Las Vegas FHA Loan Rates, Closing Costs & Stats

Las Vegas, NM

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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 17 lenders originated 34 FHA loans during 2024. The total origination value was $8,090,000, with an average FHA loan value of $237,941.

    Las Vegas FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Las Vegas averaged 6.61% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

    Las Vegas's average FHA mortgage closing costs are $8,254.

    The average rate for the prior week (2025-05-16) was 6.54% and one month ago for the week of 2025-04-18, the average rate was 6.77%.

    The average rate one year ago was 6.94%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.61%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 7 5.98% $12,868
    DIRECTORS MORTGAGE, INC. 5 6.50% $11,100
    Waterstone Mortgage Corporation 3 6.58% $10,106
    FREEDOM MORTGAGE CORPORATION 2 5.81% $8,773
    CROSSCOUNTRY MORTGAGE, LLC 2 6.22% $9,344
    LOANDEPOT.COM, LLC 1 5.99% $11,191
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $19,758
    Nations Lending Corporation 1 6.25% $10,620
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $11,222
    UNITED WHOLESALE MORTGAGE, LLC 1 6.13% $10,646
    Wallick & Volk, Inc. 1 6.25% $8,815
    AMERICAN FINANCIAL NETWORK, INC. 1 7.00% $12,597
    ZILLOW HOME LOANS, LLC 1 7.25% $8,313
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.13% $13,255
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $13,598
    First Federal Bank 1 6.38% $9,056
    GUARANTEED RATE, INC. 1 7.75% $14,166

    The top Las Vegas FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 7 FHA loans originated. Their average total fees are $12,868, which is $1,768 higher than the next largest lender, DIRECTORS MORTGAGE, INC..

    The lowest fee Las Vegas FHA lenders (with over 10 loans originated) are .

    The lowest rate Las Vegas FHA lenders (with over 10 loans originated) are .

    Las Vegas FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LAS VEGAS, NM MORA 2022 $420,680 $538,650 $651,050 $809,150
    LAS VEGAS, NM SAN MIGUEL 2022 $420,680 $538,650 $651,050 $809,150
    LAS VEGAS, NM MORA 2023 $472,030 $604,400 $730,525 $907,900
    LAS VEGAS, NM SAN MIGUEL 2023 $472,030 $604,400 $730,525 $907,900

    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 $217,000 (8.5%) $378,411 (-2.9%) 0.00 187
    2018-02-01 $220,000 (10.0%) $372,518 (-3.5%) 0.00 178
    2018-03-01 $225,000 (9.8%) $363,553 (-7.9%) 0.00 177
    2018-04-01 $222,500 (11.3%) $369,263 (-3.3%) 0.00 187
    2018-05-01 $219,875 (9.9%) $348,741 (-10.6%) 0.00 202
    2018-06-01 $220,500 (4.0%) $349,550 (-10.3%) 0.00 221
    2018-07-01 $225,000 (12.8%) $359,671 (-4.4%) 0.00 224
    2018-08-01 $224,000 (12.5%) $333,980 (-10.6%) 0.00 234
    2018-09-01 $239,500 (20.4%) $341,520 (-10.1%) 0.00 220
    2018-10-01 $234,975 (18.1%) $339,294 (-8.4%) 0.00 220
    2018-11-01 $230,000 (15.4%) $345,494 (-9.9%) 0.00 208
    2018-12-01 $237,000 (18.8%) $336,895 (-10.5%) 0.00 197
    2019-01-01 $240,000 (10.6%) $346,495 (-8.4%) 0.00 180
    2019-02-01 $236,000 (7.3%) $344,222 (-7.6%) 0.00 178
    2019-03-01 $228,143 (1.4%) $335,853 (-7.6%) 0.00 181
    2019-04-01 $219,250 (-1.5%) $329,105 (-10.9%) 0.00 189
    2019-05-01 $227,000 (3.2%) $328,051 (-5.9%) 0.00 194
    2019-06-01 $229,000 (3.9%) $325,014 (-7.0%) 0.00 196
    2019-07-01 $225,000 (0.0%) $324,847 (-9.7%) 0.00 199
    2019-08-01 $231,000 (3.1%) $333,605 (-0.1%) 0.00 192
    2019-09-01 $240,000 (0.2%) $343,706 (0.6%) 0.00 183
    2019-10-01 $246,000 (4.7%) $350,441 (3.3%) 0.00 177
    2019-11-01 $247,000 (7.4%) $349,314 (1.1%) 0.00 167
    2019-12-01 $240,000 (1.3%) $347,281 (3.1%) 0.00 162
    2020-01-01 $231,000 (-3.8%) $343,291 (-0.9%) 0.00 148
    2020-02-01 $247,000 (4.7%) $362,901 (5.4%) 0.00 141
    2020-03-01 $249,000 (9.1%) $350,612 (4.4%) 0.00 133
    2020-04-01 $244,175 (11.4%) $335,194 (1.9%) 0.00 129
    2020-05-01 $245,000 (7.9%) $334,753 (2.0%) 0.00 127
    2020-06-01 $250,000 (9.2%) $359,751 (10.7%) 0.00 122
    2020-07-01 $249,750 (11.0%) $369,918 (13.9%) 0.00 119
    2020-08-01 $279,000 (20.8%) $392,743 (17.7%) 0.00 123
    2020-09-01 $278,125 (15.9%) $389,166 (13.2%) 0.00 133
    2020-10-01 $271,950 (10.6%) $388,230 (10.8%) 0.00 133
    2020-11-01 $276,125 (11.8%) $468,618 (34.2%) 0.00 120
    2020-12-01 $272,250 (13.4%) $485,460 (39.8%) 0.00 107
    2021-01-01 $279,500 (21.0%) $507,224 (47.8%) 0.00 94
    2021-02-01 $276,100 (11.8%) $501,469 (38.2%) 0.00 81
    2021-03-01 $277,250 (11.4%) $514,608 (46.8%) 0.00 76
    2021-04-01 $299,875 (22.8%) $523,525 (56.2%) 0.00 73
    2021-05-01 $287,250 (17.2%) $518,048 (54.8%) 0.00 75
    2021-06-01 $293,250 (17.3%) $528,697 (47.0%) 0.00 78
    2021-07-01 $289,000 (15.7%) $518,767 (40.2%) 0.00 77
    2021-08-01 $312,500 (12.0%) $494,198 (25.8%) 0.00 72
    2021-09-01 $346,250 (24.5%) $461,716 (18.6%) 0.00 63
    2021-10-01 $325,000 (19.5%) $450,350 (16.0%) 0.00 56
    2021-11-01 $240,875 (-12.8%) $396,466 (-15.4%) 0.00 52
    2021-12-01 $239,750 (-11.9%) $384,140 (-20.9%) 0.00 47
    2022-01-01 $230,000 (-17.7%) $346,856 (-31.6%) 0.00 39
    2022-02-01 $230,000 (-16.7%) $349,369 (-30.3%) 0.00 43
    2022-03-01 $212,750 (-23.3%) $349,589 (-32.1%) 0.00 42
    2022-04-01 $220,000 (-26.6%) $361,512 (-31.0%) 0.00 39
    2022-05-01 $249,225 (-13.2%) $455,762 (-12.0%) 0.00 41
    2022-06-01 $254,000 (-13.4%) $441,204 (-16.6%) 0.00 48
    2022-07-01 $249,900 (-13.5%) $441,984 (-14.8%) 0.00 53
    2022-08-01 $273,500 (-12.5%) $459,578 (-7.0%) 0.00 55
    2022-09-01 $284,000 (-18.0%) $475,881 (3.1%) 0.00 60
    2022-10-01 $307,500 (-5.4%) $486,303 (8.0%) 0.00 66
    2022-11-01 $290,750 (20.7%) $483,707 (22.0%) 0.00 70
    2022-12-01 $265,000 (10.5%) $466,964 (21.6%) 0.00 72
    2023-01-01 $256,050 (11.3%) $453,843 (30.8%) 0.00 74
    2023-02-01 $265,000 (15.2%) $456,002 (30.5%) 0.00 69
    2023-03-01 $265,000 (24.6%) $409,839 (17.2%) 0.00 69
    2023-04-01 $270,000 (22.7%) $404,709 (12.0%) 0.00 65
    2023-05-01 $238,250 (-4.4%) $376,170 (-17.5%) 0.00 67
    2023-06-01 $288,500 (13.6%) $431,619 (-2.2%) 0.00 70
    2023-07-01 $285,000 (14.1%) $435,404 (-1.5%) 0.00 79
    2023-08-01 $280,000 (2.4%) $537,277 (16.9%) 0.00 76
    2023-09-01 $285,000 (0.4%) $573,895 (20.6%) 0.00 74
    2023-10-01 $314,500 (2.3%) $693,516 (42.6%) 0.00 73
    2023-11-01 $345,000 (18.7%) $707,889 (46.4%) 0.00 68
    2023-12-01 $427,500 (61.3%) $773,369 (65.6%) 0.00 64
    2024-01-01 $375,000 (46.5%) $720,322 (58.7%) 0.00 64
    2024-02-01 $362,250 (36.7%) $718,932 (57.7%) 0.00 56
    2024-03-01 $360,000 (35.9%) $769,749 (87.8%) 0.00 52
    2024-04-01 $307,500 (13.9%) $615,724 (52.1%) 0.00 57
    2024-05-01 $351,175 (47.4%) $629,010 (67.2%) 0.00 58
    2024-06-01 $320,000 (10.9%) $574,193 (33.0%) 0.00 63
    2024-07-01 $320,000 (12.3%) $588,154 (35.1%) 0.00 64
    2024-08-01 $329,950 (17.8%) $578,761 (7.7%) 0.00 62
    2024-09-01 $309,975 (8.8%) $592,930 (3.3%) 0.00 62
    2024-10-01 $368,500 (17.2%) $617,568 (-11.0%) 0.00 55
    2024-11-01 $385,000 (11.6%) $648,066 (-8.5%) 0.00 52
    2024-12-01 $367,500 (-14.0%) $698,973 (-9.6%) 0.00 48
    2025-01-01 $357,500 (-4.7%) $688,996 (-4.4%) 0.00 46
    2025-02-01 $391,225 (8.0%) $696,635 (-3.1%) 0.00 48
    2025-03-01 $435,000 (20.8%) $642,304 (-16.6%) 0.00 44
    2025-04-01 $420,000 (36.6%) $627,284 (1.9%) 0.00 53
    Las Vegas's median listing price for 2025-04-01 was $420,000, a difference of $112,500 (36.6%) versus the prior year and $-15,000 versus the prior month.

    Las Vegas's median listing price comes in at 0% of the national average.

    Las Vegas's average listing price for 2025-04-01 was $627,284, a difference of $11,560 (1.9%) versus the prior year and $-15,020 versus the prior month.

    For the 2025-04-01 period, Las Vegas had 53 MLS listings, a difference of 9 listings (20%) versus the prior month and -4 listings (-7%) 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 0 days 1,811 sqft
    2018-02-01 0 days 1,803 sqft
    2018-03-01 0 days 1,792 sqft
    2018-04-01 0 days 1,838 sqft
    2018-05-01 0 days 1,843 sqft
    2018-06-01 0 days 1,834 sqft
    2018-07-01 0 days 1,845 sqft
    2018-08-01 0 days 1,830 sqft
    2018-09-01 0 days 1,839 sqft
    2018-10-01 0 days 1,803 sqft
    2018-11-01 0 days 1,837 sqft
    2018-12-01 0 days 1,831 sqft
    2019-01-01 0 days 1,834 sqft
    2019-02-01 0 days 1,812 sqft
    2019-03-01 0 days 1,811 sqft
    2019-04-01 0 days 1,791 sqft
    2019-05-01 0 days 1,771 sqft
    2019-06-01 0 days 1,775 sqft
    2019-07-01 0 days 1,787 sqft
    2019-08-01 0 days 1,797 sqft
    2019-09-01 0 days 1,799 sqft
    2019-10-01 0 days 1,800 sqft
    2019-11-01 0 days 1,752 sqft
    2019-12-01 0 days 1,762 sqft
    2020-01-01 0 days 1,709 sqft
    2020-02-01 0 days 1,708 sqft
    2020-03-01 0 days 1,717 sqft
    2020-04-01 0 days 1,696 sqft
    2020-05-01 0 days 1,716 sqft
    2020-06-01 0 days 1,834 sqft
    2020-07-01 0 days 1,920 sqft
    2020-08-01 0 days 2,000 sqft
    2020-09-01 0 days 1,835 sqft
    2020-10-01 0 days 1,810 sqft
    2020-11-01 0 days 1,850 sqft
    2020-12-01 0 days 1,940 sqft
    2021-01-01 0 days 1,922 sqft
    2021-02-01 0 days 1,769 sqft
    2021-03-01 0 days 1,916 sqft
    2021-04-01 0 days 2,012 sqft
    2021-05-01 0 days 1,998 sqft
    2021-06-01 0 days 2,035 sqft
    2021-07-01 0 days 1,998 sqft
    2021-08-01 0 days 2,000 sqft
    2021-09-01 0 days 1,999 sqft
    2021-10-01 0 days 1,998 sqft
    2021-11-01 0 days 1,752 sqft
    2021-12-01 0 days 1,752 sqft
    2022-01-01 0 days 1,757 sqft
    2022-02-01 0 days 1,596 sqft
    2022-03-01 0 days 1,578 sqft
    2022-04-01 0 days 1,500 sqft
    2022-05-01 0 days 1,591 sqft
    2022-06-01 0 days 1,655 sqft
    2022-07-01 0 days 1,548 sqft
    2022-08-01 0 days 1,491 sqft
    2022-09-01 0 days 1,521 sqft
    2022-10-01 0 days 1,603 sqft
    2022-11-01 0 days 1,675 sqft
    2022-12-01 0 days 1,620 sqft
    2023-01-01 0 days 1,608 sqft
    2023-02-01 0 days 1,675 sqft
    2023-03-01 0 days 1,695 sqft
    2023-04-01 0 days 1,600 sqft
    2023-05-01 0 days 1,552 sqft
    2023-06-01 0 days 1,605 sqft
    2023-07-01 0 days 1,600 sqft
    2023-08-01 0 days 1,605 sqft
    2023-09-01 0 days 1,695 sqft
    2023-10-01 0 days 1,819 sqft
    2023-11-01 0 days 1,851 sqft
    2023-12-01 0 days 2,079 sqft
    2024-01-01 0 days 2,081 sqft
    2024-02-01 0 days 1,995 sqft
    2024-03-01 0 days 1,800 sqft
    2024-04-01 0 days 1,737 sqft
    2024-05-01 0 days 1,859 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,800 sqft
    2024-08-01 0 days 1,900 sqft
    2024-09-01 0 days 1,806 sqft
    2024-10-01 0 days 2,033 sqft
    2024-11-01 0 days 2,080 sqft
    2024-12-01 0 days 2,080 sqft
    2025-01-01 0 days 1,988 sqft
    2025-02-01 0 days 2,073 sqft
    2025-03-01 0 days 2,104 sqft
    2025-04-01 0 days 2,104 sqft
    Las Vegas's median listing age (time on market) for 2025-04-01 was 0 days.

    Las Vegas's median square footage for active listings during the 2025-04-01 period was 2,104 sqft. One year prior, the average listing was 1,737 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).