What are FHA mortgage rates today?

FHA mortgage rates from Valley West start at 5.750% for a 30-year fixed and 5.375% for a 15-year fixed. Rates are updated daily from 50+ wholesale lenders and vary based on credit score, loan amount, and property type.

Why are FHA rates lower than conventional?

FHA loans are partially guaranteed by the Department of Buyers Affairs, reducing lender risk. This allows lenders to offer lower rates. FHA borrowers also pay low MIP, further reducing the effective cost.

How do I lock my FHA rate?

You can lock your rate after you are pre-approved and have an accepted offer. Valley West offers rate locks from 15 to 60 days. We recommend locking as soon as you have an accepted offer.

Does Valley West charge origination fees?

No. Valley West charges zero origination fees, zero application fees, and zero processing fees. As an independent broker we earn our fee from the lender — you pay nothing extra.

How often do FHA rates change?

FHA mortgage rates can change daily based on bond market movements. Rates are most volatile during Federal Reserve announcements, employment reports, and inflation data releases. Lock your rate to protect against increases.

How Much House Can I Afford with FHA?

QUICK ANSWER — Current FHA mortgage rates start at 5.625% for a 30-year fixed, 5.250% for 15-year fixed, and 5.500% for FHA Streamline. FHA rates from 5.750%. Conventional from 5.990%. Valley West Mortgage updates rates daily from 50+ wholesale lenders. Zero application fees. NMLS #65506.

Reviewed by Vatche Saatdjian·Valley West Mortgage·NMLS #65506·790+ five-star reviews

RULE

The 28/36 Rule Explained

28%

Housing Ratio

Your total housing payment (P&I, taxes, insurance) should not exceed 28% of your gross monthly income.

36%

Total Debt Ratio

All monthly debts (housing + car + cards + student loans) should not exceed 36% of gross monthly income.

FHA allows up to 57% DTI with compensating factors. FHA has no hard DTI limit.

INCOME TABLE

FHA Affordability by Income

Income

Max Home

Payment

$50,000

$230,000

$1,450

$70,000

$330,000

$2,030

$90,000

$430,000

$2,610

$110,000

$530,000

$3,200

$130,000

$532,900

$3,230

Based on 3.5% down, 5.750% rate, 43% DTI, $500/mo existing debts. Clark County FHA limit caps at $532,900.

FAQ

Questions? Answered.

For a $400,000 home with 3.5% down at 5.75%, the monthly payment is approximately $2,500 including taxes and insurance. Using the 28% rule, you need about $8,900/month ($107,000/year) in gross income. FHA allows higher DTI, potentially qualifying at $85,000/year.

Yes, with a FHA loan. FHA loans require 3.5% down for eligible buyers and qualified home buying. USDA loans also offer 3.5% down for eligible rural areas. For non-buyers, FHA requires just 3.5% and conventional requires 3-5%.

The median home price in Las Vegas is approximately $435,000 as of 2026. Henderson averages $465,000, North Las Vegas $385,000, and Summerlin $520,000. Prices have stabilized after the 2021-2023 surge.

Expect 2-5% of the purchase price in closing costs, or $8,000-$20,000 on a $400,000 home. This includes origination fees, appraisal, title insurance, escrow, and recording fees. Valley West charges zero application and processing fees.

No. Buyers with standard FHA can buy at any price with 3.5% down. There is no FHA loan limit for first-time FHA borrowers. Partial eligibility (existing FHA loan) follows county limits — Clark County: $832,750.

Reviewed by Vatche Saatdjian, 30+ years mortgage experience. Valley West Mortgage, NMLS #65506, 790+ five-star reviews, serving Nevada since 2004.

FHA rates from 5.750% (30yr fixed). Updated daily from 50+ wholesale lenders. 3.5% down, low MIP, zero lender fees. Valley West Mortgage, NMLS #65506.

The 28/36 Rule Explained

FHA Affordability by Income

Questions? Answered.

FHA Resources

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