Today's 30-year mortgage rate in Nevada is 6.75%, slightly lower than the national average of 6.9%. Homebuyers can access Nevada's mortgage programs, such as Home is Possible for First-Time Homebuyers and Home is Possible for Teachers, to lower their expenses.
Today's Mortgage Rates in Nevada
Today's mortgage rates in Nevada are 6.75% APR for a 30-year fixed and 7.04% APR for a 30-year FHA. The national averages are 6.9% and 7%, respectively.
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Zachary Romeo
Head of Loans and Banking at MoneyGeek
Zachary Romeo is the Head of Loans and Banking at MoneyGeek, with over 10 years of experience and forthcoming certification as a Commercial Banking and Credit Analyst (CBCA). Previously, he led production teams for some of the largest online informational resources in higher education. Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt through people-first content.
![](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_100,b_white/v1720022706/Head_Shot_Ramsey_Coulter_6522011f28.jpg)
Ramsey Coulter
Credit & Mortgage Expert
Ramsey Coulter has worked in the mortgage and credit industry for over 10 years. Currently a mortgage loan originator with CMG Home Loans, he specializes in helping first-time homebuyers navigate the mortgage process. Coulter is also a certified credit counselor at [Coulter Credit LLC](https://coultercredit.com/credit-repair-services/) and has been retained as an expert witness in numerous legal cases concerning credit and mortgage-related matters. His responsibilities as an expert include preparing detailed reports, participating in depositions and crafting rebuttal reports to counter opposing expert witness testimonies. Coulter holds a bachelor of science degree from West Chester University of Pennsylvania.
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Venus Zoleta
Senior Content Editor
Venus Zoleta is a Senior Content Editor at MoneyGeek, with over six years of experience covering personal finance topics. She has written in-depth articles on credit cards, loans, insurance and fintech for a leading financial platform in the Philippines. She also brings 20 years of experience in journalism, corporate communications and digital marketing. Zoleta holds a Bachelor of Arts degree in journalism from the University of the Philippines.
![](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_100,b_white/v1720730837/Zachary_Romeo_dfdkbi_8729f43a80.png)
Zachary Romeo
Head of Loans and Banking at MoneyGeek
Zachary Romeo is the Head of Loans and Banking at MoneyGeek, with over 10 years of experience and forthcoming certification as a Commercial Banking and Credit Analyst (CBCA). Previously, he led production teams for some of the largest online informational resources in higher education. Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt through people-first content.
![](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_100,b_white/v1720022706/Head_Shot_Ramsey_Coulter_6522011f28.jpg)
Ramsey Coulter
Credit & Mortgage Expert
Ramsey Coulter has worked in the mortgage and credit industry for over 10 years. Currently a mortgage loan originator with CMG Home Loans, he specializes in helping first-time homebuyers navigate the mortgage process. Coulter is also a certified credit counselor at [Coulter Credit LLC](https://coultercredit.com/credit-repair-services/) and has been retained as an expert witness in numerous legal cases concerning credit and mortgage-related matters. His responsibilities as an expert include preparing detailed reports, participating in depositions and crafting rebuttal reports to counter opposing expert witness testimonies. Coulter holds a bachelor of science degree from West Chester University of Pennsylvania.
![](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_100,b_white/v1720069679/I_Dphoto_Zoleta_Venus_Venus_Zoleta_min_fd74f6f9fd.jpg)
Venus Zoleta
Senior Content Editor
Venus Zoleta is a Senior Content Editor at MoneyGeek, with over six years of experience covering personal finance topics. She has written in-depth articles on credit cards, loans, insurance and fintech for a leading financial platform in the Philippines. She also brings 20 years of experience in journalism, corporate communications and digital marketing. Zoleta holds a Bachelor of Arts degree in journalism from the University of the Philippines.
Updated: July 17, 2024
Advertising & Editorial Disclosure
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).
This data was last updated on July 2, 2024.
Current Mortgage Rates in Nevada
As of July 2024, the average APR for a 30-year fixed mortgage in Nevada is 6.75%, a slight uptick from the previous month's 6.66%. For a $250,000 loan with a 20% down payment, the rate increase could add $4,294 over the life of the loan, excluding additional costs like property taxes and 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)](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_780/v1721109910/Interest_Rates_by_States_Jan_May_Nevada_d349b0762b.png)
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:
First-time homebuyers
Knowing current mortgage rates helps Nevada's first-time homebuyers gauge the market and assess the competitiveness of offered rates.
Homeowners with mortgages
Nevada homeowners can use current rates to determine whether a mortgage refinance offers financial benefits compared to their existing rates.
The current purchase rate in Nevada for a 30-year fixed mortgage is 6.75%, while refinancing carries an average APR of 8.19%. Consider these differences as you plan your homebuying or refinancing strategy.
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 non-payment and fluctuating rates.
Different mortgage loan 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.
- 10-Year Fixed
- 15-Year Fixed
- 15-Year Fixed Rate FHA
- 15-Year Fixed Rate Jumbo
- 15-Year Fixed Rate VA
- 20-Year Fixed
- 30-Year Fixed
- 30-Year Fixed Rate FHA
- 30-Year Fixed Rate Jumbo
- 30-Year Fixed Rate VA
- 5-Year ARM
- 5-year ARM Jumbo
- 7-Year ARM
- 7-year ARM Jumbo
5.74% | APR5.93% |
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 6.69%.
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 6.75%.
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 7.25% APR for a 30-year fixed-rate mortgage. For scores below 680, the APR rises slightly to 7.65%. Use the table below to explore rates based on your credit score and down payment:
- 680 - 740
- 740 or higher
- Less than 680
- 20% or higher
- 5% to 20%
- Less than 5%
10-year Fixed | APR5.93% |
15-year Fixed | APR6.29% |
20-year Fixed | APR6.91% |
30-year Fixed | APR6.77% |
5-year ARM | APR7.66% |
7-year ARM | APR7.64% |
Mortgage Types in Nevada
In July 2024, 30-year fixed-rate VA loans offer Nevada's lowest average APR for 30-year fixed-rate mortgages at 6.28%. 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 guaranteed by the federal government. | Credit history and down payment size can influence rates for a conventional loan. | 6.75% |
FHA Loans | An FHA loan is insured by the Federal Housing Administration, allowing lower minimum down payments. | FHA loans typically have lower qualifying credit scores, affecting interest rates. | 7.04% |
VA Loans | A VA loan is backed by the Department of Veterans Affairs and designed for U.S. military members. | VA loans offer competitive rates due to government backing and no down payment. | 6.28% |
USDA Loans | USDA loans support homebuyers in rural and suburban areas with 100% financing options. | Depending on income and location, USDA loans offer lower rates due to government backing. | currently unavailable |
Jumbo Loans | A jumbo loan exceeds the conforming loan limits set by the FHFA and is used for high-value properties. | Jumbo loan rates can be higher due to larger borrowings and increased lender risk. | 6.95% |
Mortgage rates in Nevada are either fixed or adjustable.
- Fixed mortgages lock in your interest rate, ensuring consistent monthly payments for stable budgeting.
- Adjustable mortgages may start with lower rates that adjust over time, lowering your payments when interest rates drop.
As of July 2024, Nevada has a 6.75% APR for a 30-year fixed mortgage and a 7.64% APR for a 7-year adjustable mortgage.
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 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% below a 580 credit score or 25% for non-resident 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
- 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
- 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
Mortgage Programs in Nevada
Homeownership involves more than mortgage payments — hidden costs can affect your budget. The Nevada Housing Division offers various mortgage programs to assist homebuyers.
Program | Description |
---|---|
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, which are forgivable after seven years. Buyers must have a 640 credit score and meet county-specific income and price limits. | |
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 with incomes under $140,000, purchasing homes under $766,550, and with a minimum credit score of 640. | |
Offers K-12 public school teachers in Nevada $7,500 for down payment and closing costs, which are forgivable after five years, and a competitive 30-year fixed-rate mortgage. No first-time buyer status is required, and 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.
Current average APRs in Nevada vary by loan type and other factors. In July 2024, a 30-year fixed conforming loan has an average APR of 6.75%, while 7-year ARM conforming and jumbo loans are 7.64% and 7.45%, respectively.
As of July 2024, Nevada's average APR for a 5-year ARM is 7.63%, slightly lower than the national average of 7.69%. Nevada's rate for a 30-year fixed-rate mortgage is 6.75%, also lower than the national average of 6.9%.
Your credit score can heavily impact your mortgage rates. A higher credit score typically qualifies you for lower mortgage rates, while a lower score may result in higher rates.
Nevada offers special mortgage programs, such as Home is Possible for First-Time Homebuyers, Home is Possible, and Home is Possible for Teachers.
To secure the best rate, consider making a larger down payment, improving your credit score and comparing offers from multiple lenders.
As of July 2024, the average refinance rates in Nevada are 6.49% for a 15-year fixed and 8.19% for a 30-year fixed loans.
Use a mortgage calculator for Nevada to estimate your monthly payments, factoring in the principal, interest, taxes, insurance and any HOA fees.
About Zachary Romeo
![Zachary Romeo headshot](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_160/v1720730837/Zachary_Romeo_dfdkbi_8729f43a80.png)
Zachary Romeo is the Head of Loans and Banking at MoneyGeek, with over 10 years of experience and forthcoming certification as a Commercial Banking and Credit Analyst (CBCA). Previously, he led production teams for some of the largest online informational resources in higher education.
Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt through people-first content.
sources
- Nevada Housing Division. "Home is Possible." Accessed July 15, 2024.
- Nevada Housing Division. "Home is Possible for First-Time Homebuyers." Accessed July 15, 2024.
- Nevada Housing Division. "Home is Possible for Teachers." Accessed July 15, 2024.