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 181 lenders originated 7,620 FHA loans during 2022. The total origination value was $2,378,730,000, with an average FHA loan value of $312,169.

    Las Vegas FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Las Vegas averaged 6.54% for the week of 2023-12-08, compared to the national average (all FHA variants) of 6.819% for the same period.

    Las Vegas's average FHA mortgage closing costs are $8,884.

    The average rate for the prior week (2023-12-01) was 6.55% and one month ago for the week of 2023-11-03, the average rate was 7.09%.

    The average rate one year ago was 6.16%.

    For refis of the same type during the week of 2023-12-08, the average rate was 5.3%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    LOANDEPOT.COM, LLC 488 4.72% $12,237
    UNITED WHOLESALE MORTGAGE, LLC 458 4.75% $11,503
    GUILD MORTGAGE COMPANY 429 4.96% $13,143
    QUICKEN LOANS, LLC 417 4.36% $12,862
    EAGLE HOME MORTGAGE, LLC 170 4.61% $13,068
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 157 5.16% $12,610
    FREEDOM MORTGAGE CORPORATION 153 4.67% $12,258
    CROSSCOUNTRY MORTGAGE, LLC 142 5.17% $14,111
    DHI MORTGAGE COMPANY, LTD. 134 4.20% $10,768
    HOME POINT FINANCIAL CORPORATION 132 4.34% $10,878
    PENNYMAC LOAN SERVICES, LLC 124 4.41% $13,379
    PLANET HOME LENDING, LLC 121 5.14% $11,765
    Mr. Cooper ( Nationstar Mortgage ) 116 4.28% $14,276
    CMG MORTGAGE, INC. 112 5.19% $13,957
    CALIBER HOME LOANS, INC. 110 4.61% $11,490
    CARDINAL FINANCIAL 107 4.82% $13,312
    BROKER SOLUTIONS, INC. 105 5.20% $12,467
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 97 5.08% $14,366
    NOVA FINANCIAL & INVESTMENT CORPORATION 89 4.77% $7,087
    HOMEAMERICAN MORTGAGE CORPORATION 85 4.20% $6,950
    GUARANTEED RATE, INC. 82 4.86% $11,561
    LAKEVIEW LOAN SERVICING, LLC 77 3.76% $7,413
    FBC MORTGAGE, LLC 77 5.04% $11,842
    SECURITYNATIONAL MORTGAGE COMPANY 74 5.31% $14,450
    DATA MORTGAGE, INC. 72 5.37% $14,465
    KBHS HOME LOANS, LLC 70 4.54% $14,658
    RESIDENTIAL BANCORP 67 5.16% $14,117
    CASTLE & COOKE MORTGAGE, LLC 62 4.93% $12,786
    AMERISAVE MORTGAGE CORPORATION 61 4.37% $14,397
    HOMEBRIDGE FINANCIAL SERVICES, INC. 59 4.63% $12,556
    PANORAMA MORTGAGE GROUP, LLC 58 5.38% $13,362
    EVERETT FINANCIAL, INC. 56 5.38% $8,110
    FINANCE OF AMERICA MORTGAGE LLC 56 4.89% $13,352
    RMS & Associates 56 5.14% $13,555
    MANN FINANCIAL INC. 55 5.51% $13,491
    Amerifirst Financial, Inc. 52 5.11% $12,086
    Carrington Mortgage Services, LLC 49 4.79% $13,868
    ONE NEVADA CREDIT UNION 49 4.39% $8,781
    Flagstar Bank, FSB 43 4.70% $11,444
    First Guaranty Mortgage Corporation 42 4.52% $12,910
    LOANPAL, LLC 42 4.05% $15,453
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 40 4.60% $11,190
    INSPIRE HOME LOANS INC. 39 4.14% $16,467
    First Option Mortgage, LLC 37 5.29% $14,426
    Neighborhood Loans, Inc. 35 4.86% $12,685
    Sierra Pacific Mortgage Company, Inc. 34 5.34% $14,698
    VILLAGE CAPITAL MORTGAGE 33 3.36% $6,896
    MOVEMENT MORTGAGE, LLC 32 5.25% $14,263
    PINNACLE LENDING GROUP, INC. 32 4.67% $11,156
    CHURCHILL MORTGAGE CORPORATION 32 5.25% $13,167
    AXIA FINANCIAL, LLC 31 5.02% $12,272
    MORTGAGE SOLUTIONS OF COLORADO, LLC 31 4.81% $12,674
    TOP FLITE FINANCIAL, INC. 30 5.37% $18,736
    ML Mortgage Corp. 30 4.84% $13,983
    NEWREZ LLC 29 4.64% $11,675
    SUN WEST MORTGAGE COMPANY, INC. 29 4.73% $11,799
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 27 5.15% $12,962
    GENEVA FINANCIAL, LLC 26 5.14% $13,706
    Paramount Residential Mortgage Group, Inc. 24 5.36% $13,093
    Century Mortgage Company DBA Century Lending Company 24 5.78% $13,932
    MUTUAL OF OMAHA MORTGAGE, INC. 22 4.86% $14,112
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 21 5.85% $14,058
    PRIMARY RESIDENTIAL MORTGAGE, INC. 21 4.90% $13,916
    PULTE MORTGAGE LLC 20 5.04% $7,801
    OCMBC, INC. 18 6.23% $15,183
    Bank of England 18 5.19% $14,174
    The Federal Savings Bank 18 4.76% $18,534
    South Pacific Financial Corporation 17 4.45% $15,284
    First Home Bank 16 5.63% $14,928
    HOME FUNDING CORPORATION 16 5.20% $12,849
    Prosperity Home Mortgage, LLC 15 4.66% $13,398
    Equity Prime Mortgage LLC 15 5.43% $15,411
    Nations Lending Corporation 14 4.95% $12,946
    AMERICAN FINANCING CORPORATION 14 4.21% $10,927
    DIRECT MORTGAGE LOANS, LLC 14 5.00% $14,398
    LADERA LENDING, INC. 13 5.31% $13,728
    JPMorgan Chase Bank 13 4.71% $9,953
    Loan Simple, Inc. 13 4.29% $11,665
    HAMILTON HOME LOANS, INC. 13 4.56% $13,203
    Town Square Mortgage & Investments, Inc. 13 5.22% $11,306
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 12 4.30% $10,571
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 12 5.52% $9,775
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 11 4.50% $13,831
    LEADERONE FINANCIAL CORPORATION 11 4.91% $11,712
    AMERICAN PACIFIC MORTGAGE CORPORATION 10 5.25% $15,866
    AMERICA FIRST 10 5.30% $11,486
    CANOPY MORTGAGE, LLC 10 4.42% $12,306
    KELLER MORTGAGE, LLC 10 5.18% $13,249
    HighTechLending Inc 9 5.44% $13,454
    NATIONS DIRECT MORTGAGE, LLC 9 4.59% $17,732
    United Fidelity Funding Corp. 9 5.36% $11,873
    Bank of America 8 3.70% $8,274
    SWBC MORTGAGE CORPORATION 8 6.36% $8,153
    East Coast Capital Corp. 8 4.73% $12,666
    AmeriHome Mortgage Company, LLC 8 4.81% $11,248
    BAY EQUITY LLC 8 5.51% $12,236
    CITY FIRST MORTGAGE SERVICES, L.L.C. 8 5.11% $14,661
    ON Q FINANCIAL, INC. 8 4.78% $10,678
    INTERCAP LENDING INC. 7 5.48% $14,131
    MID AMERICA MORTGAGE, INC. 7 5.37% $8,008
    BECKAM FUNDING CORP. 7 6.11% $16,245
    MORIA DEVELOPMENT, INC. 7 5.00% $12,697
    M&T Bank 7 4.79% $10,619
    AmRes Corporation 7 4.64% $14,182
    SUMMIT FUNDING, INC. 7 4.29% $14,040
    UNITED MORTGAGE CORP 7 4.71% $13,698
    Wells Fargo Bank 6 4.98% $7,373
    CLARK COUNTY CREDIT UNION 6 5.23% $11,307
    MOUNTAIN WEST FINANCIAL, INC. 6 5.27% $15,130
    UNION HOME MORTGAGE CORP. 6 4.38% $11,123
    BEST CAPITAL FUNDING 6 3.85% $12,320
    ACADEMY MORTGAGE CORPORATION 5 4.80% $11,654
    HOMEOWNERS FINANCIAL GROUP USA, LLC 5 4.10% $12,564
    Pacific Lending LLC 5 5.00% $9,749
    U.S. Bank 5 4.55% $9,790
    ZILLOW HOME LOANS, LLC 5 4.73% $12,778
    Plains Commerce Bank 5 4.88% $9,231
    Texana Bank 5 3.20% $12,800
    Franklin Loan Corporation 5 5.88% $16,587
    Citizens Bank 5 4.88% $11,970
    North American Savings Bank, F.S.B. 4 4.88% $10,568
    CHERRY CREEK MORTGAGE, LLC 4 6.38% $5,334
    Cornerstone First Mortgage, Inc 4 4.69% $9,095
    DRAPER AND KRAMER MORTGAGE CORP. 4 3.69% $13,103
    Hometown Lenders, Inc. 4 3.66% $10,660
    MICHIGAN MUTUAL, INC. 4 4.75% $11,134
    PHH Mortgage Corporation 4 5.50% $11,904
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.25% $11,511
    S1L, Inc. 4 5.31% $14,914
    Servion, Inc. 4 4.81% $9,163
    SOVEREIGN LENDING GROUP INCORPORATED 4 4.91% $13,516
    TBI MORTGAGE COMPANY 4 5.22% $12,349
    First Savings Bank 3 3.25% $12,555
    BELEM SERVICING LLC 3 3.00% $11,968
    Barrington Bank & Trust Company, N.A. 3 5.34% $9,777
    DAS Acquisition Company, LLC 3 5.71% $13,463
    VERITAS FUNDING, LLC 3 5.75% $22,498
    MASON MCDUFFIE MORTGAGE CORPORATION 3 5.54% $10,926
    Northpointe Bank 3 4.71% $12,971
    MOUNTAIN AMERICA 3 4.00% $9,531
    LAND HOME FINANCIAL SERVICES, INC. 3 6.21% $13,512
    JMJ FINANCIAL GROUP 3 4.75% $16,469
    BNC National Bank 3 4.71% $11,304
    INTELLILOAN, INC. 3 3.75% $9,840
    CORNERSTONE HOME LENDING, INC. 2 6.38% $11,598
    NATIONWIDE MORTGAGE BANKERS, INC. 2 5.25% $13,111
    MEMBER FIRST MORTGAGE, LLC 2 5.06% $8,898
    GUARANTEED RATE AFFINITY, LLC 2 5.81% $13,757
    FirstBank 2 4.56% $9,146
    HOMEXPRESS MORTGAGE CORP. 2 4.63% $17,174
    Waterstone Mortgage Corporation 2 5.63% $18,718
    Zions Bank 2 3.75% $10,082
    Hometown Equity Mortgage, LLC 2 5.44% $19,675
    Wyndham Capital Mortgage, Inc. 2 4.94% $10,538
    Armed Forces Bank 2 4.19% $9,807
    Sunflower Bank 2 5.31% $10,767
    NBKC BANK 2 4.13% $11,892
    UNITED SECURITY FINANCIAL CORP 2 7.00% $19,433
    ALAMEDA MORTGAGE CORPORATION 2 5.81% $13,151
    Peoples Bank 1 4.50% $12,941
    MLD MORTGAGE INC. 1 4.88% $12,096
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $8,195
    PLAZA HOME MORTGAGE, INC. 1 6.75% $16,902
    Low VA Rates, LLC 1 4.63% $10,576
    ISERVE RESIDENTIAL LENDING, LLC 1 5.63% $10,959
    WRIGHT-PATT CREDIT UNION, INC. 1 5.63% $9,847
    Simmons Bank 1 3.25% $8,206
    Chickasaw Community Bank 1 4.25% $11,672
    GREATER NEVADA LLC 1 6.13% $9,912
    Gateway First Bank 1 7.25% $6,067
    Florida Capital Bank 1 4.50% $10,789
    The Central Trust Bank 1 4.25% $10,335
    The Union Bank Company 1 4.25% $7,056
    First Bank 1 3.88% $8,043
    Umpqua Bank 1 3.00% $12,625
    EMBRACE HOME LOANS, INC. 1 3.25% $19,318
    UNITED 1 5.63% $17,226
    Commerce Home Mortgage, Inc. 1 5.13% $10,891
    V.I.P. MORTGAGE, INC. 1 4.75% $13,548
    NFM, INC. 1 5.13% $11,330
    MUFG Union Bank 1 5.38% $10,631

    The top Las Vegas FHA lender as defined by loan originations is LOANDEPOT.COM, LLC, with 488 FHA loans originated. Their average total fees are $12,237, which is $734 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Las Vegas FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($6,896), HOMEAMERICAN MORTGAGE CORPORATION ($6,950), NOVA FINANCIAL & INVESTMENT CORPORATION ($7,087), LAKEVIEW LOAN SERVICING, LLC ($7,413) and PULTE MORTGAGE LLC ($7,801).

    The lowest rate Las Vegas FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (3.36%), LAKEVIEW LOAN SERVICING, LLC (3.76%), LOANPAL, LLC (4.05%), INSPIRE HOME LOANS INC. (4.14%) and DHI MORTGAGE COMPANY, LTD. (4.20%).

    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%) $537,160 (6.5%) 1.17 5,505
    2018-08-01 $339,450 (6.1%) $507,110 (-0.1%) 1.14 6,292
    2018-09-01 $330,000 (3.1%) $492,933 (-3.4%) 1.11 7,170
    2018-10-01 $324,999 (1.6%) $480,729 (-6.5%) 1.10 8,099
    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%) 1.03 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%) $481,722 (0.8%) 1.05 9,838
    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%) 1.08 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%) $699,699 (-8.3%) 1.02 8,166
    2023-06-01 $455,000 (-8.9%) $702,332 (-4.9%) 1.02 7,830
    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
    Las Vegas's median listing price for 2023-11-01 was $462,500, a difference of $13,600 (3.0%) versus the prior year and $-12,500 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 2023-11-01 was $781,032, a difference of $133,320 (20.6%) versus the prior year and $3,271 versus the prior month.

    For the 2023-11-01 period, Las Vegas had 5,399 MLS listings, a difference of 203 listings (4%) versus the prior month and -5,186 listings (-49%) 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 2,018 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 39 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
    Las Vegas's median listing age (time on market) for 2023-11-01 was 46 days. This is -27% shorter than the same period one year ago.

    Las Vegas's median square footage for active listings during the 2023-11-01 period was 1,850 sqft. One year prior, the average listing was 1,819 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).