FHA Loans in Nevada
The FHA loan limit in Nevada is $472,030 for a single-family home. FHA loans require just 3.5% down payment and accept credit scores as low as 580.
Nevada's FHA limits vary between Las Vegas (Clark County) and Reno (Washoe County), with some counties qualifying for elevated limits as prices have risen. FHA loans are popular in Las Vegas's suburban communities like Henderson, North Las Vegas, and Summerlin South where prices cluster around the FHA limit. In Reno, rising prices have made the baseline FHA limit tighter, potentially limiting options in the most desirable neighborhoods. Nevada's newer housing stock (many Las Vegas homes are post-1990) generally passes FHA appraisals cleanly.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: HUD, Zillow
FHA Loan Limit
$472,030
Min Down Payment
$16,521
3.5%
Est. Monthly Payment
$3,399
PITI + MIP
Min Credit Score
580
for 3.5% down
Monthly Payment Breakdown at FHA Limit
| Home Price | $472,030 |
| Down Payment (3.5%) | $16,521 |
| Loan Amount | $455,509 |
| Monthly Costs | |
| Principal & Interest (6.5%) | $2,879 |
| FHA Mortgage Insurance (MIP) | $209 |
| Property Tax | $193 |
| Homeowners Insurance | $118 |
| Total Monthly Payment | $3,399 |
* Estimated at 6.5% interest rate, 30-year fixed. MIP at 0.55% annual. Property tax at Nevada's average rate of 0.49%. Includes upfront MIP of 1.75% rolled into loan.
FHA Loan Requirements
Credit Score
580+ for 3.5% down payment. 500-579 requires 10% down.
Down Payment
Minimum 3.5% of purchase price. Can be a gift from family.
Debt-to-Income
Maximum 43% DTI ratio (up to 50% with compensating factors).
Property Requirements
Must be primary residence. FHA appraisal required (stricter than conventional).
Employment
2 years of steady employment history. Self-employed need 2 years of tax returns.
Mortgage Insurance
1.75% upfront MIP + 0.55% annual MIP. Required for life of loan (unless refinanced).
FHA vs Conventional in Nevada
| Feature | FHA | Conventional |
|---|---|---|
| Min Down Payment | 3.5% | 3-5% |
| Min Credit Score | 580 | 620 |
| Mortgage Insurance | Life of loan | Until 20% equity |
| Loan Limit (Nevada) | $472,030 | $766,550+ |
| Best For | Lower credit, small savings | Good credit, 20%+ down |
