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

SPARKS, NEVADA

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Sparks Mortgage Solutions

FHA Loans

3.5% down payment FHA financing perfect for Sparks first-time buyers and those rebuilding credit.

• Minimum 580 credit score
• Gift funds welcome
• Up to 50% DTI allowed

VA Loans

$0 down, no PMI for veterans and active duty serving at nearby military installations.

• No down payment needed
• No monthly mortgage insurance
• Competitive fixed rates

Conventional

Low down payment conventional loans with the best rates for qualified Sparks buyers.

• 3%-5% down options
• PMI removable at 20% equity
• Best for 680+ credit

Sparks Housing Market

Sparks offers more affordable housing than neighboring Reno while maintaining easy access to jobs, entertainment, and recreation. With strong population growth and economic development, Sparks is an excellent choice for homebuyers seeking value.

Market Stats

Median Home Price $465,000

Population 110,000+

Avg. Days on Market 26 days

Why Choose Sparks?

More Affordable than Reno: Lower home prices with same market access
Growing Job Market: New business development and employment opportunities
No State Income Tax: Keep more money in your pocket
Family-Friendly: Excellent schools and safe neighborhoods
Outdoor Recreation: Close to Lake Tahoe, hiking, and skiing

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