Today's Mortgage Rates in Nevada (December 2024)

Today's 30-year mortgage rate in Nevada is at an average of 6.44%, below the national rate of 6.83%. Nevada's mortgage programs, such as Home is Possible for First-Time Homebuyers and Home is Possible for Teachers, can help lower homebuyers' expenses.

MoneyGeek uses publicly available data from Zillow for the rates on this page. Mortgage rates shift daily, and we take a snapshot of rates to analyze rate information for Nevada. We update the data frequently to ensure you have access to the most recent rates, but the values may differ slightly between reporting sources. Unless specifically noted otherwise, rates featured in the content are annual percentage rates (APRs).

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This data was last updated in December 2024.

Current Mortgage Rates in Nevada

As of December 2024, the average APR for a 30-year fixed mortgage in Nevada is 6.44%, down from 6.77% last month. On a $250,000 loan with a 20% down payment, this rate decrease could lead to savings of around $959 over the life of the loan, not including property taxes or HOA fees.

Rates fluctuate due to changes in the economy and Federal Reserve policies. The line chart below shows how these rates have trended over the past several months.

Current Mortgage Rates in Nevada (Jan to May)

Even small changes in mortgage rates can significantly impact your finances. Understanding Nevada's current mortgage rates can help you create a realistic budget.

Who Needs to Know Current Mortgage Rates in Nevada?

Both first-time homebuyers and seasoned investors benefit from understanding today's mortgage interest rates in Nevada:

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    First-time homebuyers

    Knowing current mortgage rates helps Nevada's first-time homebuyers gauge the market and assess the competitiveness of offered rates.

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    Homeowners with mortgages

    Nevada homeowners can use current rates to determine whether a mortgage refinance offers financial benefits compared to their existing rates.

Purchase and refinance rates are different. The current purchase rate in Nevada for a 30-year fixed mortgage is 6.44%, while refinancing has an average APR of 6.64%.

Current Mortgage Rates in Nevada by Loan Type

The loan duration influences your rate. A 30-year fixed-rate mortgage usually has a higher interest rate than a 15-year one. The longer loan term presents more uncertainty and risk for lenders, including potential nonpayment and fluctuating rates.

Different mortgage types in Nevada impact your payments. Use a mortgage calculator to understand the impact of various rates on your monthly payments and overall loan cost.

Data filtered by:Results filtered by:
Loan Type:
Loan Type:10-Year Fixed
5.66%5.87%
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INTEREST RATE VS. APR: WHAT'S THE DIFFERENCE?

An interest rate is what you pay each year to borrow money for a mortgage. Nevada's average interest rate for a 30-year fixed-rate mortgage is 6.37%.

An APR (annual percentage rate) is the interest rate plus other costs like mortgage points and fees, giving you a broader view of your yearly loan costs. Nevada's average APR for a 30-year fixed-rate mortgage is 6.44%.

Current Mortgage Rates in Nevada by Credit Score

In Nevada, a credit score of 740 or higher with a 5% to 20% down payment typically results in a 6.70% APR for a 30-year fixed-rate mortgage. For scores below 680, the APR jumps to 7.86%. Use the table below to explore rates based on your credit score and down payment.

Data filtered by:Results filtered by:
Credit Score Range:
Credit Score Range:680 - 740
Down Payment:
Down Payment:5% to 20%
10-year Fixed5.98%
15-year Fixed6.16%
20-year Fixed7.28%
30-year Fixed7.09%
5-year ARM7.86%
7-year ARM8.30%

Mortgage Types in Nevada

In December 2024, 30-year fixed-rate VA loans offer Nevada's lowest average APR at 6.26% for buying a home in Nevada. Knowing your mortgage options can lead to better financial decisions. Here are the mortgage loan types in Nevada:

Mortgage Type
Definition
Impact on Rates
30-Year Rates in Nevada

Conventional Loans

A conventional loan is not insured or guaranteed by the government.

Conventional loans in Nevada may offer lower rates for borrowers with good credit and a strong financial profile.

6.44%

FHA Loans

FHA loans are backed by the Federal Housing Administration and are easier to qualify for.

FHA loans in Nevada can offer competitive rates, even with lower credit scores or smaller down payments.

7.92%

VA Loans

VA loans are guaranteed by the U.S. Department of Veterans Affairs for eligible military members.

VA loans in Nevada often come with competitive rates due to the backing from the Department of Veterans Affairs.

6.26%

USDA Loans

USDA loans support rural development, guaranteed by the United States Department of Agriculture.

USDA loans in Nevada may offer lower rates as the program aims to boost rural homeownership.

currently unavailable

Jumbo Loans

Jumbo loans exceed the conforming loan limits set by the Federal Housing Finance Agency.

Jumbo loans in Nevada may carry higher rates due to the larger loan amounts and increased lender risk.

6.64%

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MORTGAGE RATE STRUCTURES IN NEVADA

Mortgage rates are either fixed or adjustable.

  • Fixed-rate mortgages lock in your interest rate, ensuring consistent monthly payments for stable budgeting.
  • Adjustable-rate mortgages (ARM) may start with lower rates that adjust over time, lowering your payments when interest rates drop.

As of December 2024, Nevada has a 6.44% APR for a 30-year fixed mortgage and a 7.04% APR for a seven-year ARM.

Mortgage Lenders in Nevada

Better, U.S. Bank and LoanDepot are the top mortgage choices in Nevada. They meet key criteria: operating in the state, having Better Business Bureau (BBB) accreditation and offering homeowner assistance programs. Rates vary by lender, so compare all options for the best deal on your Nevada home.


  • Better

    • 4Number of Mortgage Options
    • YesOnline Application
    • B+BBB Rating
    • Monday to Friday, 8 am to 9 pm ET Saturday and Sunday, 9 am to 9 pm ETCustomer Service Hours

    Better exclusively serves borrowers online, offering fixed-rate and adjustable-rate mortgages. A minimum credit score of 700 is required for jumbo loans, while conventional loans start at 620. FHA loans are available to those with a score of 580 and above. Down payments start at 3% but can reach 10% for a below 580 credit score or 25% for nonresident co-borrowers.

    Customer service is available via phone or email from 8 a.m. to 9 p.m. ET on weekdays and 9 a.m. to 9 p.m. ET on weekends. Better also offers an exclusive homeowners assistance program called the Better Real Estate discount.

    Pros

    • Loan officers not paid by your loan
    • Provides rapid loan commitment
    • Open for support on Sundays

    Cons

    • No VA or USDA loans offered
    • B+ rating with BBB
    • Operations limited to online only
    Better

  • U.S. Bank

    • 6Number of Mortgage Options
    • YesOnline Application
    • NRBBB Rating
    • Monday to Friday, 7 am to 8 pm CT Saturday, 8 am to 2 pm CTCustomer Service Hours

    U.S. Bank offers various mortgages in Nevada, including conventional, FHA, VA and jumbo loans for new purchases and refinancing. Minimum credit scores range from 660 for ARMs and jumbo loans to 640 for FHA loans. Down payments start at 3% for conventional loans and 3.5% for FHA. VA loans require no down payment.

    Video, phone and in-person customer support is available Monday through Friday from 7 a.m. to 8 p.m. CT and Saturday from 8 a.m. to 2 p.m. CT. U.S. Bank supports homeowners with forbearance, repayment plans, loan modifications and payment deferral options.

    Pros

    • Online prequalification
    • Unique mortgage products
    • Interactive mortgage calculator

    Cons

    • No BBB rating despite accreditation
    • Limited branch availability in 27 states
    • Loan advisor call mandatory for application completion
    U.S. Bank

  • Loan Depot

    • 3Number of Mortgage Options
    • YesOnline Application
    • A+BBB Rating
    • Monday to Friday, 10 am to 9 pm ETCustomer Service Hours

    LoanDepot offers online and in-person mortgage options, including fixed-rate and adjustable-rate loans. The minimum credit score required for FHA loans is 580. Conventional loans start with a 5% down payment, while FHA loans offer 3.5% down with a 580+ credit score. VA and USDA loans don't require a down payment for eligible borrowers.

    Customer support via phone and email is available Monday through Friday from 10 a.m. to 9 p.m. ET. LoanDepot also offers Loss Mitigation Assistance, ensuring comprehensive support for Nevada homeowners facing financial challenges.

    Pros

    • Assists during financial hardships
    • High BBB rating, indicating trustworthiness
    • Interactive mortgage calculator

    Cons

    • No unique mortgage products
    • No weekend customer support
    Loan Depot

Mortgage Programs in Nevada

Homeownership involves hidden costs that can affect your budget. Get support from the Nevada Housing Division, which offers various mortgage programs.

Program
Description

Home Is Possible for First-Time Homebuyers

Home Is Possible for First-Time Homebuyers eases the financial burden for first-time homebuyers by offering up to 4% of the loan amount to help with down payment and closing costs, forgivable after seven years. Buyers must have a 640 credit score and meet county-specific income and price limits.

Home Is Possible

Home Is Possible offers up to 5% toward down payment or closing costs and a 30-year fixed-rate mortgage with no requirement for first-time buyers. It's available to buyers purchasing homes under $766,550, with income under $140,000 and a minimum credit score of 640.

Home Is Possible for Teachers

Home Is Possible for Teachers offers K-12 public school teachers in Nevada $7,500 for down payment and closing costs, forgivable after five years, and a competitive 30-year fixed-rate mortgage. No first-time buyer status is required; the income cap is $135,000.

FAQ: Mortgage Rates in Nevada

Knowing today's mortgage rates in Nevada is crucial when buying a home. We've answered your questions to help you better understand the current rates and make well-informed decisions.

What are the current mortgage rates in Nevada?

How do mortgage rates in Nevada compare to national rates?

How does my credit score impact the mortgage rates I get in Nevada?

Are there any special mortgage programs in Nevada to help homebuyers?

How can I get the best possible mortgage rate in Nevada?

What are today's mortgage refinance rates in Nevada?

How do I calculate my mortgage payments?

About Zachary Romeo, CBCA


Zachary Romeo, CBCA headshot

Zachary Romeo is a certified Commercial Banking and Credit Analyst (CBCA), and the Head of Loans and Banking at MoneyGeek. Previously, he led production teams for some of the largest online informational resources in higher education, with over 13 years of experience in editorial production.

Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt and helping others do the same through people-first content.


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