Updated: December 13, 2024
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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).
This data was last updated in December 2024.
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.
Even small changes in mortgage rates can significantly impact your finances. Understanding Nevada's current mortgage rates can help you create a realistic budget.
Both first-time homebuyers and seasoned investors benefit from understanding today's mortgage interest rates in Nevada:
Knowing current mortgage rates helps Nevada's first-time homebuyers gauge the market and assess the competitiveness of offered rates.
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%.
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.
| 5.66% | 5.87% |
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%.
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.
| 10-year Fixed | 5.98% |
| 15-year Fixed | 6.16% |
| 20-year Fixed | 7.28% |
| 30-year Fixed | 7.09% |
| 5-year ARM | 7.86% |
| 7-year ARM | 8.30% |
In December 2024, VA loans offer Nevada's lowest average APR at 6.26% for 30-year fixed-rate mortgages. Knowing your mortgage options when buying a home in Nevada can lead to better financial decisions.
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% |
Mortgage rates are either fixed or adjustable.
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.
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 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
Cons
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
Cons
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
Cons
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. |
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 for December 2024 vary depending on loan types and other factors. For example, the APR for a 30-year fixed conforming loan is currently averaging 6.44%, while a 30-year fixed-rate FHA sits at 7.92%.
As of December 2024, Nevada's mortgage rates, such as the average rate of 7.20% for a five-year adjustable-rate mortgage and 6.44% for a 30-year fixed-rate mortgage, are lower than the national averages, which are presently 7.79% and 6.83%, respectively.
Your credit score significantly influences the mortgage rates available to you. A higher score typically leads to lower mortgage rates, as it indicates a lower risk to lenders.
Yes, there are mortgage programs in Nevada designed to aid homebuyers, such as the Home is Possible for First-Time Homebuyers, Home is Possible and Home is Possible for Teachers.
To get the best mortgage rate in Nevada, consider improving your credit score, comparing loan offers from multiple lenders and making a larger down payment.
For December 2024, today's refinance rates in Nevada average 5.97% for a 15-year fixed rate and 6.64% for a 30-year fixed rate.
You can use a mortgage calculator for Nevada to calculate your mortgage payments. It can help you estimate your monthly payments based on interest rates, loan amount and other factors.
About Zachary Romeo, CBCA
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.
