Pahrump FHA Loan Rates, Closing Costs & Stats

Pahrump, 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.

Pahrump's 86 lenders originated 568 FHA loans during 2021. The total origination value was $122,950,000, with an average FHA loan value of $216,461.

Pahrump FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Pahrump averaged 6.45% for the week of 2023-01-27, compared to the national average (all FHA variants) of 6.186% for the same period.

Pahrump's average FHA mortgage closing costs are $7,731.

The average rate for the prior week (2023-01-20) was 6.22% and one month ago for the week of 2022-12-23, the average rate was 6.51%.

The average rate one year ago was 3.7%.

For refis of the same type during the week of 2023-01-27, the average rate was 6.01%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Pahrump 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 Pahrump level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
AXIA FINANCIAL, LLC 37 3.28% $7,989
FBC MORTGAGE, LLC 33 3.22% $8,137
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 33 3.38% $9,560
GUILD MORTGAGE COMPANY 29 3.34% $9,416
FREEDOM MORTGAGE CORPORATION 23 2.88% $5,634
LAKEVIEW LOAN SERVICING, LLC 19 3.03% $4,331
QUICKEN LOANS, LLC 17 2.57% $8,479
SWBC MORTGAGE CORPORATION 13 3.64% $6,770
Mr. Cooper ( Nationstar Mortgage ) 12 3.45% $4,820
LOANDEPOT.COM, LLC 12 3.49% $9,917
HOMEBRIDGE FINANCIAL SERVICES, INC. 12 3.11% $8,009
BROKER SOLUTIONS, INC. 11 3.31% $8,286
PENNYMAC LOAN SERVICES, LLC 10 2.84% $5,617
UNITED WHOLESALE MORTGAGE, LLC 10 2.86% $9,078
ALL WESTERN MORTGAGE, INC. 10 3.43% $8,495
VILLAGE CAPITAL MORTGAGE 9 2.73% $2,577
CALIBER HOME LOANS, INC. 9 3.19% $7,753
NEWREZ LLC 8 3.00% $3,837
Carrington Mortgage Services, LLC 8 3.19% $8,064
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 8 3.36% $10,289
CROSSCOUNTRY MORTGAGE, LLC 7 3.18% $9,242
CELEBRITY HOME LOANS, LLC 7 3.64% $10,440
PLANET HOME LENDING, LLC 6 2.73% $4,732
GUARANTEED RATE, INC. 6 3.33% $9,509
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 6 3.12% $12,016
CMG MORTGAGE, INC. 6 3.50% $12,558
SOVEREIGN LENDING GROUP INCORPORATED 5 2.80% $7,282
Nations Lending Corporation 5 3.45% $11,408
South Pacific Financial Corporation 5 2.65% $13,146
MANN FINANCIAL INC. 5 3.95% $10,063
GREATER NEVADA LLC 5 3.85% $7,131
CITY FIRST MORTGAGE SERVICES, L.L.C. 4 4.06% $9,820
HOME POINT FINANCIAL CORPORATION 4 2.91% $8,296
SECURITYNATIONAL MORTGAGE COMPANY 4 3.31% $11,784
NOVA FINANCIAL & INVESTMENT CORPORATION 4 3.59% $8,820
ACADEMY MORTGAGE CORPORATION 4 3.03% $6,214
Barrington Bank & Trust Company, N.A. 4 3.25% $7,360
EAGLE HOME MORTGAGE, LLC 3 2.96% $12,472
BAY EQUITY LLC 3 2.83% $10,606
AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.79% $9,403
Neighborhood Loans, Inc. 3 3.67% $8,164
First Guaranty Mortgage Corporation 2 3.44% $7,593
RESIDENTIAL BANCORP. 2 3.88% $10,790
Sierra Pacific Mortgage Company, Inc. 2 3.44% $7,999
SUN WEST MORTGAGE COMPANY, INC. 2 3.06% $10,387
AMERICAN FINANCIAL RESOURCES, INC. 2 2.81% $7,762
InterContinental Capital Group, Inc 2 2.63% $7,881
AMERICAN FINANCIAL NETWORK, INC. 2 2.50% $19,428
LOANPAL, LLC 2 2.56% $9,732
BEST CAPITAL FUNDING 2 2.69% $6,883
WESTERN EXPRESS LENDING 1 3.75% $7,728
AMERICAN FINANCING CORPORATION 1 3.00% $7,779
AMERISAVE MORTGAGE CORPORATION 1 2.50% $7,182
ANGEL OAK HOME LOANS LLC 1 3.00% $7,177
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.88% $9,309
CANOPY MORTGAGE, LLC 1 2.75% $6,390
CLEARPATH LENDING 1 2.75% $4,423
Colten Mortgage, LLC 1 2.88% $7,321
Commerce Home Mortgage, Inc. 1 2.88% $3,962
DATA MORTGAGE, INC. 1 3.75% $11,236
DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $8,283
FINANCE OF AMERICA MORTGAGE LLC 1 3.50% $13,583
First Option Mortgage, LLC 1 3.38% $12,358
GENEVA FINANCIAL, LLC 1 4.75% $9,520
HAMILTON HOME LOANS, INC. 1 3.50% $6,988
HOME FUNDING CORPORATION 1 4.13% $8,368
INTERCAP LENDING INC. 1 3.63% $9,598
LADERA LENDING, INC. 1 2.75% $7,614
LAND HOME FINANCIAL SERVICES, INC. 1 4.00% $7,651
Loan Simple, Inc. 1 3.13% $9,709
MID AMERICA MORTGAGE, INC. 1 4.13% $5,430
MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 3.25% $8,905
Mortgage Research Center, LLC 1 3.38% $5,218
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $8,207
MOVEMENT MORTGAGE, LLC 1 3.13% $11,895
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.75% $9,761
NATIONS DIRECT MORTGAGE, LLC 1 3.00% $11,084
ONE NEVADA CREDIT UNION 1 2.63% $9,451
Paramount Residential Mortgage Group, Inc. 1 3.25% $11,127
PINNACLE LENDING GROUP, INC. 1 2.88% $6,634
Platinum Home Mortgage Corporation 1 2.75% $6,813
PLAZA HOME MORTGAGE, INC. 1 2.75% $10,992
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.75% $9,865
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.13% $7,221
RMS & Associates 1 3.88% $10,520
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $6,261

The top Pahrump FHA lender as defined by loan originations is AXIA FINANCIAL, LLC, with 37 FHA loans originated. Their average total fees are $7,989, which is $148 lower than the next largest lender, FBC MORTGAGE, LLC.

The lowest fee Pahrump FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($4,331), Mr. Cooper ( Nationstar Mortgage ) ($4,820), PENNYMAC LOAN SERVICES, LLC ($5,617), FREEDOM MORTGAGE CORPORATION ($5,634) and SWBC MORTGAGE CORPORATION ($6,770).

The lowest rate Pahrump FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.57%), PENNYMAC LOAN SERVICES, LLC (2.84%), UNITED WHOLESALE MORTGAGE, LLC (2.86%), FREEDOM MORTGAGE CORPORATION (2.88%) and LAKEVIEW LOAN SERVICING, LLC (3.03%).

Pahrump FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
PAHRUMP, NV NYE 2022 $420,680 $538,650 $651,050 $809,150

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Pahrump (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 $263,700 (18.5%) $281,437 (14.1%) 0.00 130
2018-02-01 $266,000 (17.0%) $280,221 (7.2%) 0.00 146
2018-03-01 $278,900 (22.9%) $318,389 (18.4%) 0.00 136
2018-04-01 $280,475 (22.0%) $328,781 (19.4%) 0.00 120
2018-05-01 $278,485 (18.8%) $324,247 (17.3%) 0.00 116
2018-06-01 $294,900 (19.4%) $333,482 (17.2%) 0.00 133
2018-07-01 $284,450 (15.7%) $334,272 (18.8%) 0.00 146
2018-08-01 $284,725 (14.2%) $337,928 (20.7%) 0.00 166
2018-09-01 $284,900 (16.3%) $330,004 (17.2%) 0.00 188
2018-10-01 $290,675 (18.4%) $321,847 (12.9%) 0.00 195
2018-11-01 $290,000 (16.3%) $323,765 (11.1%) 0.00 203
2018-12-01 $286,750 (12.9%) $316,815 (10.0%) 0.00 204
2019-01-01 $289,875 (9.9%) $311,005 (10.5%) 0.00 205
2019-02-01 $289,150 (8.7%) $311,746 (11.3%) 0.00 205
2019-03-01 $287,856 (3.2%) $305,654 (-4.0%) 0.00 195
2019-04-01 $285,000 (1.6%) $300,846 (-8.5%) 0.00 183
2019-05-01 $279,675 (0.4%) $296,390 (-8.6%) 0.00 198
2019-06-01 $289,630 (-1.8%) $296,706 (-11.0%) 0.00 208
2019-07-01 $285,000 (0.2%) $296,308 (-11.4%) 0.00 209
2019-08-01 $280,636 (-1.4%) $293,613 (-13.1%) 0.00 235
2019-09-01 $274,091 (-3.8%) $289,167 (-12.4%) 0.00 276
2019-10-01 $269,894 (-7.2%) $287,501 (-10.7%) 0.00 303
2019-11-01 $285,000 (-1.7%) $298,948 (-7.7%) 0.00 259
2019-12-01 $289,665 (1.0%) $300,599 (-5.1%) 0.00 237
2020-01-01 $288,674 (-0.4%) $301,885 (-2.9%) 0.00 221
2020-02-01 $290,000 (0.3%) $316,900 (1.7%) 0.00 220
2020-03-01 $289,963 (0.7%) $313,857 (2.7%) 0.00 224
2020-04-01 $289,900 (1.7%) $321,562 (6.9%) 0.00 218
2020-05-01 $289,900 (3.7%) $319,863 (7.9%) 0.00 213
2020-06-01 $294,500 (1.7%) $309,848 (4.4%) 0.00 213
2020-07-01 $289,000 (1.4%) $319,323 (7.8%) 0.00 203
2020-08-01 $297,950 (6.2%) $331,019 (12.7%) 0.00 151
2020-09-01 $291,250 (6.3%) $332,686 (15.1%) 0.00 146
2020-10-01 $309,949 (14.8%) $348,967 (21.4%) 0.00 133
2020-11-01 $299,998 (5.3%) $347,820 (16.4%) 0.00 122
2020-12-01 $302,495 (4.4%) $350,982 (16.8%) 0.00 109
2021-01-01 $299,990 (3.9%) $347,886 (15.2%) 0.00 101
2021-02-01 $299,988 (3.4%) $335,334 (5.8%) 0.00 116
2021-03-01 $310,223 (7.0%) $336,929 (7.4%) 0.00 107
2021-04-01 $323,750 (11.7%) $354,796 (10.3%) 0.00 103
2021-05-01 $349,900 (20.7%) $377,184 (17.9%) 0.00 99
2021-06-01 $359,950 (22.2%) $389,229 (25.6%) 0.00 122
2021-07-01 $359,999 (24.6%) $398,835 (24.9%) 0.00 140
2021-08-01 $369,000 (23.9%) $406,848 (22.9%) 0.00 147
2021-09-01 $374,975 (28.8%) $407,297 (22.4%) 0.00 179
2021-10-01 $379,000 (22.3%) $412,898 (18.3%) 0.00 183
2021-11-01 $379,059 (26.4%) $408,391 (17.4%) 0.00 174
2021-12-01 $381,222 (26.0%) $411,925 (17.4%) 0.00 154
2022-01-01 $380,000 (26.7%) $421,175 (21.1%) 0.00 140
2022-02-01 $394,925 (31.7%) $421,145 (25.6%) 0.00 147
2022-03-01 $417,225 (34.5%) $434,943 (29.1%) 0.00 139
2022-04-01 $435,000 (34.4%) $459,953 (29.6%) 0.00 140
2022-05-01 $437,000 (24.9%) $463,271 (22.8%) 0.00 156
2022-06-01 $434,250 (20.6%) $477,758 (22.7%) 0.00 199
2022-07-01 $425,000 (18.1%) $471,275 (18.2%) 0.00 254
2022-08-01 $416,975 (13.0%) $458,841 (12.8%) 0.00 266
2022-09-01 $403,097 (7.5%) $456,411 (12.1%) 0.00 282
2022-10-01 $399,900 (5.5%) $440,209 (6.6%) 0.00 281
2022-11-01 $399,000 (5.3%) $431,116 (5.6%) 0.00 278
2022-12-01 $395,000 (3.6%) $426,088 (3.4%) 0.00 259
Pahrump's median listing price for 2022-12-01 was $395,000, a difference of $13,778 (3.6%) versus the prior year and $-4,000 versus the prior month.

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

Pahrump's average listing price for 2022-12-01 was $426,088, a difference of $14,163 (3.4%) versus the prior year and $-5,028 versus the prior month.

For the 2022-12-01 period, Pahrump had 259 MLS listings, a difference of -19 listings (-7%) versus the prior month and 105 listings (68%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Pahrump (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,218 sqft
2018-02-01 0 days 2,166 sqft
2018-03-01 0 days 2,228 sqft
2018-04-01 0 days 2,200 sqft
2018-05-01 0 days 2,202 sqft
2018-06-01 0 days 2,201 sqft
2018-07-01 0 days 2,134 sqft
2018-08-01 0 days 2,118 sqft
2018-09-01 0 days 2,110 sqft
2018-10-01 0 days 2,156 sqft
2018-11-01 0 days 2,180 sqft
2018-12-01 0 days 2,113 sqft
2019-01-01 0 days 2,090 sqft
2019-02-01 0 days 2,088 sqft
2019-03-01 0 days 2,078 sqft
2019-04-01 0 days 2,065 sqft
2019-05-01 0 days 2,036 sqft
2019-06-01 0 days 2,025 sqft
2019-07-01 0 days 2,024 sqft
2019-08-01 0 days 2,014 sqft
2019-09-01 0 days 2,003 sqft
2019-10-01 0 days 2,009 sqft
2019-11-01 0 days 2,024 sqft
2019-12-01 0 days 2,050 sqft
2020-01-01 0 days 2,036 sqft
2020-02-01 0 days 2,036 sqft
2020-03-01 0 days 2,022 sqft
2020-04-01 0 days 2,027 sqft
2020-05-01 0 days 2,048 sqft
2020-06-01 0 days 2,022 sqft
2020-07-01 0 days 2,025 sqft
2020-08-01 0 days 2,080 sqft
2020-09-01 0 days 2,038 sqft
2020-10-01 0 days 2,087 sqft
2020-11-01 0 days 2,086 sqft
2020-12-01 0 days 2,087 sqft
2021-01-01 0 days 2,021 sqft
2021-02-01 0 days 1,959 sqft
2021-03-01 0 days 2,009 sqft
2021-04-01 0 days 2,025 sqft
2021-05-01 0 days 2,043 sqft
2021-06-01 0 days 2,065 sqft
2021-07-01 0 days 2,022 sqft
2021-08-01 0 days 2,013 sqft
2021-09-01 0 days 2,013 sqft
2021-10-01 0 days 1,977 sqft
2021-11-01 0 days 1,983 sqft
2021-12-01 0 days 1,997 sqft
2022-01-01 0 days 1,990 sqft
2022-02-01 0 days 1,985 sqft
2022-03-01 0 days 2,006 sqft
2022-04-01 0 days 2,074 sqft
2022-05-01 0 days 2,022 sqft
2022-06-01 0 days 2,022 sqft
2022-07-01 0 days 2,017 sqft
2022-08-01 0 days 2,003 sqft
2022-09-01 0 days 1,991 sqft
2022-10-01 0 days 1,999 sqft
2022-11-01 0 days 1,999 sqft
2022-12-01 0 days 2,011 sqft
Pahrump's median listing age (time on market) for 2022-12-01 was 0 days.

Pahrump's median square footage for active listings during the 2022-12-01 period was 2,011 sqft. One year prior, the average listing was 1,997 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).