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 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).