Nevada mortgages and home buyers, 2025
Incomes, down payments, rates, loan costs, denials and lenders across Nevada's 17 counties, from official HMDA records.
HMDA 2025 data released June 23, 2026
In 2025, lenders reported 30,435 home-purchase mortgages for owner-occupied, single-family homes in Nevada. The median buyer borrowed $405,000 on a home valued at $475,000 and reported a household income of $119,000.
Buyers financed a median 91.5% of the home's value (roughly 8.5% down), paid a median 6.50% on 30-year fixed conventional loans and faced median conventional loan costs of $6,150.
Lenders denied 8.7% of completed home-purchase applications.
Key facts
- The median 30-year fixed conventional rate here was 13 basis points below the U.S. median (6.625%).
- Median conventional loan costs ($6,150) were 10% higher than the U.S. median ($5,570).
- The most common age bracket among borrowers was 25–34 (28.2% of purchase loans).
- 51.0% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (44.5% of denials with a stated reason).
The 2026 conforming limit is $832,750 for a one-unit home in every Nevada county. See every Nevada county's 2026 FHA and conforming loan limits.
Nevada counties compared
Click a column to sort. Medians shown with at least 30 loans.
| County | Purchase loans | Median loan | Buyer income | Down payment | 30-yr rate | Loan costs | Denial rate | FHA limit |
|---|---|---|---|---|---|---|---|---|
| Churchill County | 220 | $365,000 | $113,000 | 5.0% | 6.625% | $6,270 | 10.0% | $541,287 |
| Clark County | 22,505 | $405,000 | $116,000 | 5.9% | 6.500% | $6,030 | 9.4% | $541,287 |
| Douglas County | 532 | $505,000 | $154,000 | 20.0% | 6.625% | $6,600 | 5.5% | $736,000 |
| Elko County | 468 | $355,000 | $120,000 | 5.0% | 6.625% | $6,740 | 5.6% | $541,287 |
| Esmeralda County | 1 | — | — | — | — | — | — | $541,287 |
| Eureka County | 3 | — | — | — | — | — | — | $541,287 |
| Humboldt County | 124 | $355,000 | $117,000 | 5.1% | 6.500% | $5,790 | 3.0% | $541,287 |
| Lander County | 16 | — | — | — | — | — | — | $541,287 |
| Lincoln County | 20 | — | — | — | — | — | — | $541,287 |
| Lyon County | 825 | $385,000 | $109,000 | 4.1% | 6.375% | $5,780 | 6.1% | $638,250 |
| Mineral County | 30 | $185,000 | $70,000 | — | — | — | 5.7% | $541,287 |
| Nye County | 446 | $345,000 | $108,000 | 5.0% | 6.625% | $4,820 | 10.9% | $541,287 |
| Pershing County | 8 | — | — | — | — | — | — | $541,287 |
| Storey County | 37 | $485,000 | $143,000 | 10.0% | — | — | 2.6% | $638,250 |
| Washoe County | 4,637 | $455,000 | $136,000 | 15.0% | 6.500% | $6,640 | 6.1% | $638,250 |
| White Pine County | 77 | $225,000 | $79,000 | 3.5% | — | — | 8.3% | $541,287 |
| Carson City | 468 | $435,000 | $127,000 | 14.1% | 6.500% | $6,300 | 5.7% | $575,000 |
Who bought homes in Nevada
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in Nevada
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | Nevada | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.500% | 6.625% |
| 30-year fixed rate · FHA | 6.125% | 6.250% |
| 30-year fixed rate · VA | 5.999% | 6.125% |
| 15-year fixed rate · conventional | 5.875% | 5.875% |
| Rate spread vs. APOR · conventional | +0.10 pts | +0.13 pts |
| Total loan costs · conventional | $6,150 | $5,570 |
| Total loan costs · FHA | $13,390 | $11,310 |
| Total loan costs · VA | $7,080 | $6,490 |
| Origination charges (all loan types) | $2,320 | $1,860 |
| Borrowers paying discount points | 65.4% | 51.3% |
| Points paid, when paid (% of loan) | 1.10% | 0.87% |
| Borrowers receiving lender credits | 29.4% | 33.1% |
| Adjustable-rate mortgages | 4.7% | 7.4% |
| Jumbo loans (above conforming limit) | 4.1% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
Nevada: 3,007 of 34,661 completed home-purchase applications were denied (8.7%).
Denial rate
| Application | Nevada | U.S. |
|---|---|---|
| Home purchase | 8.7% | 8.5% |
| Conventional | 8.3% | 7.1% |
| FHA | 10.2% | 12.5% |
| VA | 7.4% | 8.0% |
| USDA | 16.0% | 12.5% |
| Refinance | 17.8% | 17.9% |
| Cash-out refinance | 32.8% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in Nevada
Top mortgage lenders in Nevada
| # | Lender | Loans | Share | Denial rate | 30-yr rate* | Spread* | Costs* |
|---|---|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage (UWM) | 4,440 | 10.6% | 9.7% | 6.625% | +0.25 | $8,110 |
| 2 | Rocket Mortgage, LLC | 2,753 | 6.6% | 11.5% | 6.625% | +0.15 | $6,260 |
| 3 | Guild Mortgage Company | 2,734 | 6.5% | 2.0% | 6.625% | +0.27 | $8,140 |
| 4 | DHI Mortgage Company, Ltd. | 1,831 | 4.4% | 7.8% | 5.500% | −1.02 | $3,020 |
| 5 | Lennar Mortgage, LLC | 1,552 | 3.7% | 8.2% | 4.990% | −1.63 | $4,750 |
| 6 | Pennymac Loan Services, LLC | 1,075 | 2.6% | 15.6% | 6.625% | +0.23 | $6,160 |
| 7 | Freedom Mortgage Corporation | 1,061 | 2.5% | 14.2% | — | — | — |
| 8 | CrossCountry Mortgage, Inc. | 1,039 | 2.5% | 3.0% | 6.950% | +0.50 | $8,380 |
| 9 | Veterans United Home Loans | 835 | 2.0% | 8.9% | — | — | — |
| 10 | loanDepot.com, LLC | 828 | 2.0% | 13.5% | 6.750% | +0.40 | $6,090 |
| 11 | KBHS Home Loans, LLC | 797 | 1.9% | 10.2% | 5.990% | −0.36 | $6,460 |
| 12 | New American Funding | 748 | 1.8% | 4.6% | 6.750% | +0.34 | $7,490 |
| 13 | Rate | 724 | 1.7% | 7.3% | 6.875% | +0.40 | $6,920 |
| 14 | Pulte Mortgage LLC | 667 | 1.6% | 21.6% | 5.750% | −0.61 | $0 |
| 15 | CMG Mortgage, Inc. | 632 | 1.5% | 4.2% | 6.625% | +0.22 | $8,700 |
| 16 | JPMorgan Chase Bank, N.A. | 614 | 1.5% | 12.7% | 6.500% | +0.02 | $4,160 |
| 17 | U.S. Bank, N.A. | 570 | 1.4% | 11.6% | 6.490% | −0.08 | $5,880 |
| 18 | The Loan Store, Inc. | 466 | 1.1% | 5.7% | 6.625% | +0.20 | $6,120 |
| 19 | Navy Federal Credit Union | 431 | 1.0% | 11.6% | 6.500% | −0.18 | $4,060 |
| 20 | Movement Mortgage, LLC | 400 | 0.9% | 4.8% | 6.875% | +0.35 | $6,830 |
| 21 | Newrez LLC | 378 | 0.9% | 14.5% | 6.875% | +0.44 | $8,210 |
| 22 | Evergreen Moneysource Mortgage Company | 367 | 0.9% | 0.6% | 6.750% | +0.36 | $7,970 |
| 23 | Homeamerican Mortgage Corporation | 349 | 0.8% | 8.8% | 4.875% | −1.58 | $790 |
| 24 | Inspire Home Loans Inc. | 346 | 0.8% | 9.8% | 5.625% | −0.76 | $4,560 |
| 25 | Fairway Independent Mortgage Corporation | 345 | 0.8% | 4.2% | 6.875% | +0.43 | $7,360 |
Largest lenders in Nevada by 2025 originations. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).
Metro areas in Nevada
- Las Vegas-Henderson-North Las Vegas, NV · 22,505 purchases
- Reno, NV · 5,499 purchases
- Carson City, NV · 468 purchases
Source: FFIEC/CFPB HMDA 2025 public LAR; FHFA and HUD 2026 loan limits. Methodology