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
6.7%
for the week of 2024-04-19, compared to the national average (all FHA variants) of
6.855% for the same period.
Las Vegas's average FHA mortgage closing costs are $9,548.
The average rate for the prior week (2024-04-12) was
6.69% and
one month ago for the week of 2024-03-15, the
average rate was 6.36%.
The average rate one year ago was 5.89%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.55%.
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.
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 |
Las Vegas's median listing price comes in at 111% of the national average.
Las Vegas's average listing price for 2024-03-01 was $818,084, a difference of $119,825 (17.2%) versus the prior year and $5,810 versus the prior month.
For the 2024-03-01 period, Las Vegas had 4,720 MLS listings, a difference of 88 listings (2%) versus the prior month and -2,333 listings (-33%) 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 |
Las Vegas's median square footage for active listings during the 2024-03-01 period was 1,824 sqft. One year prior, the average listing was 1,843 sqft.