Las Vegas FHA Loan Rates, Closing Costs & Stats

LAS VEGAS-HENDERSON-PARADISE, NV

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Las Vegas's 188 lenders originated 14,319 FHA loans during 2021. The total origination value was $3,845,185,000, with an average FHA loan value of $268,537.

    Las Vegas FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Las Vegas averaged 6.58% for the week of 2022-12-02, compared to the national average (all FHA variants) of 6.466% for the same period.

    Las Vegas's average FHA mortgage closing costs are $8,373.

    The average rate for the prior week (2022-11-25) was 6.7% and one month ago for the week of 2022-10-28, the average rate was 6.93%.

    The average rate one year ago was 3.27%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.35%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Las Vegas FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Las Vegas level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 852 3.11% $10,067
    QUICKEN LOANS, LLC 761 2.65% $7,367
    FREEDOM MORTGAGE CORPORATION 580 2.73% $5,809
    LOANDEPOT.COM, LLC 460 3.34% $9,233
    UNITED WHOLESALE MORTGAGE, LLC 433 2.76% $8,568
    LAKEVIEW LOAN SERVICING, LLC 388 2.88% $5,346
    PENNYMAC LOAN SERVICES, LLC 335 2.91% $5,831
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 333 3.40% $10,182
    ALL WESTERN MORTGAGE, INC. 302 3.44% $9,290
    BROKER SOLUTIONS, INC. 299 3.30% $9,194
    CROSSCOUNTRY MORTGAGE, LLC 263 3.12% $10,404
    Mr. Cooper ( Nationstar Mortgage ) 243 3.04% $5,355
    CALIBER HOME LOANS, INC. 231 2.82% $7,199
    HOME POINT FINANCIAL CORPORATION 231 2.84% $8,439
    DHI MORTGAGE COMPANY, LTD. 227 2.74% $8,875
    VILLAGE CAPITAL MORTGAGE 214 2.67% $3,174
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 197 3.23% $9,912
    RESIDENTIAL BANCORP. 174 3.23% $10,382
    PLANET HOME LENDING, LLC 168 3.05% $8,778
    HOMEBRIDGE FINANCIAL SERVICES, INC. 164 2.67% $6,970
    SECURITYNATIONAL MORTGAGE COMPANY 164 3.26% $10,810
    CELEBRITY HOME LOANS, LLC 161 3.38% $10,065
    INSPIRE HOME LOANS INC. 161 3.15% $12,280
    PANORAMA MORTGAGE GROUP, LLC 159 3.39% $10,038
    GUARANTEED RATE, INC. 157 3.10% $9,365
    RMS & Associates 157 3.26% $10,814
    DATA MORTGAGE, INC. 156 3.58% $9,966
    EAGLE HOME MORTGAGE, LLC 153 3.31% $11,089
    HOMEAMERICAN MORTGAGE CORPORATION 139 2.71% $5,944
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 138 3.34% $11,457
    MANN FINANCIAL INC. 134 3.43% $10,460
    KBHS HOME LOANS, LLC 132 3.23% $11,621
    Carrington Mortgage Services, LLC 128 3.29% $8,569
    CMG MORTGAGE, INC. 122 3.30% $11,282
    SWBC MORTGAGE CORPORATION 109 3.31% $9,305
    NOVA FINANCIAL & INVESTMENT CORPORATION 108 3.16% $8,209
    SUMMIT FUNDING, INC. 101 3.48% $12,316
    FBC MORTGAGE, LLC 98 3.19% $9,670
    NEWREZ LLC 89 2.84% $6,170
    PINNACLE LENDING GROUP, INC. 81 2.84% $8,456
    SUN WEST MORTGAGE COMPANY, INC. 78 3.05% $9,071
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 77 3.35% $7,838
    Amerifirst Financial, Inc. 75 3.24% $10,021
    AXIA FINANCIAL, LLC 75 3.24% $9,870
    FINANCE OF AMERICA MORTGAGE LLC 74 3.23% $9,573
    MOVEMENT MORTGAGE, LLC 65 3.39% $8,010
    AMERICAN FINANCIAL NETWORK, INC. 63 3.21% $11,563
    PRIMARY RESIDENTIAL MORTGAGE, INC. 63 3.44% $11,154
    Sierra Pacific Mortgage Company, Inc. 58 3.01% $9,995
    AMERISAVE MORTGAGE CORPORATION 57 2.91% $8,697
    WESTERN EXPRESS LENDING 53 3.25% $9,153
    LOANPAL, LLC 53 2.58% $10,150
    Paramount Residential Mortgage Group, Inc. 52 3.28% $9,747
    Neighborhood Loans, Inc. 52 3.31% $9,699
    First Option Mortgage, LLC 48 3.09% $10,167
    Loan Simple, Inc. 47 3.38% $10,475
    Equity Prime Mortgage LLC 42 3.16% $6,920
    ML Mortgage Corp. 41 3.14% $10,333
    Flagstar Bank, FSB 37 2.89% $8,281
    InterContinental Capital Group, Inc 33 2.67% $8,736
    CANOPY MORTGAGE, LLC 32 2.61% $8,959
    ONE NEVADA CREDIT UNION 32 2.57% $7,482
    The Federal Savings Bank 31 2.64% $11,317
    Hometown Lenders, Inc. 31 3.41% $9,375
    First Guaranty Mortgage Corporation 30 2.85% $7,050
    HOME FUNDING CORPORATION 30 3.37% $9,801
    HAMILTON HOME LOANS, INC. 30 2.81% $8,298
    PULTE MORTGAGE LLC 27 3.06% $6,695
    GENEVA FINANCIAL, LLC 27 3.13% $10,293
    INTERNATIONAL CITY MORTGAGE, INC. 26 3.31% $9,232
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 26 3.15% $9,411
    CITY FIRST MORTGAGE SERVICES, L.L.C. 25 3.31% $10,559
    MORTGAGE SOLUTIONS OF COLORADO, LLC 25 3.39% $11,110
    LEADERONE FINANCIAL CORPORATION 22 3.15% $9,443
    Town Square Mortgage & Investments, Inc. 22 3.07% $9,618
    ON Q FINANCIAL, INC. 21 3.19% $8,891
    AMERICAN PACIFIC MORTGAGE CORPORATION 20 3.18% $9,906
    SOVEREIGN LENDING GROUP INCORPORATED 20 2.82% $8,632
    Bank of England 20 3.49% $10,104
    STEARNS LENDING, LLC 19 2.89% $8,506
    U.S. Bank 19 3.19% $7,483
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 18 3.08% $8,649
    INTERCAP LENDING INC. 17 3.41% $10,539
    BEST CAPITAL FUNDING 16 2.95% $10,028
    OCMBC, INC. 16 3.08% $9,039
    Commerce Home Mortgage, Inc. 16 3.10% $8,501
    South Pacific Financial Corporation 16 2.79% $12,256
    MUTUAL OF OMAHA MORTGAGE, INC. 14 3.00% $10,496
    DIGNIFIED HOME LOANS, LLC 14 3.03% $8,866
    NATIONS DIRECT MORTGAGE, LLC 14 3.21% $8,918
    LAND HOME FINANCIAL SERVICES, INC. 14 3.66% $11,999
    DRAPER AND KRAMER MORTGAGE CORP. 13 3.23% $9,633
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 2.86% $7,508
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 12 3.30% $9,827
    Low VA Rates, LLC 12 2.75% $5,877
    LADERA LENDING, INC. 11 3.01% $8,978
    HighTechLending Inc 11 3.17% $9,634
    Nations Lending Corporation 10 2.99% $12,409
    EVERETT FINANCIAL, INC. 10 3.89% $8,106
    CHURCHILL MORTGAGE CORPORATION 10 3.70% $10,034
    JPMorgan Chase Bank 10 2.93% $5,130
    KELLER MORTGAGE, LLC 10 2.83% $6,816
    Zions Bancorporation, N.A. 10 2.65% $6,983
    United Fidelity Funding Corp. 9 2.75% $9,783
    CORNERSTONE HOME LENDING, INC. 9 3.26% $9,858
    BAY EQUITY LLC 9 2.90% $10,230
    Barrington Bank & Trust Company, N.A. 9 2.92% $8,510
    Austin Capital Bank SSB 9 3.21% $10,124
    AmRes Corporation 9 2.71% $8,431
    ANGEL OAK HOME LOANS LLC 9 3.38% $8,549
    Bank of America 8 2.98% $6,510
    INTELLILOAN, INC. 8 2.89% $6,878
    VAN DYK MORTGAGE CORPORATION 8 2.91% $7,238
    DIRECT MORTGAGE LOANS, LLC 8 3.30% $11,888
    ZILLOW HOME LOANS, LLC 7 2.64% $10,211
    HOMEOWNERS FINANCIAL GROUP USA, LLC 7 3.23% $9,451
    CHERRY CREEK MORTGAGE, LLC 7 3.64% $5,450
    BRIDGELOCK CAPITAL 7 2.89% $8,722
    MID AMERICA MORTGAGE, INC. 7 3.52% $6,482
    TOP FLITE FINANCIAL, INC. 7 3.23% $16,787
    East Coast Capital Corp. 7 3.52% $12,223
    Franklin Loan Corporation 6 3.75% $9,988
    UNITED MORTGAGE CORP. 6 3.06% $9,193
    AMERICAN FINANCING CORPORATION 6 3.02% $6,963
    GREATER NEVADA LLC 6 3.27% $10,024
    Colten Mortgage, LLC 5 2.90% $9,072
    First Home Bank 5 2.95% $11,692
    ISERVE RESIDENTIAL LENDING, LLC 5 3.20% $8,466
    AMERICA FIRST 5 2.60% $9,698
    Wells Fargo Bank 4 3.34% $7,102
    MORIA DEVELOPMENT, INC. 4 3.63% $10,157
    MOUNTAIN WEST FINANCIAL, INC. 4 2.72% $9,198
    BECKAM FUNDING CORP. 4 3.63% $15,861
    Prosperity Home Mortgage, LLC 4 3.09% $8,509
    North American Savings Bank, F.S.B. 4 2.63% $6,439
    FIRST COLONY MORTGAGE CORPORATION 4 2.69% $9,809
    PHH Mortgage Corporation 4 3.31% $4,830
    Citizens Bank 4 2.94% $7,625
    BEST FINANCE CAPITAL, INC. 3 3.17% $11,004
    First Federal Bank 3 3.46% $11,762
    SNAPFI, INC. 3 2.96% $8,292
    WALL FINANCIAL, INC. 3 2.96% $11,905
    M&T Bank 3 3.04% $8,509
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 3.21% $12,131
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 2.96% $11,061
    CLEARPATH LENDING 3 2.75% $4,795
    First Savings Bank 3 3.00% $7,277
    NBKC BANK 3 2.71% $8,919
    AMERICAN FINANCIAL RESOURCES, INC. 3 3.13% $6,758
    Mortgage Research Center, LLC 2 3.00% $9,329
    BELEM SERVICING LLC 2 3.56% $7,508
    CITYWIDE HOME LOANS, LLC 2 2.87% $12,034
    Colonial Savings, F.A. 2 2.88% $7,221
    FirstBank 2 2.50% $7,655
    HomeStreet Bank 2 2.63% $9,645
    JMJ FINANCIAL GROUP 2 2.94% $11,504
    LENDUS, LLC 2 3.31% $9,364
    Magnolia Bank 2 2.63% $10,621
    Northpointe Bank 2 2.94% $11,414
    NP, Inc. 2 3.00% $5,873
    PLAZA HOME MORTGAGE, INC. 2 3.00% $7,486
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 3.12% $10,711
    S1L, Inc. 1 2.63% $8,031
    Peoples Bank 1 3.25% $7,447
    Paramount Bank 1 2.88% $7,958
    Sunflower Bank 1 2.99% $10,723
    NATIONWIDE MORTGAGE BANKERS, INC. 1 3.13% $6,063
    MUFG Union Bank 1 2.38% $8,420
    Allied First Bank,sb 1 3.63% $7,255
    The Union Bank Company 1 2.50% $8,832
    MLD MORTGAGE INC. 1 2.50% $8,936
    MICHIGAN MUTUAL, INC. 1 3.13% $6,860
    UNION HOME MORTGAGE CORP. 1 2.75% $9,551
    MEMBER FIRST MORTGAGE, LLC 1 2.88% $14,572
    KS StateBank 1 2.75% $8,154
    Great Plains National Bank 1 2.75% $10,178
    Glacier Bank 1 2.38% $6,592
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 4.25% $8,351
    Florida Capital Bank 1 2.25% $7,669
    DAS Acquisition Company, LLC 1 4.63% $10,433
    V.I.P. MORTGAGE, INC. 1 3.75% $10,391
    Constant Investments, Inc. 1 2.88% $9,189
    Citibank 1 2.88% $6,968
    Axos Bank 1 4.13% $8,527
    Willamette Valley Bank 1 2.63% $13,445
    WINNPOINTE CORPORATION 1 3.00% $4,844
    Armed Forces Bank 1 2.63% $6,946
    AmeriHome Mortgage Company, LLC 1 2.63% $9,723

    The top Las Vegas FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 852 FHA loans originated. Their average total fees are $10,067, which is $2,700 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Las Vegas FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($3,174), JPMorgan Chase Bank ($5,130), LAKEVIEW LOAN SERVICING, LLC ($5,346), Mr. Cooper ( Nationstar Mortgage ) ($5,355) and FREEDOM MORTGAGE CORPORATION ($5,809).

    The lowest rate Las Vegas FHA lenders (with over 10 loans originated) are ONE NEVADA CREDIT UNION (2.57%), LOANPAL, LLC (2.58%), CANOPY MORTGAGE, LLC (2.61%), The Federal Savings Bank (2.64%) and QUICKEN LOANS, LLC (2.65%).

    Las Vegas FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LAS VEGAS-HENDERSON-PARADISE, NV CLARK 2022 $420,680 $538,650 $651,050 $809,150

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Las Vegas (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $341,995 (18.1%) $573,737 (26.4%) 1.27 4,528
    2018-02-01 $340,372 (14.0%) $562,895 (20.2%) 1.24 4,572
    2018-03-01 $349,000 (15.4%) $571,441 (19.7%) 1.22 4,634
    2018-04-01 $350,000 (11.1%) $572,990 (17.7%) 1.19 4,836
    2018-05-01 $352,500 (10.2%) $574,375 (15.1%) 1.18 4,985
    2018-06-01 $359,888 (10.8%) $581,992 (15.1%) 1.20 5,265
    2018-07-01 $349,448 (7.7%) $537,060 (6.4%) 1.17 5,507
    2018-08-01 $339,450 (6.1%) $507,015 (-0.1%) 1.14 6,295
    2018-09-01 $330,000 (3.1%) $492,838 (-3.4%) 1.11 7,173
    2018-10-01 $324,997 (1.6%) $480,647 (-6.6%) 1.10 8,102
    2018-11-01 $320,000 (-0.3%) $477,933 (-7.7%) 1.08 8,625
    2018-12-01 $320,000 (-1.5%) $478,495 (-9.7%) 1.10 8,453
    2019-01-01 $314,950 (-7.9%) $467,467 (-18.5%) 1.09 8,624
    2019-02-01 $310,634 (-8.7%) $462,228 (-17.9%) 1.05 9,087
    2019-03-01 $312,571 (-10.4%) $465,414 (-18.6%) 1.02 9,154
    2019-04-01 $316,500 (-9.6%) $468,741 (-18.2%) 1.00 9,268
    2019-05-01 $320,000 (-9.2%) $473,485 (-17.6%) 1.00 9,906
    2019-06-01 $324,900 (-9.7%) $479,812 (-17.6%) 1.02 9,940
    2019-07-01 $325,000 (-7.0%) $484,964 (-9.7%) 1.02 9,855
    2019-08-01 $323,636 (-4.7%) $485,135 (-4.3%) 1.02 9,654
    2019-09-01 $321,590 (-2.6%) $483,689 (-1.9%) 1.03 9,497
    2019-10-01 $320,000 (-1.5%) $482,788 (0.5%) 1.03 9,366
    2019-11-01 $319,900 (0.0%) $481,593 (0.8%) 1.05 9,844
    2019-12-01 $319,675 (-0.1%) $482,928 (0.9%) 1.07 8,905
    2020-01-01 $320,000 (1.6%) $494,906 (5.9%) 1.07 8,114
    2020-02-01 $328,000 (5.6%) $505,738 (9.4%) 1.07 7,590
    2020-03-01 $336,954 (7.8%) $518,632 (11.4%) 1.06 7,461
    2020-04-01 $329,700 (4.2%) $496,682 (6.0%) 1.03 8,680
    2020-05-01 $329,900 (3.1%) $494,037 (4.3%) 1.00 9,154
    2020-06-01 $337,000 (3.7%) $501,936 (4.6%) 0.99 8,943
    2020-07-01 $340,491 (4.8%) $514,584 (6.1%) 0.99 8,452
    2020-08-01 $345,000 (6.6%) $523,661 (7.9%) 0.99 8,553
    2020-09-01 $345,000 (7.3%) $526,182 (8.8%) 0.99 8,739
    2020-10-01 $349,000 (9.1%) $528,597 (9.5%) 1.00 8,555
    2020-11-01 $345,000 (7.9%) $536,893 (11.5%) 1.01 8,172
    2020-12-01 $342,947 (7.3%) $542,441 (12.3%) 1.02 7,311
    2021-01-01 $342,990 (7.2%) $550,703 (11.3%) 1.02 6,225
    2021-02-01 $342,494 (4.4%) $568,015 (12.3%) 1.00 5,464
    2021-03-01 $357,225 (6.0%) $623,119 (20.2%) 1.01 4,542
    2021-04-01 $372,500 (13.0%) $664,939 (33.9%) 1.01 4,369
    2021-05-01 $390,000 (18.2%) $666,357 (34.9%) 1.03 4,411
    2021-06-01 $399,950 (18.7%) $674,465 (34.4%) 1.05 4,702
    2021-07-01 $412,000 (21.0%) $673,719 (30.9%) 1.08 5,254
    2021-08-01 $422,450 (22.5%) $668,204 (27.6%) 1.13 5,624
    2021-09-01 $430,000 (24.6%) $667,025 (26.8%) 1.15 5,885
    2021-10-01 $439,900 (26.1%) $671,548 (27.0%) 1.17 5,902
    2021-11-01 $449,450 (30.3%) $681,364 (26.9%) 1.20 5,489
    2021-12-01 $450,000 (31.2%) $697,051 (28.5%) 1.22 4,597
    2022-01-01 $464,999 (35.6%) $742,927 (34.9%) 1.26 3,879
    2022-02-01 $475,000 (38.7%) $771,447 (35.8%) 1.24 3,713
    2022-03-01 $482,450 (35.1%) $781,003 (25.3%) 1.21 3,794
    2022-04-01 $495,000 (32.9%) $778,820 (17.1%) 1.18 4,211
    2022-05-01 $499,900 (28.2%) $762,636 (14.5%) 1.14 5,190
    2022-06-01 $499,450 (24.9%) $737,858 (9.4%) 1.11 6,769
    2022-07-01 $484,500 (17.6%) $681,388 (1.1%) 1.10 9,328
    2022-08-01 $469,950 (11.2%) $651,739 (-2.5%) 1.09 10,735
    2022-09-01 $460,000 (7.0%) $636,938 (-4.5%) 1.08 11,157
    2022-10-01 $450,000 (2.3%) $637,301 (-5.1%) 1.06 11,155
    2022-11-01 $448,500 (-0.2%) $647,546 (-5.0%) 1.08 10,590
    Las Vegas's median listing price for 2022-11-01 was $448,500, a difference of $-950 (-0.2%) versus the prior year and $-1,500 versus the prior month.

    Las Vegas's median listing price comes in at 108% of the national average.

    Las Vegas's average listing price for 2022-11-01 was $647,546, a difference of $-33,818 (-5.0%) versus the prior year and $10,245 versus the prior month.

    For the 2022-11-01 period, Las Vegas had 10,590 MLS listings, a difference of -565 listings (-5%) versus the prior month and 5,101 listings (93%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Las Vegas (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 60 days 2,079 sqft
    2018-02-01 42 days 2,046 sqft
    2018-03-01 37 days 2,094 sqft
    2018-04-01 36 days 2,072 sqft
    2018-05-01 36 days 2,067 sqft
    2018-06-01 37 days 2,092 sqft
    2018-07-01 35 days 2,018 sqft
    2018-08-01 33 days 1,952 sqft
    2018-09-01 36 days 1,915 sqft
    2018-10-01 39 days 1,880 sqft
    2018-11-01 44 days 1,864 sqft
    2018-12-01 54 days 1,849 sqft
    2019-01-01 60 days 1,823 sqft
    2019-02-01 49 days 1,815 sqft
    2019-03-01 42 days 1,825 sqft
    2019-04-01 41 days 1,837 sqft
    2019-05-01 44 days 1,855 sqft
    2019-06-01 45 days 1,871 sqft
    2019-07-01 46 days 1,868 sqft
    2019-08-01 47 days 1,863 sqft
    2019-09-01 48 days 1,847 sqft
    2019-10-01 49 days 1,832 sqft
    2019-11-01 57 days 1,830 sqft
    2019-12-01 65 days 1,811 sqft
    2020-01-01 68 days 1,814 sqft
    2020-02-01 49 days 1,836 sqft
    2020-03-01 40 days 1,853 sqft
    2020-04-01 46 days 1,830 sqft
    2020-05-01 58 days 1,836 sqft
    2020-06-01 56 days 1,847 sqft
    2020-07-01 52 days 1,844 sqft
    2020-08-01 43 days 1,840 sqft
    2020-09-01 42 days 1,840 sqft
    2020-10-01 44 days 1,834 sqft
    2020-11-01 50 days 1,828 sqft
    2020-12-01 55 days 1,791 sqft
    2021-01-01 58 days 1,765 sqft
    2021-02-01 41 days 1,717 sqft
    2021-03-01 33 days 1,731 sqft
    2021-04-01 30 days 1,778 sqft
    2021-05-01 26 days 1,802 sqft
    2021-06-01 27 days 1,814 sqft
    2021-07-01 28 days 1,837 sqft
    2021-08-01 29 days 1,864 sqft
    2021-09-01 31 days 1,876 sqft
    2021-10-01 33 days 1,893 sqft
    2021-11-01 36 days 1,910 sqft
    2021-12-01 42 days 1,918 sqft
    2022-01-01 40 days 1,922 sqft
    2022-02-01 29 days 1,889 sqft
    2022-03-01 25 days 1,894 sqft
    2022-04-01 24 days 1,882 sqft
    2022-05-01 24 days 1,879 sqft
    2022-06-01 27 days 1,865 sqft
    2022-07-01 31 days 1,836 sqft
    2022-08-01 40 days 1,830 sqft
    2022-09-01 48 days 1,826 sqft
    2022-10-01 54 days 1,826 sqft
    2022-11-01 63 days 1,819 sqft
    Las Vegas's median listing age (time on market) for 2022-11-01 was 63 days. This is 74% longer than the same period one year ago.

    Las Vegas's median square footage for active listings during the 2022-11-01 period was 1,819 sqft. One year prior, the average listing was 1,910 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).