Nevada FHA loans are home loans insured by the FHA (Federal Housing Administration) which give Nevada borrowers the opportunity to secure NV home loans, when they don't quality for other conventional loans. For example, future Nevada homeowners with little credit history or poor credit history are sometimes able to qualify for Nevada FHA loans.
Nevada FHA Loans for First Time Homeowners
NV FHA loans are ideal for first-time Nevada homeowners due to low down-payment requirements and flexible qualifying guidelines.
Refinancing with FHA Loans in Nevada
FHA also offers a refinancing option for Nevada homeowners where it's possible to refinance up to 97.5% of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85%.
FHA Loan Requirements - Nevada
- No income limit
- Nevada borrower credit score flexibility
- 3.5% down payment on Nevada Purchase Loans
- Bankruptcy: NV FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
- Foreclosures: An FHA loan can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)
Nevada (NV) FHA Loan Limits
FHA loan limits in Nevada vary based on a number of criteria including the specific. location (county), number of units in the property (up to 4-unit properties in Nevada), etc. Please contact Home Point Financial's Nevada FHA loan experts for details on loan limits for FHA loans in Nevada (NV).
Apply online or contact Home Point Financial to learn more about FHA loans in Nevada.