What are the FHA loan requirements in Nevada for 2025?

Nevada FHA loan requirements for 2025 include: 580 minimum credit score for 3.5% down (or 500 credit score with 10% down), maximum 50% debt-to-income ratio, 3.5% minimum down payment, steady employment history (2+ years), primary residence occupancy, property must meet FHA appraisal standards, and loan amount within Nevada county limits ($498,257-$571,950 depending on county).

Can I buy a house in Las Vegas with bad credit using FHA?

Yes, FHA loans in Las Vegas accept credit scores as low as 580 (3.5% down) or 500 (10% down). Many Nevada lenders offer manual underwriting for borrowers with non-traditional credit. If your credit score is below 580, work on improving it for 6-12 months before applying, or consider down payment assistance programs that may help compensate for lower credit.

What is the maximum FHA loan amount in Nevada?

2025 FHA loan limits in Nevada vary by county: Clark County (Las Vegas, Henderson) - $498,257; Washoe County (Reno, Sparks) - $571,950; Carson City - $571,950. Rural Nevada counties range from $498,257 to $571,950. Multi-unit properties have higher limits (2-unit: up to $638,100-$732,050; 3-unit: up to $771,450-$884,700; 4-unit: up to $958,350-$1,099,450).

How much money do I need upfront for an FHA loan in Nevada?

Typical upfront costs for Nevada FHA loans: 3.5% down payment ($14,000 on $400K home), 1.75% upfront MIP ($7,000 on $400K - can be financed), 2-5% closing costs ($8,000-$20,000 - sellers can contribute up to 6%). Total cash needed: $15,000-$25,000 out of pocket, though down payment assistance programs can reduce this significantly. Gift funds from family can cover 100% of down payment.

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Cash-Out Refinance Calculator

Calculate how much equity you can access, estimated payments, and potential savings from a cash-out refinance in Nevada.

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Available Equity

Enter your home value and mortgage balance to see how much cash you can access.

Common Uses

Home renovations and improvements
Consolidate high-interest debt
Pay for college tuition
Investment property down payment

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Cash-Out Refinance Guide

How Cash-Out Refinancing Works

A cash-out refinance replaces your existing mortgage with a new, larger loan and gives you the difference in cash. You can access up to 80% of your home's value (minus your current mortgage balance).

Example: Your Nevada home is worth $500,000 and you owe $300,000. You can borrow up to $400,000 (80% LTV), receiving $100,000 in cash at closing.

Requirements

• Minimum 20% equity remaining after cash-out
• Credit score 620+ (FHA) or 640+ (conventional)
• Debt-to-income ratio under 43% (50% for FHA)
• Stable income and employment history
• Home appraisal confirms sufficient value

Nevada Cash-Out Example

Home value: $450,000 (Henderson)

Current mortgage: $280,000

Available equity: $170,000

Max cash-out: $80,000 (leaving 20% equity)

New loan: $360,000 | Cash received: $80,000

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