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 FHA loans

CASH-OUT REFINANCE

Cash-Out Refinance Nevada Guide

Access your Nevada home equity through cash-out refinancing. Complete guide to requirements, rates, closing costs, and how much equity you can tap for renovations or debt consolidation.

Check My Equity Calculate Savings

Up to 80% LTV

Competitive Rates

Fast Closings

How Cash-Out Refinancing Works

Current Situation

Home Value: $500,000

Current Mortgage: $300,000

Equity: $200,000 (40%)

After Cash-Out Refi

New Loan: $400,000 (80% LTV)

Payoff Old Loan: -$300,000

Cash to You: $100,000

Requirements

• At least 20% equity remaining after cash-out
• Credit score 620+ (640+ for best rates)
• Debt-to-income ratio under 43-50%
• Stable income and employment
• Home appraisal confirms value
• On-time mortgage payments for 12 months

Common Uses

• Home renovations and improvements
• Debt consolidation (high-interest cards)
• Investment property down payment
• College tuition payments
• Emergency expenses or medical bills
• Business startup capital

Nevada Cash-Out Refinance Costs

Closing Costs Breakdown

Appraisal $500 - $700

Title Insurance & Search $800 - $1,500

Origination Fee (0.5-1%) $2,000 - $4,000

Credit Report & Misc Fees $500 - $1,000

Total Est. Closing Costs 2-5% of Loan Amount

Nevada Example

Home value: $480,000 (Las Vegas)

Current mortgage: $290,000

New loan (80% LTV): $384,000

Cash out: $94,000

Closing costs (3%): ~$11,520

Net cash: $82,480

Smart Tip

You can roll closing costs into your new loan amount to minimize out-of-pocket expenses, though this increases your loan balance and monthly payment.

Example: Borrow $395,520 instead of $384,000 to cover the $11,520 closing costs.

Cash-Out Refinance FAQs

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Get a personalized cash-out refinance quote and see how much you can borrow

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