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 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 6.27% for the week of 2024-11-08, compared to the national average (all FHA variants) of 6.425% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.05% and one month ago for the week of 2024-10-04, the average rate was 5.47%.

    The average rate one year ago was 7.11%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.22%.

    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

    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).