it takes for monthly savings to offset closing costs. If you plan to stay in your Nevada home past this point, refinancing likely makes financial sense.

Example: $4,000 closing costs ÷ $250 monthly savings = 16-month break-even

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