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.

Edited and reviewed by CEO Vatche Saatdjian — 30+ years of experience — Expert on Carson City home loans

CARSON CITY

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Carson City

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From first-time buyers to luxury home financing, we offer comprehensive mortgage solutions for Carson City residents

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3.5% down payment, flexible credit for Carson City first-time buyers

• Minimum 580 credit score
• Gift funds allowed
• 2-4 unit properties eligible

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VA Loans

$0 down, no PMI for veterans and active duty serving at Nellis AFB

• No down payment required
• No mortgage insurance
• Flexible credit guidelines

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Conventional

3% down conventional loans with competitive rates for qualified buyers

• 3% down payment options
• PMI removable at 20% equity
• Best rates for 740+ credit

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Jumbo Loans

Financing for luxury Carson City homes above conforming limits

• Loans above $766,550
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Carson City Market Overview

Market Snapshot

Median Home Price $475,000

Avg. Interest Rate 6.75%

Avg. Days on Market 28 days

Population 58,000+

Carson City, Nevada's capital, offers affordable housing compared to Reno and Las Vegas. With state government jobs providing economic stability, Carson City is ideal for families and professionals seeking small-town charm with urban amenities.

Why Buy in Carson City?

State Capital: Stable government employment and economic growth
Affordable Living: Lower home prices than Reno and Lake Tahoe
No State Income Tax: Nevada residents keep more of their paycheck
Lake Tahoe Access: 30 minutes to world-class skiing and recreation
Small-Town Feel: Close-knit community with excellent schools

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