FHA Home Loans

Program Overview

Insured by the Federal Housing Administration, FHA loans are built specifically to assist low-to-moderate-income families and first-time buyers in Las Vegas, Henderson, and Clark County.

Key Benefits

• Down payment as low as 3.5% with a 580 credit score
• More forgiving on past credit blemishes or shorter work histories
• Gift funds from family members are 100% allowable for down payment & closing costs
• Seller can contribute up to 6% toward closing costs

Qualifications

• Minimum 580 credit score for 3.5% down (500-579 requires 10% down)
• Maximum debt-to-income ratio generally up to 50%
• Two years of consistent employment history
• Property must be used as primary residence