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 in Nevada

Turn your Nevada home equity into cash. Consolidate debt, fund renovations, or cover major expenses while refinancing your mortgage at competitive rates.

Check Cash-Out Options (702) 696-9900

How Cash-Out Works

Check Your Equity: Calculate how much equity you have (home value minus mortgage balance).

Refinance for More: Get a new larger mortgage (up to 80% of home value).

Receive Cash: The difference between your old and new loan is paid to you in cash.

Example

Home Value: $500,000

Current Mortgage: $300,000

New Mortgage (80%): $400,000

Cash to You: $100,000

Common Uses for Cash-Out

Debt Consolidation

Pay off high-interest credit cards, auto loans, or student loans at a lower mortgage rate.

Home Improvements

Fund kitchen remodels, bathroom upgrades, or add square footage to increase home value.

Education Expenses

Cover college tuition or vocational training costs at lower interest than student loans.

Business Investment

Start or expand a business using your home equity as capital.

Major Purchases

Buy a second home, RV, or make other significant purchases.

Cash-Out Requirements & Considerations

What You'll Need

Equity: At least 20% equity remaining after cash-out
Credit Score: 620+ (higher scores = better rates)
DTI Ratio: 43% or lower with new loan payment
Income: Sufficient income to support larger payment

Important Considerations

• Cash-out rates may be 0.125-0.25% higher than rate/term refinances
• Closing costs typically 2-5% of new loan amount
• You'll restart your loan term unless you refinance to a shorter term
• Interest may be tax-deductible if used for home improvements (consult tax advisor)
• Your monthly payment will increase