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2021 FHA Loan Limits in Nevada

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In most areas of Nevada in 2021, the maximum FHA loan limit is $356,362 for a single-family home, but buyers in higher-priced counties of the state may be able to borrow up to $460,000. Folks looking for homes in Douglas County may qualify for $500,250 for a single-family home.

Whether you’re dreaming of living in Sin City or have your heart set on a home elsewhere in the Sagebrush State, embarking on your search this year may be a wise move. And thanks to the Federal Housing Administration (FHA), some Nevada residents can qualify for federally backed loans to help get them buy or refinance a home. This year, Nevada homebuyers will be able to borrow even more with an FHA loan.

Nevada FHA loan limits by county

FHA Loan Limits in Nevada
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Carson City $379,500 $485,800 $587,250 $729,800 $330,000
Churchill $356,362 $456,275 $551,500 $685,400 $245,000
Clark $362,250 $463,750 $560,550 $696,650 $315,000
Douglas $500,250 $640,400 $774,100 $962,050 $435,000
Elko $356,362 $456,275 $551,500 $685,400 $233,000
Esmeralda $356,362 $456,275 $551,500 $685,400 $99,000
Eureka $356,362 $456,275 $551,500 $685,400 $233,000
Humboldt $356,362 $456,275 $551,500 $685,400 $168,000
Lander $356,362 $456,275 $551,500 $685,400 $112,000
Lincoln $356,362 $456,275 $551,500 $685,400 $125,000
Lyon $356,362 $456,275 $551,500 $685,400 $263,000
Mineral $356,362 $456,275 $551,500 $685,400 $61,000
Nye $356,362 $456,275 $551,500 $685,400 $200,000
Pershing $356,362 $456,275 $551,500 $685,400 $75,000
Storey $460,000 $588,850 $711,800 $884,600 $400,000
Washoe $460,000 $588,850 $711,800 $884,600 $400,000
White Pine $356,362 $456,275 $551,500 $685,400 $83,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets limits on how expensive a house the FHA will insure in each county in the United States. These limits are set based on the current year’s conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2021, that conforming limit is $548,250, up roughly $38,000 from 2020’s limit of $510,400.

The FHA “floor” is the largest mortgage the agency will issue in most of the country and is 65% of the conforming loan limit. In 2021, the FHA floor is set at $356,362, an increase of about $24,600 above the 2020 limit of $331,760.

The FHA “ceiling” is a higher limit that only applies to high-cost areas. This is set at 150% of the conforming loan limit, or $822,375 for single-family homes. With a few exceptions, this is generally the largest mortgage amount the agency will insure for a single-family home. In many parts of the country, loan limits fall somewhere between the FHA floor and ceiling.

Outside of the lower 48 states, FHA maximum loan limits are higher because of more expensive construction costs. These include the special exception areas of Alaska, Hawaii, Guam and the U.S. Virgin Islands.

Here are the 2021 standard FHA limits for all property types:

  • One-unit: $356,362
  • Two-unit: $456,275
  • Three-unit: $551,500
  • Four-unit: $685,400

Here are the 2021 standard FHA limits for high-cost areas:

  • One-unit: $822,375
  • Two-unit: $1,053,000
  • Three-unit: $1,272,750
  • Four-unit: $1,581,750

Do you qualify for an FHA loan in Nevada?

FHA loans are a great deal for qualified buyers, thanks to lower down payments and closing costs. Find out if your credit score and income will help you qualify for one of these loans.


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