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Nevada Mortgage Rates today

Do you want your dream house in Nevada and are fascinated by rumors of current mortgage rates in Nevada? Be a Nevada first-time home buyer or a repeat buyer, Total Mortgage has the answer to your search! Whether you are investigating conventional and current mortgage rates in Nevada or looking at down payment assistance Nevada, we promise to make your property ownership dreams a reality faster and optimally. Our team keeps the mortgage rates today in Nevada updated twice a day and assists you with all possible help to realize your homeownership dream.

If you have any questions about securing the best mortgage rates in Nevada, please contact us today. We are here to assist you in finding the mortgage rates that best suit your needs.

Compare today's mortgage rates for Nevada

The mortgage rates in Nevada are as low as 5.500% for a 30-year fixed mortgage. These rates are effective as of October 12 2024 4:15pm EST.

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5.500% RATE

6.575% APR

$2,229/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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6.625% RATE

6.981% APR

$2,305/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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5.875% RATE

6.493% APR

$3,014/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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5.500% RATE

6.163% APR

$2,070/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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6.625% RATE

7.647% APR

$2,305/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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Latest revision - October 12 2024 4:15pm EST.
We update the table twice every day with the current mortgage rates.

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Frequently Asked Questions

What are mortgage rates in Nevada?

  Nevada mortgage rates are the interest rates that lenders in Nevada charge for home loans or refinancing. These rates generally impact Nevada homeowners who take out loans.
How do Nevada interest rates affect mortgages in the state?

  Higher monthly mortgage interest rates in Nevada may result from increased borrowing costs, which may be expensive, especially for first-time homebuyers with lower incomes.
Where can Nevada residents find the best mortgage rates?

  The table above allows you to compare monthly payments, annual percentage rates (APR), and mortgage rates to determine which program offers the best mortgage interest rates in Nevada.
Learn More

Nevada first-time homebuyer programs

NHD Home Is Possible for First-Time Home Buyers

The Nevada Housing Division spearheads several down payment assistance Nevada initiatives to empower prospective homeowners, most notably 'Home Is Possible,' which offers aid in obtaining mortgages and assistance in covering deposits and closing costs. Among these is a specially crafted loan for Nevada first-time home buyers that extends up to 4 percent of the total amount as subsequent financing in the form of a second mortgage to subsidize the down payment.

To explore first-time home buyers Nevada requirements, people can collaborate with over 80 approved loan providers throughout the state. The program exclusively offers FHA, VA, or USDA loans while omitting conventional options.

Applicant criteria encompass:

  • A minimum credit rating of 640
  • A debt-to-income proportion not surpassing 50 percent
  • Completing a complimentary online homebuyer education course online
  • Fulfilling NHD income boundaries that fluctuate by county

Income ceilings range from $88,100 for two or fewer individuals in areas like Churchill, Esmeralda, and White Pine to $131,860 for three or more individuals in counties like Storey and Washoe.

Property prerequisites include:

  • Location within Nevada
  • Designation as a primary domicile
  • Adherence to NHD purchase price constraints that vary by county and extend from $481,176 to $670,545.

NHD Home Is Possible for Teachers

Until June 30, 2024, instructors working in Nevada's public education system from kindergarten to 12th grade have access to an additional benefit under the Home Is Possible program. This first-time home buyer grant in Nevada offers educators up to $7,500 that can be applied towards either down payments or closing costs for those seeking to purchase a home, coupled with an attractive below-market mortgage interest rate. Unique to other housing assistance programs, applicants are not obligated to be first-time home buyers. Nonetheless, they must refrain from owning any real estate and commit to living in the purchased property as their primary residence long-term. After five years, loan can be forgiven.

To qualify under the primary criteria include:

  • Individual applicants earning less than $140,000 annually
  • A minimum credit rating of 660 for FHA loans, 640 for VA or USDA loans, or 680 for manufactured homes
  • A debt-to-income ratio capped at 50%
  • A one-time cost of $755 associated with the primary mortgage
  • Successful completion of a homebuyer education course
  • A maximum purchase price allowable of $766,550 for the property

Nevada down payment assistance

NHD Home First Program

The NHD Home First program offers eligible first-time buyers assistance through a forgivable loan for down payment costs. Up to fifteen thousand dollars is available to those meeting specific prerequisites exclusively aimed at making homeownership a reality. While closing expenses are not covered, three years of continual residency will absolve repayment of the funds. To be considered for such first-time home buyer programs Nevada, applicants must satisfy the following prerequisites:

  • Must be a first-time homeowner (any homeownership in the last three years is a disqualifier).
  • At least six consecutive months of living in Nevada is mandated.
  • A credit rating of no less than 640 is necessary.
  • An online homebuyer education course must be finished.
  • Yearly earnings cannot exceed the lender's income boundary.

Home At Last Down Payment Assistance Program

The program is financed by the Nevada Rural Housing Authority and is known as the Home At Last — a type of down payment assistance program. This program includes a three-year, interest-free, and no-payment second mortgage. The mortgage would be forgiven after three years of considering the property a person's primary residence. The chosen loan product uses specific eligibility requirements, including income restrictions, credit score conditions, etc. Besides, there are no purchase value restrictions, but a participant cannot exceed the lender's limit. An eligible participant would be anyone who has completed a free online education class, and works with a participating lender. This home buyer program Nevada is not necessarily for first-time buyers.

Workforce Initiative Subsidy for Homeownership (WISH) Grants

Greater Nevada Mortgage, with the support of the Federal Home Loan Bank of San Francisco, allows a one-time 4:1 match beyond the Higher Lender gift up to $29,172 of the borrower's down payment and closing cost investments. First-time buyers who meet the income and Greater Nevada Credit Union membership criteria qualify. Additionally, all potential applicants must fully participate in a homebuyer counseling session.

Middle-Income Down Payment Assistance (MDPA) Grants

Greater Nevada Mortgage offers a 5:1 match of the borrower's contribution, up to $50,000 for down payment and closing costs, to qualifying first-time homebuyers. To be eligible for such first-time home buyer programs in Nevada, applicants must complete homebuyer counseling, be members of Greater Nevada Credit Union, and earn between 80.01% and 140% of the regional median area earnings. Both borrower savings or gift contributions must be at least $10,000.

Home Means Nevada Rural Down Payment Assistance

August 1, 2023, through the closing date of the time-limited program, qualified rural Nevada homebuyers may receive closing costs at zero cost. Qualifying first-time homebuyers are eligible for principal housing for people with populations of less than 150,000 in rural areas. The second loan is secured by the assistance of the first payment and without interest, which will be forgiven between three years and December 31, 2026, or whatever comes later. This closing down payment assistance Nevada will expire in 2024 or after the expiration date of the last grant.

Other Nevada first-time homebuyer loans

FHA Loans

Federal housing options ease acquisition for restricted budgets. FHA loans require minimal credit and tiny down payments, allowing credit as low as 580 and just 3.5% down.

VA Loans

VA loans exclusively serve active military and veterans, regularly providing reduced rates versus standard mortgages while eliminating down payments for scores starting at 580.

USDA Loans

Rural homeowners seeking affordable homes encounter USDA loans, a program aiding those missing conventional loan qualifications and residing in remote regions. Targeting low to moderate earners outside urban areas, these no-money-down mortgages furnish the likelihood of securing affordable, fixed interest for the long haul. In agricultural Nevada, the USDA's Section 502 Direct Loan Program, funded directly by the agency, assists indigent rural borrowers. Payment helps bolster repayment power and cultivates safe housing procurement.

Inclusion of a program on this website does not constitute an endorsement by Total Mortgage and does not guarantee your eligibility or approval for the program.

*Terms and Conditions Apply. For complete details click here.



Today's Rates

Mortgage rates are volatile and subject to change without notice. All rates shown are for 30-day rate locks with two and a half points for a single family owner-occupied primary residence with 750 or higher FICO and 80 LTV over a 30-year loan term except where otherwise noted and are subject to mortgage approval with full documentation of income. The APR for a 30-year and 15-year conventional fixed-rate mortgage loans are calculated using a loan amount of $360,000, two and a half points, a $495 application fee, $450 appraisal fee, $1,195 underwriting fee, a $10 flood certification fee, and a $82 credit report fee.* 15-year conventional mortgage rates are calculated with a 15-year loan term.* The APR for jumbo mortgage rates is calculated using a loan amount of $500,000, two and a half points, a $495 application fee, $450 appraisal fee, $1,195 underwriting fee, $10 flood certification fee, and a $82 credit report fee.* The APR for FHA mortgage rates is calculated using a loan amount of $360,000, two and a half points, a $495 application fee, $450 appraisal fee, $1,195 underwriting fee, $10 flood certification fee, and a $82 credit report fee. Some rates and fees may vary by state.* The APR for adjustable rate mortgages (ARMs) is calculated using a loan amount of $360,000, two and a half points, a $495 application fee, $450 appraisal fee, $1,195 underwriting fee, $10 flood certification fee and a $82 credit report fee. Some rates and fees may vary by state. Products are subject to availability on a state-by-state basis. By refinancing your existing loan, your total finance charge may be higher over the life of the loan.