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 81 lenders originated 386 FHA loans during 2022. The total origination value was $96,820,000, with an average FHA loan value of $250,829.

Pahrump FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Pahrump averaged 6.12% for the week of 2024-03-01, compared to the national average (all FHA variants) of 6.688% for the same period.

Pahrump's average FHA mortgage closing costs are $8,387.

The average rate for the prior week (2024-02-23) was 6.31% and one month ago for the week of 2024-01-26, the average rate was 5.9%.

The average rate one year ago was 6.23%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.3%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
AXIA FINANCIAL, LLC 33 5.42% $11,604
LOANDEPOT.COM, LLC 25 5.11% $9,695
UNITED WHOLESALE MORTGAGE, LLC 18 4.33% $10,346
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 4.44% $12,210
GUILD MORTGAGE COMPANY 14 5.39% $10,859
CARDINAL FINANCIAL 13 4.52% $13,339
BROKER SOLUTIONS, INC. 11 4.59% $11,028
QUICKEN LOANS, LLC 10 4.11% $9,891
CALIBER HOME LOANS, INC. 9 4.63% $10,102
HOME POINT FINANCIAL CORPORATION 8 4.36% $9,859
FINANCE OF AMERICA MORTGAGE LLC 8 4.97% $13,235
First Guaranty Mortgage Corporation 6 4.77% $10,203
NEWREZ LLC 6 4.50% $8,486
PLANET HOME LENDING, LLC 5 5.23% $14,278
FREEDOM MORTGAGE CORPORATION 5 3.87% $7,630
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 4.93% $11,735
PENNYMAC LOAN SERVICES, LLC 5 3.47% $9,980
FBC MORTGAGE, LLC 4 3.81% $9,198
LAKEVIEW LOAN SERVICING, LLC 4 2.94% $5,352
CROSSCOUNTRY MORTGAGE, LLC 4 5.09% $13,542
GUARANTEED RATE, INC. 4 6.08% $12,780
DHI MORTGAGE COMPANY, LTD. 4 4.94% $10,181
MORTGAGE MANAGEMENT CONSULTANTS, INC. 4 4.69% $8,262
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 6.19% $9,791
PANORAMA MORTGAGE GROUP, LLC 3 4.67% $11,060
AMERISAVE MORTGAGE CORPORATION 3 4.33% $19,948
South Pacific Financial Corporation 3 4.21% $14,615
SUN WEST MORTGAGE COMPANY, INC. 3 3.38% $6,699
CASTLE & COOKE MORTGAGE, LLC 3 4.21% $18,965
CMG MORTGAGE, INC. 3 4.91% $15,412
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 4.79% $8,653
DATA MORTGAGE, INC. 3 5.00% $20,845
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 4.50% $11,885
VILLAGE CAPITAL MORTGAGE 2 3.88% $3,875
AMERICAN FINANCIAL RESOURCES, INC. 2 5.31% $7,115
Amerifirst Financial, Inc. 2 6.31% $10,874
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.00% $13,356
Barrington Bank & Trust Company, N.A. 2 4.50% $11,945
BAY EQUITY LLC 2 5.00% $14,606
Carrington Mortgage Services, LLC 2 4.25% $11,402
EVERETT FINANCIAL, INC. 2 6.25% $6,925
MOVEMENT MORTGAGE, LLC 2 3.50% $11,239
Mr. Cooper ( Nationstar Mortgage ) 2 5.19% $5,013
MUTUAL OF OMAHA MORTGAGE, INC. 2 4.25% $13,176
Nations Lending Corporation 2 4.38% $10,707
ONE NEVADA CREDIT UNION 2 3.81% $10,033
ON Q FINANCIAL, INC. 2 5.56% $18,914
RESIDENTIAL BANCORP 2 6.25% $13,831
RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 4.75% $10,689
RMS & Associates 2 5.38% $11,286
SECURITYNATIONAL MORTGAGE COMPANY 2 5.69% $13,612
TOP FLITE FINANCIAL, INC. 2 5.31% $17,644
UNITED MORTGAGE CORP 2 5.44% $14,460
NATIONS DIRECT MORTGAGE, LLC 1 3.99% $14,495
BNC National Bank 1 5.50% $10,443
Neighborhood Loans, Inc. 1 4.38% $12,095
HAMILTON HOME LOANS, INC. 1 4.99% $11,296
OCMBC, INC. 1 3.75% $13,856
SUMMIT FUNDING, INC. 1 7.25% $12,988
Sunflower Bank 1 5.25% $11,526
GREATER NEVADA LLC 1 7.00% $6,913
Flagstar Bank, FSB 1 4.25% $19,800
First Option Mortgage, LLC 1 5.50% $13,684
PREMIER MORTGAGE RESOURCES, L.L.C. 1 3.75% $13,302
Commerce Home Mortgage, Inc. 1 5.13% $10,377
Prosperity Home Mortgage, LLC 1 5.25% $16,510
CANOPY MORTGAGE, LLC 1 4.75% $15,447
AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.75% $15,438
U.S. Bank 1 6.25% $17,282
Hometown Equity Mortgage, LLC 1 5.25% $8,632
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 4.63% $11,224
LEADERONE FINANCIAL CORPORATION 1 3.63% $9,658
HOME FUNDING CORPORATION 1 6.63% $18,547
Magnolia Bank 1 3.63% $10,457
MANN FINANCIAL INC. 1 5.25% $16,281
MORIA DEVELOPMENT, INC. 1 4.50% $10,833
HOMEAMERICAN MORTGAGE CORPORATION 1 5.00% $7,294
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.75% $19,943
ACADEMY MORTGAGE CORPORATION 1 6.13% $13,722
AMERICA FIRST 1 4.00% $6,374
Sierra Pacific Mortgage Company, Inc. 1 4.63% $18,074

The top Pahrump FHA lender as defined by loan originations is AXIA FINANCIAL, LLC, with 33 FHA loans originated. Their average total fees are $11,604, which is $1,909 higher than the next largest lender, LOANDEPOT.COM, LLC.

The lowest fee Pahrump FHA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC ($9,695), QUICKEN LOANS, LLC ($9,891), UNITED WHOLESALE MORTGAGE, LLC ($10,346), GUILD MORTGAGE COMPANY ($10,859) and BROKER SOLUTIONS, INC. ($11,028).

The lowest rate Pahrump FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.11%), UNITED WHOLESALE MORTGAGE, LLC (4.33%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.44%), CARDINAL FINANCIAL (4.52%) and BROKER SOLUTIONS, INC. (4.59%).

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
PAHRUMP, NV NYE 2023 $472,030 $604,400 $730,525 $907,900

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 (18.8%) $281,437 (14.2%) 0.00 130
2018-02-01 $264,725 (16.5%) $279,656 (7.2%) 0.00 146
2018-03-01 $278,900 (22.9%) $318,389 (18.7%) 0.00 136
2018-04-01 $280,475 (22.0%) $328,781 (19.6%) 0.00 120
2018-05-01 $278,485 (19.0%) $324,247 (17.5%) 0.00 116
2018-06-01 $294,900 (19.4%) $333,482 (17.3%) 0.00 133
2018-07-01 $284,450 (15.9%) $334,272 (19.1%) 0.00 146
2018-08-01 $284,725 (14.4%) $337,928 (20.9%) 0.00 166
2018-09-01 $284,950 (16.4%) $330,018 (17.4%) 0.00 188
2018-10-01 $291,450 (19.0%) $324,029 (13.9%) 0.00 196
2018-11-01 $290,000 (16.5%) $323,765 (11.4%) 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 (9.2%) $311,746 (11.5%) 0.00 205
2019-03-01 $287,835 (3.2%) $305,506 (-4.1%) 0.00 196
2019-04-01 $284,975 (1.6%) $300,527 (-8.6%) 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 (-7.4%) $287,501 (-11.3%) 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 $289,944 (0.7%) $313,669 (2.7%) 0.00 224
2020-04-01 $289,900 (1.7%) $321,562 (7.0%) 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 $289,225 (1.5%) $319,795 (7.9%) 0.00 204
2020-08-01 $299,000 (6.5%) $332,061 (13.1%) 0.00 152
2020-09-01 $295,250 (7.7%) $334,236 (15.6%) 0.00 146
2020-10-01 $309,997 (14.9%) $350,137 (21.8%) 0.00 132
2020-11-01 $300,000 (5.3%) $349,014 (16.8%) 0.00 122
2020-12-01 $304,998 (5.3%) $352,352 (17.2%) 0.00 110
2021-01-01 $299,995 (3.9%) $349,387 (15.7%) 0.00 101
2021-02-01 $302,238 (4.2%) $337,521 (6.5%) 0.00 116
2021-03-01 $312,218 (7.7%) $342,143 (9.1%) 0.00 109
2021-04-01 $325,000 (12.1%) $359,027 (11.7%) 0.00 104
2021-05-01 $349,900 (20.7%) $381,389 (19.2%) 0.00 99
2021-06-01 $359,950 (22.2%) $389,229 (25.6%) 0.00 122
2021-07-01 $360,000 (24.5%) $398,835 (24.7%) 0.00 140
2021-08-01 $369,000 (23.4%) $406,848 (22.5%) 0.00 147
2021-09-01 $374,975 (27.0%) $407,297 (21.9%) 0.00 179
2021-10-01 $379,000 (22.3%) $412,898 (17.9%) 0.00 183
2021-11-01 $379,059 (26.4%) $408,391 (17.0%) 0.00 174
2021-12-01 $381,222 (25.0%) $411,925 (16.9%) 0.00 154
2022-01-01 $380,000 (26.7%) $421,175 (20.6%) 0.00 140
2022-02-01 $394,925 (30.7%) $421,145 (24.8%) 0.00 147
2022-03-01 $417,225 (33.6%) $434,943 (27.1%) 0.00 139
2022-04-01 $435,000 (33.9%) $459,953 (28.1%) 0.00 140
2022-05-01 $437,000 (24.9%) $463,271 (21.5%) 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%) $440,364 (6.7%) 0.00 281
2022-11-01 $399,000 (5.3%) $431,116 (5.6%) 0.00 278
2022-12-01 $396,500 (4.0%) $426,936 (3.6%) 0.00 258
2023-01-01 $396,500 (4.3%) $417,865 (-0.8%) 0.00 228
2023-02-01 $395,675 (0.2%) $415,690 (-1.3%) 0.00 244
2023-03-01 $399,900 (-4.2%) $420,913 (-3.2%) 0.00 251
2023-04-01 $400,000 (-8.1%) $429,692 (-6.6%) 0.00 245
2023-05-01 $391,124 (-10.5%) $420,138 (-9.3%) 0.00 286
2023-06-01 $398,000 (-8.4%) $423,041 (-11.5%) 0.00 297
2023-07-01 $399,900 (-5.9%) $429,511 (-8.9%) 0.00 282
2023-08-01 $393,973 (-5.5%) $424,718 (-7.4%) 0.00 289
2023-09-01 $395,000 (-2.0%) $450,970 (-1.2%) 0.00 226
2023-10-01 $397,500 (-0.6%) $451,843 (2.6%) 0.00 226
2023-11-01 $399,000 (0.0%) $454,280 (5.4%) 0.00 208
2023-12-01 $400,000 (0.9%) $446,971 (4.7%) 0.00 206
2024-01-01 $409,500 (3.3%) $446,394 (6.8%) 0.00 199
Pahrump's median listing price for 2024-01-01 was $409,500, a difference of $13,000 (3.3%) versus the prior year and $9,500 versus the prior month.

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

Pahrump's average listing price for 2024-01-01 was $446,394, a difference of $28,529 (6.8%) versus the prior year and $-577 versus the prior month.

For the 2024-01-01 period, Pahrump had 199 MLS listings, a difference of -7 listings (-3%) versus the prior month and -29 listings (-13%) 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 2,164 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 2,202 sqft
2018-07-01 0 days 2,144 sqft
2018-08-01 0 days 2,126 sqft
2018-09-01 0 days 2,107 sqft
2018-10-01 0 days 2,141 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 2,076 sqft
2019-04-01 0 days 2,062 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 2,021 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 2,087 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 2,021 sqft
2021-04-01 0 days 2,026 sqft
2021-05-01 0 days 2,057 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 2,009 sqft
2023-01-01 0 days 2,019 sqft
2023-02-01 0 days 2,008 sqft
2023-03-01 0 days 2,022 sqft
2023-04-01 0 days 2,022 sqft
2023-05-01 0 days 2,012 sqft
2023-06-01 0 days 2,022 sqft
2023-07-01 0 days 2,029 sqft
2023-08-01 0 days 1,975 sqft
2023-09-01 0 days 1,977 sqft
2023-10-01 0 days 1,997 sqft
2023-11-01 0 days 2,049 sqft
2023-12-01 0 days 2,055 sqft
2024-01-01 0 days 2,057 sqft
Pahrump's median listing age (time on market) for 2024-01-01 was 0 days.

Pahrump's median square footage for active listings during the 2024-01-01 period was 2,057 sqft. One year prior, the average listing was 2,019 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).