Nevada Mortgage Rates

Compare Nevada mortgage rates and choose the best option for your needs.

By Myfin Team
Updated May 28, 2024
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Purchase Price
Down payment
Loan term
  • 10-Year Fixed
  • 15-Year Fixed
  • 20-Year Fixed
  • 30-Year Fixed
  • 40-Year Fixed
  • 1-Year ARM
  • 3-Year ARM
  • 5-Year ARM
  • 7-Year ARM
  • 10-Year ARM
  • 3-Year ARM I/O
  • 5-Year ARM I/O
  • 7-Year ARM I/O
  • I/O = Interest only
Credit score
  • 740-850
  • 720-739
  • 700-719
  • 680-699
  • 660-679
  • 640-659
  • 620-639
  • 350-620
More options
  • Up to 3
  • 0
  • 0-1
  • 1-2
Property type
  • Single Family
  • Condo (Less than 4 stores)
  • Condo (More than 4 stores)
  • 41 - 2 units
  • 42 - 3 units
  • 43 - 4 units
Property use type
  • Primary Residence
  • Second Home
  • Investment
Showing 4 mortgages
Includes 0.012 Points (($38))
30-Year Fixed;
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  • Premier resource for one-stop lender shopping
  • Get personalized purchase & refinance options
  • Find out what you're eligible for fast
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  • 0% Down VA Loans for Veterans & Military
  • Secure preapproval quickly with 24/7 access
  • Competitively low VA rates, no PMI required
  • Over 300,000 verified 5-star reviews
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  • Top 3 Lender: Trusted and established.
  • 19K+ 5-star reviews: Proven customer satisfaction.
  • Wide mortgage selection: Tailored solutions.
  • Unmatched expertise: Your path to homeownership.
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Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. More information on rates and product details.
For example, if you apply for a 15-year $400,000 mortgage with an interest rate of 6.15% and a down payment of 10% you would receive $360,000 and make 180 payments of $3,067.14. The total amount paid would be $552,084.

Today's Mortgage Rates Trends in Nevada

Mortgage in Nevada: Top Lenders in 2024

Looking to purchase a home in the state of Nevada? Opting for a mortgage loan is the most convenient route, regardless of whether you're eyeing a residential property or an apartment. Yet, it's crucial to note that the terms of home loans can vary significantly among different lenders (use our mortgage calculator to estimate your future expenses). In the framework of this guide, we’ll review some of the top-rated lenders and try to find out which ones are worth considering.

NV Mortgage Lenders Comparison

All the lenders reviewed are trustworthy companies with reasonable rates and solid track records. To provide you with the most detailed information, we’ll compare them based on several key criteria, such as APR, minimum down payment, minimal requirements, and so on.

Northpointe Bank Mortgage

Northpointe Bank , headquartered in Grand Rapids, Michigan, was established in 1999. While its roots are in Michigan, it extends its mortgage services nationwide, accessible both online and through loan offices in 25 states. The array of offerings includes fixed- and variable-rate loans, available both privately and government-insured, covering FHA, VA, and USDA loans. These services cater to various purposes such as purchase, refinancing, and construction. Under optimal conditions — such as a credit score of 740 or higher and a 25% down payment — the APR for a 30-year loan stands at 6.607%, while for a 15-year loan, it is 6.464%. The minimum credit score required for eligibility is 620.

Pros: Cons:
Full spectrum of loan offerings, including unique offers with $0 down payment. The official website lacks transparency on any lender fees.
Extensive physical network. The average rates are not as low.


AmeriSave , founded in 2002, has solidified its presence as a nationwide lender, with its roots originating from Georgia. However, residents of its home state often enjoy some of the most enticing offers. The lender boasts excellent credibility, evidenced by its high ratings from BBB (A+) and Trustpilot (4.3/5).

The advertised rate of 4.899% necessitates a FICO score as lofty as 740 and a 20% upfront payment. As is customary, the actual rate you receive may surpass the advertised rate. To secure a conventional loan, a credit score of 620 is required, while government-insured plans are accessible with a starting score of 600.

Pros: Cons:
Highly lucrative mortgage rates. Not all of the lender fees included in the closing costs are transparently disclosed at the lender’s website.
Diversity of loan types offered. This includes purchase and refinancing with fixed and adjustable rates, as well as the three main kinds of government-backed loans (FHA, VA and USDA).
Easy and convenient, mobile-friendly application process.

Quicken Loans Mortgage

Quicken Loans is the previous brand name of Rocket Mortgage, the US-wide leader in capitalization across consumer lenders, adopted in 1999. As such, you receive the same options, terms, and services as with the latter. These include conventional mortgages with fixed or adjustable rates, jumbo loans, home equity loans, HELOCs, and federally-insured programs such as FHA and VA loans for both purchase and refinancing.

Conventional loans through Quicken Loans typically require a minimum credit score of 620. The advertised APR for a 30-year fixed-rate mortgage stands at 7.199%, which is relatively high compared to similar offers. Quicken Loans operates in all states, as well as in Washington D.C.

Pros: Cons:
High availability. No construction loans.
Easy application process. Rates above the market average.
Plethora of experience.

Average Mortgage Rate in Nevada from 1978 to 2018

The chart shows average conventional mortgage 30-Year Fixed Rates in Nevada.

Source: Federal Housing Finance Agency Monthly Interest Rate Survey

Information about the Housing Market and Real Estate Prices in Nevada

Criteria Amount, $
The median home value in Nevada $344,639
The income required to buy the median priced home in Nevada $56,468
The monthly mortgage payment required to buy the median priced home in Nevada $1,308
The median household income for Nevada $65,333

Things to Consider When Choosing a Mortgage Lender

Securing a mortgage loan entails a significant commitment spanning 15 to 30 years, demanding careful consideration before finalizing any agreement with a lender. Several crucial factors merit thorough evaluation when selecting a lending institution.

Type of Lender

Essentially, there are two prevalent choices: traditional banks and online mortgage lenders. Banks often present appealing rates, albeit with rigorous credit checks. Approval processes are lengthier, and meeting eligibility criteria can be challenging. Conversely, online lenders operate with swifter turnaround times and more lenient requirements for prospective homebuyers.

APR and Fees

Every loan incurs costs, and a mortgage is no different. These costs extend beyond the interest rate and may involve additional fees such as the origination fee, mortgage insurance fee, closing costs, and more. As of the current date, for a fixed-rate 30-year loan, the average mortgage rate in Nevada stands at 6.58%.

Terms and Conditions

Here, it's essential to factor in the minimum down payment requirement, which can range from 0% to 20% depending on various factors such as loan type and your current status (e.g., military, employed, self-employed). Another crucial parameter to consider is the loan's term, which dictates its total length. Common options include 15 and 30 years.

What Mortgage Lender is the Number One in Nevada?

The selection of dependable mortgage lenders in NV is vast, making it challenging to provide a definitive answer to this question. It all depends on various factors. For instance, one notable industry leader is Rocket Mortgage, boasting a loan volume of $11.5 billion in 2021. To make an informed decision, we recommend consulting our list of recommended lenders.

First-Time Homebuyer Programs in Nevada

Buying a home for the first time can be quite daunting. Fortunately, residents of Nevada can benefit from various governmental programs aimed at enhancing mortgage affordability.

  • The Federal Housing Administration (FHA) loan program provides insurance from the federal government to buyers. The insurance fee is incorporated into the total loan cost. In return, homebuyers receive significant benefits such as a low interest rate and minimal credit requirements. With this program, a buyer's FICO score can be as low as 500, and the debt-to-income ratio can be as high as 50%.
  • The USDA loan program is geared towards individuals residing in rural areas. Participants in this program may qualify for a mortgage loan with a zero down payment requirement. However, their annual income must not exceed 115% of the average income in their region.
  • The VA loan programs, insured by the Department of Veterans Affairs, are available to former military personnel or their spouses.

Pre-Approval: What Does It Mean?

Preliminary approval serves as a confirmation of a prospective homebuyer's credibility, signaling to home sellers that lenders are prepared to approve a mortgage loan for the buyer. To obtain pre-approval, individuals must provide documentary evidence of their financial capacity. A typical document set includes earning statements, account statements, a W2 form, or alternative proof of income covering at least a two-year period. Additionally, filling out the Uniform Residential Loan Application form is necessary.


Whether I Qualify for a Mortgage in Nevada or Not?

Qualification requirements for mortgage borrowers can slightly vary in different lending entities, but in most cases, they include a credit score of 620 and higher, and a debt-to-income ratio of at least 50%. Also, you need to provide evidence of your paying capacity and credibility: tax and account statements, employment status, credit reports, etc. Finally, you must be able to make the required down payment.

What is the maximum mortgage duration in NV?

The maximum length of a mortgage loan in the US is 30 years. There can be some exceptions with unqualified mortgages where the term can reach 40 years. However, these cases are very rare, and the terms of such loans are far from being favorable.

What is the mortgage rate right now in Nevada?

There is no simple answer to this question, as the final APR is defined individually for each borrower. However, there are average values for every US state. In Nevada, the current average mortgage rate for a 30-year period is 6.58%. For the term of 15 years, it is 5.98%.