Compare mortgage rates and fees for leading lenders in Las Vegas, NV. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Las Vegas.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Las Vegas. Plus, shopping lenders is free and there is no obligation.
November 11, 2019
The current average rate for a 30 year fixed rate mortgage in Las Vegas is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
The median home value for Las Vegas, NV (Clark County) is $309,500
The median household income for Las Vegas, NV (Clark County) is $56,560
Based on current mortgage rates and a 10% down payment, you need to make $57,422 per year to buy the median priced home in Las Vegas
The home price you can afford to buy based on household income in Las Vegas is 98% of the median home value which means housing prices are expensive
Las Vegas (Clark County) ranks 15 out of 17 counties in Nevada and 3,009 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Las Vegas, NV is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Las Vegas (Clark County) below.
Conforming loan limits for Las Vegas, NV
FHA loan limits for Las Vegas, NV
VA loan limits for Las Vegas, NV
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index