Pahrump FHA Loan Rates, Closing Costs & Stats

Pahrump, 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.

    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).