Las Vegas Down Payment Guide 2025

Explore your path to Las Vegas homeownership with down payments as low as 0% in 2025. Learn about FHA, VA, and USDA loans.

Looking for the most up-to-date information?

I’ve published an updated Las Vegas Down Payment Guide for 2026 with current loan options and buyer insights. Read the 2026 guide here.

Owning your dream home in Las Vegas might be closer than you think, even if you don’t have a massive down payment saved up. While zero down options aren’t available to everyone, there are flexible financing programs that can make homeownership more accessible. If you’re thinking about buying a home in Las Vegas in 2025, this guide has everything you need to know to get started.

Las Vegas Market Overview

• Median Home Price: Approximately $480,000 (LVRData, May 2025).

• Buyer’s Advantage: Market inventory is rising! This means home buyers have increased options and more negotiating power (LVRData, May 2025).

  
  

Down Payment Requirements by Loan Type

• Conventional Loans: As low as 3% down for buyers with solid credit (typically 620+). For example, that's a $14,400 down payment for a $480,000 home.

  • Additional Consideration: Private Mortgage Insurance (PMI) is typically required if your down payment is less than 20%, which can add to your monthly costs but can be removed once you reach 20% equity.

• FHA Loans: Require 3.5% down ($16,800), ideal for buyers with moderate credit (580+).

  • Additional Consideration: FHA loans include an Upfront Mortgage Insurance Premium (UFMIP) of 1.75% of the loan amount, which can be rolled into your mortgage, and ongoing Monthly Mortgage Insurance Premiums (MIP) that typically last for the life of the loan unless you put down 10% or more.

• VA Loans: Veterans and active-duty service members can buy with 0% down and no private mortgage insurance (PMI) required.

  • Additional Consideration: VA loans require a funding fee (unless exempt) that can range from 1.25% to 3.3% of the loan amount, depending on your down payment and military status.

• USDA Loans: Offer 0% down for eligible rural areas near Las Vegas, generally requiring a 640 minimum credit score.

  • Additional Consideration: USDA loans also require an upfront guarantee fee (typically 1% of the loan amount) and an annual fee (around 0.35% of the remaining balance), which add to your monthly payment.

    
    

Down Payment Assistance Programs

• Home Is Possible (HIP): Up to 4% of your loan amount for down payments and closing costs, available through the Nevada Housing Division.

• Home At Last: Provides up to 5% in forgivable loans for rural buyers, managed by the Nevada Rural Housing Authority.

• WISH Grants: Matches your savings 4-to-1, up to $32,099 towards down payment and closing costs assistance for first-time buyers with low to moderate incomes.

• Middle-Income Down Payment Assistance: Grants up to $50,000 for qualifying first-time buyers (note: 2025 funds may be limited, so check for updates).

Eligibility Requirements

• Credit Score: Most programs require at least a 640, though FHA loans allow 580 with 3.5% down.

• Income Limits: Vary by program and household size (e.g., HIP caps at $135,000 for a family of four).

• Primary Residence: The home must be your primary residence to qualify for most assistance programs.

Why Buy in Las Vegas Now?

With expanding inventory and flexible financing options, 2025 is a promising time to buy in Las Vegas. Depending on your situation. programs like VA, USDA, and HIP can reduce or even eliminate upfront costs, while conventional and FHA loans make homeownership more accessible.

Ready to Buy Your Las Vegas Dream Home?

Let’s work together to find the perfect home and financing plan for you. I’m here to help you get prequalified and on the path to homeownership in one of America’s most dynamic real estate markets.. Contact me today for a free consultation.

This article reflects 2025 market conditions. For current information, view the Las Vegas Down Payment Guide 2026.

This guide provides general information to help you understand the homebuying process, but it is not a substitute for personalized financial, legal, or real estate advice. Always speak with a licensed professional for specific guidance.