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

Rate and Term Refinance in Nevada

Lower your interest rate or change your loan term to reduce monthly payments or pay off your Nevada home faster. No cash-out, just better loan terms.

Check Your Rate Calculate Savings

Why Refinance Rate & Term?

Lower Your Interest Rate

Reduce your rate by 0.5%+ to save thousands over the life of your loan.

Change Your Loan Term

Switch from 30-year to 15-year to pay off faster, or extend to lower payments.

Remove PMI

If you have 20%+ equity, refinance to eliminate private mortgage insurance.

Switch Loan Types

Move from ARM to fixed-rate for payment stability and peace of mind.

Requirements

Credit Score: 620+ (higher scores = better rates)
Equity: At least 5-20% depending on loan type
DTI Ratio: 43-50% maximum
Income: Steady employment and verifiable income
Appraisal: Property must meet lender requirements

Break-Even Point: Most Nevada homeowners break even on refinancing costs within 18-24 months. If you plan to stay in your home longer, refinancing usually makes sense.