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.

JUMBO LOANS NEVADA

Luxury Home Financing with Jumbo Loans

Finance Nevada's most prestigious properties with jumbo mortgages designed for high-value homes beyond conforming loan limits

$766K+

Loan Amount

700+

Credit Score

10-20%

Down Payment

43%

Max DTI

Get Pre-Approved Now (702) 696-9900

Luxury Specialist

Competitive Rates

White Glove Service

Rear view of luxury villa with swimming pool

Financing for homes

$766K+

Luxury loan specialist

JUMBO ADVANTAGES

Jumbo Loan Benefits

Higher Loan Amounts

Finance Nevada luxury homes above $766,550. No cap on loan amount with proper documentation and qualifications.

Competitive Jumbo Rates

Jumbo rates are now competitive with conventional loans for qualified borrowers with strong credit profiles.

No Mortgage Insurance

With 20% down payment, jumbo loans don't require PMI, keeping your monthly payment lower on high-value properties.

Flexible Property Types

Finance primary residences, second homes, and investment properties in Nevada's luxury real estate market.

QUALIFICATION STANDARDS

Requirements

What You'll Need

Credit Score: 700+ (720+ for best rates)
Down Payment: 10-20% minimum
DTI Ratio: 43% or lower
Reserves: 6-12 months in liquid assets
Income Documentation: 2 years tax returns, W-2s, pay stubs
Appraisal: Full appraisal required (sometimes 2 appraisals for very high amounts)

Nevada Jumbo Market

Nevada's luxury home market is thriving, especially in:

Summerlin & The Ridges (Las Vegas)
MacDonald Highlands (Henderson)
Lake Las Vegas
South Highlands (Las Vegas)
Incline Village (Lake Tahoe)
Montreux (Reno)

Finance Your Luxury Nevada Home

Get pre-approved for a jumbo loan and explore Nevada's finest properties.

Get Pre-Approved Calculate Payment