Las Vegas FHA Loan Rates, Closing Costs & Stats

LAS VEGAS-HENDERSON-PARADISE, NV

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 185 lenders originated 7,831 FHA loans during 2023. The total origination value was $2,740,245,000, with an average FHA loan value of $349,923.

Las Vegas FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Las Vegas averaged 6.29% for the week of 2024-05-24, compared to the national average (all FHA variants) of 6.746% for the same period.

Las Vegas's average FHA mortgage closing costs are $9,548.

The average rate for the prior week (2024-05-17) was 6.69% and one month ago for the week of 2024-04-19, the average rate was 6.41%.

The average rate one year ago was 6.03%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.74%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 860 6.23% $14,455
GUILD MORTGAGE COMPANY 544 6.17% $15,134
QUICKEN LOANS, LLC 541 6.12% $14,283
LOANDEPOT.COM, LLC 365 5.91% $12,916
DHI MORTGAGE COMPANY, LTD. 335 5.55% $10,801
EAGLE HOME MORTGAGE, LLC 244 4.90% $13,157
KBHS HOME LOANS, LLC 237 5.75% $13,583
BROKER SOLUTIONS, INC. 226 6.48% $14,814
HOMEAMERICAN MORTGAGE CORPORATION 172 5.59% $7,946
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 167 6.69% $14,831
SECURITYNATIONAL MORTGAGE COMPANY 152 6.70% $15,396
American Mortgage & Equity Consultants, Inc. 138 6.65% $15,676
INSPIRE HOME LOANS INC. 123 5.43% $12,161
CARDINAL FINANCIAL 119 6.55% $15,917
CMG MORTGAGE, INC. 118 6.35% $16,887
CROSSCOUNTRY MORTGAGE, LLC 108 6.74% $14,596
PLANET HOME LENDING, LLC 106 6.53% $13,830
Century Mortgage Company DBA Century Lending Company 96 6.18% $11,537
FBC MORTGAGE, LLC 94 6.01% $14,824
FREEDOM MORTGAGE CORPORATION 92 6.65% $15,718
GUARANTEED RATE, INC. 91 6.40% $14,115
MOVEMENT MORTGAGE, LLC 83 6.71% $15,923
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 81 6.31% $15,475
PULTE MORTGAGE LLC 79 5.85% $8,784
PENNYMAC LOAN SERVICES, LLC 73 6.18% $16,491
NOVA FINANCIAL & INVESTMENT CORPORATION 67 6.44% $11,392
Sierra Pacific Mortgage Company, Inc. 66 6.75% $15,198
RMS & Associates 60 6.82% $15,394
OCMBC, INC. 58 7.13% $15,287
AMERICAN FINANCIAL NETWORK, INC. 56 7.20% $15,825
Paramount Residential Mortgage Group, Inc. 54 6.82% $13,468
CASTLE & COOKE MORTGAGE, LLC 51 6.54% $16,058
MUTUAL OF OMAHA MORTGAGE, INC. 51 6.42% $15,915
ONE NEVADA CREDIT UNION 49 5.97% $11,488
GENEVA FINANCIAL, LLC 49 6.94% $16,891
AMERICAN PACIFIC MORTGAGE CORPORATION 49 6.74% $16,180
EVERETT FINANCIAL, INC. 48 6.81% $14,267
Flagstar Bank, FSB 43 6.33% $12,932
ML Mortgage Corp. 43 6.72% $14,947
SUN WEST MORTGAGE COMPANY, INC. 42 6.37% $13,597
Mr. Cooper ( Nationstar Mortgage ) 42 5.98% $18,348
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 42 6.51% $15,058
NEWREZ LLC 41 6.37% $15,187
PINNACLE LENDING GROUP, INC. 40 6.14% $13,302
MANN FINANCIAL INC. 37 6.81% $15,944
PANORAMA MORTGAGE GROUP, LLC 36 6.47% $15,952
AXIA FINANCIAL, LLC 35 6.45% $13,794
BAY-VALLEY MORTGAGE GROUP 33 6.06% $18,081
Carrington Mortgage Services, LLC 31 6.31% $14,770
DATA MORTGAGE, INC. 29 6.65% $16,480
RESIDENTIAL BANCORP 29 6.11% $16,524
Nations Lending Corporation 28 6.36% $13,413
LOANPAL, LLC 27 5.69% $17,344
HOMEBRIDGE FINANCIAL SERVICES, INC. 26 6.14% $15,216
LEADERONE FINANCIAL CORPORATION 24 6.71% $14,508
PRIMARY RESIDENTIAL MORTGAGE, INC. 23 6.70% $16,033
DIRECT MORTGAGE LOANS, LLC 23 6.72% $16,478
MORTGAGE MANAGEMENT CONSULTANTS, INC. 22 6.62% $11,184
Prosperity Home Mortgage, LLC 22 6.45% $14,343
AMERISAVE MORTGAGE CORPORATION 21 6.02% $16,145
SWBC MORTGAGE CORPORATION 21 6.89% $9,844
South Pacific Financial Corporation 21 5.67% $13,332
Franklin Loan Corporation 20 6.34% $17,920
Bank of England 20 6.44% $12,583
LAND HOME FINANCIAL SERVICES, INC. 19 6.88% $16,691
AmeriHome Mortgage Company, LLC 18 6.47% $13,325
Equity Prime Mortgage LLC 17 6.57% $15,102
TOP FLITE FINANCIAL, INC. 17 6.80% $17,928
HighTechLending Inc 15 6.51% $15,320
United Fidelity Funding Corp. 14 6.78% $17,607
CLARK COUNTY CREDIT UNION 14 6.15% $14,848
First Option Mortgage, LLC 14 6.71% $16,454
BAY EQUITY LLC 13 6.51% $15,453
CHERRY CREEK MORTGAGE, LLC 13 6.64% $3,808
LAKEVIEW LOAN SERVICING, LLC 12 6.19% $12,655
NATIONS DIRECT MORTGAGE, LLC 12 7.28% $17,247
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 12 6.84% $14,393
VILLAGE CAPITAL MORTGAGE 12 6.15% $11,399
ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 6.34% $13,218
ALLIED MORTGAGE GROUP, INC. 11 7.20% $15,235
U.S. Bank 11 6.37% $10,236
UNION HOME MORTGAGE CORP. 10 6.86% $13,523
Ixonia Bank 10 7.44% $14,388
Neighborhood Loans, Inc. 10 6.55% $13,974
VERITAS FUNDING, LLC 10 6.65% $20,657
MORTGAGE SOLUTIONS OF COLORADO, LLC 10 6.48% $13,407
AMERICA FIRST 10 6.29% $13,841
The Federal Savings Bank 9 6.14% $19,526
BECKAM FUNDING CORP. 9 7.08% $20,338
BM Real Estate Services, Inc. 9 6.94% $13,620
PHH Mortgage Corporation 9 6.26% $10,933
HOME FUNDING CORPORATION 8 6.72% $13,612
ZILLOW HOME LOANS, LLC 8 6.47% $12,635
LADERA LENDING, INC. 8 6.58% $12,557
Plains Commerce Bank 8 6.02% $14,214
MICHIGAN MUTUAL, INC. 8 6.11% $15,850
DRAPER AND KRAMER MORTGAGE CORP. 8 5.86% $14,070
CALCON MUTUAL MORTGAGE LLC 8 6.69% $22,974
INTERCAP LENDING INC. 7 6.89% $12,759
MOUNTAIN WEST FINANCIAL, INC. 7 6.91% $13,925
NBKC BANK 7 5.79% $11,227
Cornerstone First Mortgage, Inc 6 6.83% $17,493
TBI MORTGAGE COMPANY 6 6.48% $13,714
ON Q FINANCIAL, INC. 6 6.60% $15,003
JPMorgan Chase Bank 6 6.13% $11,664
East Coast Capital Corp. 6 5.98% $14,547
MASON MCDUFFIE MORTGAGE CORPORATION 6 6.50% $12,194
Zions Bank 5 6.13% $15,305
Bank of America 5 6.05% $12,924
CORNERSTONE HOME LENDING, INC. 5 7.20% $14,545
GREATER NEVADA LLC 5 6.98% $13,592
MID AMERICA MORTGAGE, INC. 5 6.38% $11,017
PLAZA HOME MORTGAGE, INC. 5 6.43% $10,146
PREMIER MORTGAGE RESOURCES, L.L.C. 5 6.68% $12,993
Town Square Mortgage & Investments, Inc. 5 6.45% $8,923
MORIA DEVELOPMENT, INC. 4 6.56% $13,160
PACIFIC RESIDENTIAL MORTGAGE, LLC 4 6.13% $13,191
CANOPY MORTGAGE, LLC 4 5.81% $18,910
M&T Bank 4 6.72% $10,758
Wells Fargo Bank 4 6.31% $9,558
CITYWIDE HOME LOANS, LLC 4 6.38% $16,807
DAS Acquisition Company, LLC 4 7.06% $13,997
SUMMIT FUNDING, INC. 4 6.25% $18,029
VAN DYK MORTGAGE CORPORATION 4 6.94% $8,934
INTERNATIONAL CITY MORTGAGE, INC. 4 6.28% $12,909
INFINITY EQUITY GROUP, INC. 4 6.34% $14,767
UNITED SECURITY FINANCIAL CORP 4 7.28% $21,412
RESIDENTIAL WHOLESALE MORTGAGE, INC. 3 6.83% $9,650
CHURCHILL MORTGAGE CORPORATION 3 6.92% $14,180
S1L, Inc. 3 5.79% $15,071
HOMESIDE FINANCIAL, LLC 3 7.25% $15,319
GUARANTY HOME MORTGAGE CORPORATION 3 6.67% $15,820
PENTAGON FEDERAL CREDIT UNION 3 6.08% $8,735
SUN AMERICAN MORTGAGE COMPANY 3 6.75% $11,140
First Savings Bank 3 5.75% $25,597
BELEM SERVICING LLC 3 7.21% $16,959
JMJ FINANCIAL GROUP 3 6.79% $17,105
ACADEMY MORTGAGE CORPORATION 3 6.21% $18,252
Northpointe Bank 3 6.54% $18,885
Citizens Bank 3 6.21% $15,484
Mortgage Research Center, LLC 3 7.00% $9,550
Arvest Bank 2 5.44% $14,157
TOWNE MORTGAGE COMPANY 2 5.88% $10,750
Barrington Bank & Trust Company, N.A. 2 6.75% $12,320
Citibank 2 6.13% $8,649
NFM, INC. 2 7.19% $12,944
MOUNTAIN AMERICA 2 6.19% $11,120
The Loan Store, Inc. 2 6.56% $13,218
FIRST COMMUNITY MORTGAGE, INC. 2 6.50% $15,370
AmRes Corporation 2 6.31% $15,925
ONY GLO, INC. 2 6.69% $16,978
BRIDGELOCK CAPITAL 1 7.63% $10,307
MLD MORTGAGE INC. 1 5.63% $19,116
Magnolia Bank 1 6.63% $20,396
Network Funding, L.P. 1 6.25% $12,446
NEW DAY FINANCIAL, LLC 1 7.50% $13,246
NEW WAVE LENDING GROUP INC 1 7.63% $14,129
NexBank 1 6.13% $13,439
North American Savings Bank, F.S.B. 1 5.99% $14,480
INTELLILOAN, INC. 1 6.50% $9,707
Old National Bank 1 7.12% $10,319
HOMEXPRESS MORTGAGE CORP. 1 7.00% $15,218
Hometown Equity Mortgage, LLC 1 5.75% $13,086
GEO-CORP, INC. 1 7.13% $22,530
Gateway First Bank 1 6.75% $18,161
FIRST COLONY MORTGAGE CORPORATION 1 7.00% $10,978
Wyndham Capital Mortgage, Inc. 1 5.75% $12,757
Encompass Lending Group, LP 1 7.13% $15,850
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $9,457
RESIDENTIAL MORTGAGE, LLC 1 4.88% $19,306
Servion, Inc. 1 6.13% $13,988
CALIBER HOME LOANS, INC. 1 6.25% $13,048
SIRVA MORTGAGE, INC. 1 5.75% $8,329
SOVEREIGN LENDING GROUP INCORPORATED 1 5.75% $10,098
BMO Harris Bank 1 6.63% $8,306
BETTER MORTGAGE CORPORATION 1 6.25% $8,508
BEST FINANCE CAPITAL, INC. 1 6.25% $24,142
TJC Mortgage, Inc. 1 6.25% $18,727
1st Security Bank of Washington 1 6.63% $10,710
UNITED 1 6.13% $12,761
Armed Forces Bank 1 6.50% $12,700
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $18,821
AMERICAN FINANCING CORPORATION 1 5.75% $16,993
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $5,139
WALL FINANCIAL, INC. 1 7.13% $12,692

The top Las Vegas FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 860 FHA loans originated. Their average total fees are $14,455, which is $679 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Las Vegas FHA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($3,808), HOMEAMERICAN MORTGAGE CORPORATION ($7,946), PULTE MORTGAGE LLC ($8,784), SWBC MORTGAGE CORPORATION ($9,844) and U.S. Bank ($10,236).

The lowest rate Las Vegas FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.90%), INSPIRE HOME LOANS INC. (5.43%), DHI MORTGAGE COMPANY, LTD. (5.55%), HOMEAMERICAN MORTGAGE CORPORATION (5.59%) and South Pacific Financial Corporation (5.67%).

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
LAS VEGAS-HENDERSON-PARADISE, NV CLARK 2023 $494,500 $633,050 $765,200 $950,950

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 $341,998 (18.1%) $573,839 (26.5%) 1.27 4,527
2018-02-01 $340,744 (14.2%) $562,994 (20.2%) 1.24 4,571
2018-03-01 $349,000 (15.4%) $571,540 (19.7%) 1.22 4,633
2018-04-01 $350,000 (11.1%) $573,086 (17.7%) 1.19 4,835
2018-05-01 $352,500 (10.2%) $574,468 (15.2%) 1.18 4,984
2018-06-01 $359,888 (10.8%) $582,083 (15.1%) 1.20 5,263
2018-07-01 $349,450 (7.7%) $537,189 (6.5%) 1.17 5,504
2018-08-01 $339,450 (6.1%) $507,132 (-0.1%) 1.14 6,291
2018-09-01 $330,000 (3.1%) $492,940 (-3.4%) 1.11 7,170
2018-10-01 $324,999 (1.6%) $480,728 (-6.5%) 1.10 8,100
2018-11-01 $320,000 (-0.3%) $478,010 (-7.7%) 1.08 8,622
2018-12-01 $320,000 (-1.5%) $478,572 (-9.7%) 1.10 8,450
2019-01-01 $314,950 (-7.9%) $467,540 (-18.5%) 1.09 8,621
2019-02-01 $310,750 (-8.8%) $462,296 (-17.9%) 1.05 9,084
2019-03-01 $312,571 (-10.4%) $465,482 (-18.6%) 1.02 9,150
2019-04-01 $316,500 (-9.6%) $468,810 (-18.2%) 1.00 9,264
2019-05-01 $320,000 (-9.2%) $473,550 (-17.6%) 1.00 9,901
2019-06-01 $324,900 (-9.7%) $479,878 (-17.6%) 1.02 9,934
2019-07-01 $325,000 (-7.0%) $485,079 (-9.7%) 1.02 9,849
2019-08-01 $323,636 (-4.7%) $485,264 (-4.3%) 1.02 9,648
2019-09-01 $321,590 (-2.6%) $483,820 (-1.9%) 1.03 9,491
2019-10-01 $320,000 (-1.5%) $482,920 (0.5%) 1.03 9,360
2019-11-01 $319,900 (0.0%) $481,653 (0.8%) 1.05 9,837
2019-12-01 $319,700 (-0.1%) $483,064 (0.9%) 1.07 8,899
2020-01-01 $320,000 (1.6%) $495,064 (5.9%) 1.07 8,108
2020-02-01 $328,000 (5.6%) $505,910 (9.4%) 1.07 7,584
2020-03-01 $337,000 (7.8%) $518,817 (11.5%) 1.06 7,455
2020-04-01 $329,850 (4.2%) $496,836 (6.0%) 1.03 8,674
2020-05-01 $329,900 (3.1%) $494,180 (4.4%) 1.00 9,148
2020-06-01 $337,000 (3.7%) $502,082 (4.6%) 0.99 8,937
2020-07-01 $340,583 (4.8%) $514,746 (6.1%) 0.99 8,446
2020-08-01 $345,000 (6.6%) $523,826 (8.0%) 0.99 8,547
2020-09-01 $345,450 (7.4%) $526,346 (8.8%) 0.99 8,733
2020-10-01 $349,000 (9.1%) $528,765 (9.5%) 1.00 8,549
2020-11-01 $345,000 (7.9%) $537,074 (11.5%) 1.01 8,166
2020-12-01 $342,980 (7.3%) $542,704 (12.4%) 1.02 7,305
2021-01-01 $342,995 (7.2%) $550,966 (11.3%) 1.02 6,219
2021-02-01 $342,500 (4.4%) $568,280 (12.3%) 1.00 5,459
2021-03-01 $357,450 (6.1%) $623,408 (20.2%) 1.01 4,538
2021-04-01 $372,500 (12.9%) $665,103 (33.9%) 1.01 4,367
2021-05-01 $390,000 (18.2%) $666,506 (34.9%) 1.04 4,409
2021-06-01 $399,950 (18.7%) $674,612 (34.4%) 1.05 4,700
2021-07-01 $412,000 (21.0%) $673,768 (30.9%) 1.09 5,255
2021-08-01 $422,450 (22.5%) $668,219 (27.6%) 1.13 5,629
2021-09-01 $430,000 (24.5%) $667,105 (26.7%) 1.15 5,886
2021-10-01 $439,900 (26.1%) $671,729 (27.0%) 1.17 5,901
2021-11-01 $449,450 (30.3%) $681,625 (26.9%) 1.20 5,487
2021-12-01 $450,000 (31.2%) $697,375 (28.5%) 1.22 4,595
2022-01-01 $465,000 (35.6%) $742,498 (34.8%) 1.26 3,875
2022-02-01 $475,000 (38.7%) $771,958 (35.8%) 1.24 3,709
2022-03-01 $482,500 (35.0%) $781,471 (25.4%) 1.21 3,790
2022-04-01 $495,000 (32.9%) $779,800 (17.2%) 1.18 4,207
2022-05-01 $499,900 (28.2%) $763,007 (14.5%) 1.14 5,185
2022-06-01 $499,450 (24.9%) $738,164 (9.4%) 1.11 6,764
2022-07-01 $484,990 (17.7%) $681,140 (1.1%) 1.09 9,323
2022-08-01 $469,950 (11.2%) $651,884 (-2.4%) 1.09 10,730
2022-09-01 $460,000 (7.0%) $637,100 (-4.5%) 1.08 11,152
2022-10-01 $450,000 (2.3%) $637,532 (-5.1%) 1.06 11,150
2022-11-01 $448,900 (-0.1%) $647,712 (-5.0%) 1.08 10,585
2022-12-01 $442,900 (-1.6%) $651,287 (-6.6%) 1.09 9,503
2023-01-01 $440,000 (-5.4%) $651,837 (-12.2%) 1.09 8,406
2023-02-01 $445,462 (-6.2%) $678,296 (-12.1%) 1.08 7,636
2023-03-01 $450,000 (-6.7%) $698,259 (-10.7%) 1.06 7,053
2023-04-01 $460,000 (-7.1%) $723,552 (-7.2%) 1.07 6,537
2023-05-01 $450,000 (-10.0%) $699,662 (-8.3%) 1.02 8,169
2023-06-01 $455,000 (-8.9%) $702,191 (-4.9%) 1.02 7,833
2023-07-01 $459,900 (-5.2%) $719,644 (5.7%) 1.05 7,554
2023-08-01 $456,848 (-2.8%) $719,333 (10.4%) 1.05 7,475
2023-09-01 $482,123 (4.8%) $783,419 (23.0%) 1.12 5,012
2023-10-01 $475,000 (5.6%) $777,761 (22.0%) 1.12 5,196
2023-11-01 $462,500 (3.0%) $781,032 (20.6%) 1.10 5,399
2023-12-01 $459,900 (3.8%) $785,602 (20.6%) 1.12 5,202
2024-01-01 $460,000 (4.6%) $792,161 (21.5%) 1.12 4,804
2024-02-01 $464,900 (4.4%) $812,274 (19.8%) 1.12 4,632
2024-03-01 $470,000 (4.4%) $818,084 (17.2%) 1.11 4,720
2024-04-01 $474,923 (3.2%) $834,707 (15.4%) 1.10 5,341
Las Vegas's median listing price for 2024-04-01 was $474,923, a difference of $14,923 (3.2%) versus the prior year and $4,923 versus the prior month.

Las Vegas's median listing price comes in at 110% of the national average.

Las Vegas's average listing price for 2024-04-01 was $834,707, a difference of $111,155 (15.4%) versus the prior year and $16,623 versus the prior month.

For the 2024-04-01 period, Las Vegas had 5,341 MLS listings, a difference of 621 listings (13%) versus the prior month and -1,196 listings (-18%) 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 56 days 2,080 sqft
2018-02-01 39 days 2,046 sqft
2018-03-01 35 days 2,095 sqft
2018-04-01 35 days 2,073 sqft
2018-05-01 34 days 2,067 sqft
2018-06-01 36 days 2,093 sqft
2018-07-01 34 days 2,017 sqft
2018-08-01 32 days 1,952 sqft
2018-09-01 35 days 1,915 sqft
2018-10-01 37 days 1,880 sqft
2018-11-01 42 days 1,864 sqft
2018-12-01 53 days 1,849 sqft
2019-01-01 58 days 1,823 sqft
2019-02-01 47 days 1,815 sqft
2019-03-01 42 days 1,825 sqft
2019-04-01 40 days 1,837 sqft
2019-05-01 41 days 1,855 sqft
2019-06-01 43 days 1,871 sqft
2019-07-01 46 days 1,868 sqft
2019-08-01 47 days 1,863 sqft
2019-09-01 47 days 1,847 sqft
2019-10-01 48 days 1,832 sqft
2019-11-01 54 days 1,830 sqft
2019-12-01 63 days 1,811 sqft
2020-01-01 67 days 1,815 sqft
2020-02-01 46 days 1,836 sqft
2020-03-01 40 days 1,853 sqft
2020-04-01 45 days 1,830 sqft
2020-05-01 57 days 1,836 sqft
2020-06-01 54 days 1,847 sqft
2020-07-01 50 days 1,845 sqft
2020-08-01 42 days 1,840 sqft
2020-09-01 41 days 1,840 sqft
2020-10-01 44 days 1,834 sqft
2020-11-01 47 days 1,828 sqft
2020-12-01 52 days 1,792 sqft
2021-01-01 53 days 1,766 sqft
2021-02-01 38 days 1,716 sqft
2021-03-01 31 days 1,731 sqft
2021-04-01 27 days 1,778 sqft
2021-05-01 24 days 1,802 sqft
2021-06-01 25 days 1,814 sqft
2021-07-01 26 days 1,837 sqft
2021-08-01 28 days 1,863 sqft
2021-09-01 30 days 1,876 sqft
2021-10-01 32 days 1,893 sqft
2021-11-01 35 days 1,910 sqft
2021-12-01 40 days 1,918 sqft
2022-01-01 39 days 1,922 sqft
2022-02-01 26 days 1,889 sqft
2022-03-01 23 days 1,895 sqft
2022-04-01 23 days 1,882 sqft
2022-05-01 23 days 1,881 sqft
2022-06-01 26 days 1,866 sqft
2022-07-01 30 days 1,836 sqft
2022-08-01 39 days 1,830 sqft
2022-09-01 47 days 1,826 sqft
2022-10-01 54 days 1,826 sqft
2022-11-01 62 days 1,819 sqft
2022-12-01 73 days 1,817 sqft
2023-01-01 78 days 1,822 sqft
2023-02-01 65 days 1,836 sqft
2023-03-01 53 days 1,843 sqft
2023-04-01 49 days 1,876 sqft
2023-05-01 46 days 1,867 sqft
2023-06-01 45 days 1,870 sqft
2023-07-01 45 days 1,867 sqft
2023-08-01 43 days 1,845 sqft
2023-09-01 43 days 1,904 sqft
2023-10-01 44 days 1,881 sqft
2023-11-01 46 days 1,850 sqft
2023-12-01 54 days 1,840 sqft
2024-01-01 59 days 1,820 sqft
2024-02-01 40 days 1,821 sqft
2024-03-01 38 days 1,824 sqft
2024-04-01 39 days 1,808 sqft
Las Vegas's median listing age (time on market) for 2024-04-01 was 39 days. This is -21% shorter than the same period one year ago.

Las Vegas's median square footage for active listings during the 2024-04-01 period was 1,808 sqft. One year prior, the average listing was 1,876 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).