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 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 -0.68% for the week of 2023-06-02, compared to the national average (all FHA variants) of 0% for the same period.

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

The average rate for the prior week (2023-05-26) was 5.95% and one month ago for the week of 2023-04-28, the average rate was 5.9%.

The average rate one year ago was 4.96%.

For refis of the same type during the week of 2023-06-02, the average rate was -1.81%.

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 Bancorporation, N.A. 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
Las Vegas's median listing price for 2023-05-01 was $450,000, a difference of $-49,900 (-10.0%) versus the prior year and $-10,000 versus the prior month.

Las Vegas's median listing price comes in at 102% of the national average.

Las Vegas's average listing price for 2023-05-01 was $699,699, a difference of $-63,308 (-8.3%) versus the prior year and $-23,853 versus the prior month.

For the 2023-05-01 period, Las Vegas had 8,166 MLS listings, a difference of 1,629 listings (25%) versus the prior month and 2,981 listings (57%) 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
Las Vegas's median listing age (time on market) for 2023-05-01 was 46 days. This is 100% longer than the same period one year ago.

Las Vegas's median square footage for active listings during the 2023-05-01 period was 1,867 sqft. One year prior, the average listing was 1,881 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).