2019 FHA Loan Limits in Nevada

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Updated on Friday, April 5, 2019

Intro

Are you in the market for a home in Nevada and considering a loan from the Federal Housing Administration (FHA)? If so, it’s important to educate yourself on the 2019 FHA loan limits, as the agency sets and adjusts them each year to reflect the changes in U.S. home prices.

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For 2019, the FHA loan limits for a single-family home in the Silver State range from $314,827 to $423,200. A 2016 FHA report discovered that 37.7% of the total FHA mortgages in the country came from Nevada, the second-highest proportion of these loans by state in the United States that year. The data, which is the most recent available, showed that 13,593 of the 36,023 homes financed in 2015 were purchased through FHA loans.

When it comes to home prices in Nevada, the National Association of Realtors (NAR) said prices have significantly increased over the past year. The median sales price for an existing single-family home in Reno for the third quarter of 2018 was $385,800, for example. And in the Las Vegas and the nearby Henderson areas, the median price is $294,600. These home prices have increased by 8.4% and 12.6%, respectively, when compared with the third quarter of 2017.

Here, we take a closer look at Nevada FHA loan limits by county, and explain how the FHA loan limits are determined.

Nevada FHA Loan Limits by County

County NameOne-FamilyTwo-FamilyThree-FamilyFour-FamilyMedian Sale Price
CARSON CITY$318,550 $407,800 $492,950 $612,600 $277,000
CHURCHILL$314,827 $403,125 $487,250 $605,525 $189,000
CLARK$322,000 $412,200 $498,250 $619,250 $280,000
DOUGLAS$423,200 $541,750 $654,850 $813,850 $368,000
ELKO$314,827 $403,125 $487,250 $605,525 $198,000
ESMERALDA$314,827 $403,125 $487,250 $605,525 $122,000
EUREKA$314,827 $403,125 $487,250 $605,525 $198,000
HUMBOLDT$314,827 $403,125 $487,250 $605,525 $159,000
LANDER$314,827 $403,125 $487,250 $605,525 $130,000
LINCOLN$314,827 $403,125 $487,250 $605,525 $82,000
LYON$314,827 $403,125 $487,250 $605,525 $235,000
MINERAL$314,827 $403,125 $487,250 $605,525 $71,000
NYE$314,827 $403,125 $487,250 $605,525 $150,000
PERSHING$314,827 $403,125 $487,250 $605,525 $96,000
STOREY$412,850 $528,500 $638,850 $793,950 $359,000
WASHOE$412,850 $528,500 $638,850 $793,950 $359,000
WHITE PINE$314,827 $403,125 $487,250 $605,525 $70,000

How are FHA loan limits set?

The FHA loan limits are based on the conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase — and are set by the U.S. Department of Housing and Urban Development (HUD). In 2019, the national limit is $484,350.

For 2019, the largest mortgage the agency will insure, or the FHA “floor,” in most of the country is set at $314,827, or 65% of the conforming loan limit. The FHA “ceiling,” which applies to high-cost areas, is set at 150% of the conforming loan limit, or $726,525. Outside of a few exceptions, this is the highest mortgage the agency will insure for a single-family home.

Here are the 2019 standard FHA limits for all property types:

  • One-unit: $314,827
  • Two-unit: $403,125
  • Three-unit: $487,250
  • Four-unit: $605,525

Here are the 2019 standard FHA limits for high-cost areas:

  • One-unit: $726,525
  • Two-unit: $930,300
  • Three-unit: $1,124,475
  • Four-unit: $1,397,400

Do you qualify for an FHA loan in Nevada?

An FHA loan may turn your dream of Nevada homeownership into reality. If you’re looking for more information on FHA loan limits and would like to find out if you meet the FHA loan eligibility requirements, we encourage you to explore our complete guide to FHA loans. Good luck in your Nevada home search!