You need a 580+ credit score for 3.5% down payment. Borrowers with 500-579 can qualify with 10% down. The FHA has more flexible credit requirements than conventional loans, making homeownership accessible to more Las Vegas residents.

The 2026 FHA loan limit for Clark County (Las Vegas, Henderson, North Las Vegas) is $532,900 for a single-family home. This covers the vast majority of homes in the Las Vegas metro area.

FHA mortgage insurance includes an upfront premium of 1.75% of the loan amount (can be financed) plus an annual premium of 0.55% for most borrowers. On a $400,000 loan, this equals about $183/month in MIP.

Yes. FHA allows 100% of your down payment to come from gift funds. Acceptable sources include family members, employers, labor unions, charitable organizations, and government agencies. A gift letter is required.

FHA requires the home to be safe, sound, and sanitary. The FHA appraisal checks structural integrity, roof condition, HVAC, plumbing, and electrical. The home must be your primary residence. Condos must be FHA-approved.

Most FHA loans close in 30-45 days. Valley West Mortgage averages 28 days. FHA Streamline refinances can close in as little as 15 days since they require minimal documentation and no appraisal.