Mortgage Friend · Home Purchase · Las Vegas, NV
First home, forever home, or investment property — the loan type you choose affects your payment, your costs, and your options. We match you to the right product and get your pre-approval done fast.
Loan Products
There's no single best loan — the right product depends on your service history, credit, down payment, and price range. Here's how the four main purchase loan types compare.
For veterans, active-duty service members, and surviving spouses. $0 down, no PMI ever, competitive rates — arguably the best mortgage product available to those who qualify.
Learn more →Backed by HUD, FHA loans allow credit scores as low as 580 with just 3.5% down. The most accessible path to homeownership for buyers without perfect credit or a large down payment.
Learn more →Not government-backed — conforming to Fannie Mae/Freddie Mac guidelines. PMI drops off at 20% equity (unlike FHA), higher loan limits up to $806,500, and typically the best rates for buyers with 620+ credit.
Learn more →For purchases where the loan amount exceeds the Clark County conforming limit. Stricter credit and reserve requirements, but competitive rates for well-qualified borrowers buying in Summerlin, Henderson, and other higher-price-point communities.
Learn more →Down Payment
How much you need upfront depends entirely on the loan type — and in many cases, Nevada DPA programs can cover the down payment entirely on FHA and conventional loans.
| Loan Type | Minimum Down | Notes |
|---|---|---|
| VA Loan | 0% | For eligible veterans, active-duty, and surviving spouses with full VA entitlement |
| USDA Loan | 0% | Rural areas only — limited applicability in greater Las Vegas metro |
| FHA Loan | 3.5% | Requires 580+ credit score; 10% down for 500–579. DPA programs can cover this |
| Conventional HomeReady / Home Possible | 3% | Income limits apply; requires 620+ credit; DPA programs can also cover this |
| Conventional Standard | 5–20% | PMI required under 20% down; removable at 20% equity |
| Jumbo Loan | 10–20%+ | Varies by loan amount and lender; 20–30% for loans above $1.5M |
Nevada DPA programs can cover your down payment
Nevada's Home Is Possible program provides up to 5% of the loan amount in down payment assistance — enough to cover the full FHA 3.5% or conventional 3% minimum. Combined with seller concessions for closing costs, many Nevada buyers close with minimal out-of-pocket expense.
Learn about Nevada DPA programsHow It Works
A standard purchase in Nevada takes 30–45 days from accepted offer. Here's what happens at each stage, and how we keep you on track.
We review your credit, income, and assets — then issue a pre-approval letter that shows sellers you're a serious, qualified buyer. Submit your documents (pay stubs, W-2s, bank statements, ID) and we move fast. Pre-approval before you start shopping is essential in Las Vegas's competitive market.
Shop with confidence knowing exactly what you qualify for. Your pre-approval letter is specific to a loan amount and strengthened with our lender's underwriting. When you find the right home, your agent submits the offer with your pre-approval attached.
Once your offer is accepted, we lock your interest rate and order the appraisal. We'll also coordinate with your title company and real estate agent to keep the transaction on schedule. The clock starts here.
The lender's underwriter verifies your income, credit, and the property appraisal. You may receive a "conditions" list — additional documents needed. We manage this process and keep you updated at every stage. Most conditions are routine and resolved quickly.
Once underwriting issues "Clear to Close," you'll receive your Closing Disclosure — a final breakdown of all loan terms and costs. You'll sign at the title company, wire your closing funds, and receive your keys. We stay available through closing day to answer any last-minute questions.
Las Vegas Market
The Las Vegas residential market remains active heading into 2026. The current median sale price is approximately $440,000, with meaningful variation by submarket. Henderson and Summerlin command premiums; North Las Vegas and the outer east valley offer more entry-level inventory.
Las Vegas is a competitive market. Multiple-offer situations are common in the $350,000–$550,000 range. Having a pre-approval letter before you start shopping is not optional — it's expected. Sellers routinely reject offers that come without one.
Standard closings run 30–45 days in Nevada. With documents ready and no appraisal complications, we can close in as few as 21 days. We can provide a pre-approval letter the same day or next business day once your documents are submitted.
Master-planned; The Ridges, Red Rock CC, Stonebridge
MacDonald Ranch, Anthem, Green Valley, Inspirada
Enterprise, Spring Valley, Mountain's Edge
Most affordable inventory in the metro; good FHA/VA territory
Price ranges reflect approximate active-market sale prices as of early 2026. Individual properties vary. Contact us for a current market assessment.
Common Questions
Start your application online or call us directly. You'll hear back the same day.