FHA loans for Las Vegas buyers who need a little more flexibility.
FHA financing can open the door for first-time buyers and anyone whose credit or savings aren't quite where they want them yet. I'll help you find out if it's the right fit.
FHA at a glance
- Lower down payment than many conventional loans
- More room for a credit history that isn't perfect
- Gift funds allowed within program guidelines
Secure application through NOVA Home Loans
A government-insured loan with room to breathe.
FHA loans are insured by the Federal Housing Administration. That insurance lets lenders offer lower down payment requirements and more flexible credit guidelines than many conventional loans.
I've been helping first-time buyers since 1997, and FHA is often where that conversation starts. A short credit history, a higher debt-to-income ratio, or a smaller down payment doesn't automatically rule you out.
FHA does carry mortgage insurance that often stays for the life of the loan, so it isn't always the lowest-cost option. Many buyers use FHA to get into a home now and look at refinancing later once they've built equity. We'll plan for that from the start.
Why FHA works for so many buyers.
Lower down payment
FHA's down payment requirement is lower than what many conventional loans call for.
Credit flexibility
The guidelines leave more room for a credit history that isn't perfect.
Gift funds allowed
Help from family toward your down payment is allowed within program guidelines.
Higher debt ratios
FHA can allow more monthly debt relative to income than some conventional loans.
How we get it done.
I'll tell you what's needed and keep you updated along the way.
Talk it through
A short call about your goals, your timeline, and your numbers. No application needed for that first conversation.
Get pre-approved
I review your income, credit, and assets so you know your real price range before you start shopping.
Lock and underwrite
Once you're under contract, we lock your rate and I keep your file moving through underwriting.
Close
You sign, get your keys, and still have me to call if questions come up after closing.
Rooted in Las Vegas, licensed in nine states.
I help homebuyers and homeowners throughout the Las Vegas valley, from Summerlin and Centennial Hills to Henderson, Green Valley, North Las Vegas, Enterprise, and Spring Valley, and out to Pahrump. My office is at 5516 S. Fort Apache Rd., Suite 120, in southwest Las Vegas.
Where Mark can help
Mark works out of NOVA Home Loans' southwest Las Vegas office and is licensed to originate loans in Nevada, Arizona, California, Colorado, North Carolina, Oregon, Pennsylvania, Texas, and Washington. Program availability varies by state. Verify licensing at NMLS Consumer Access (NMLS #351484).
FHA loan questions.
Straight answers to what borrowers ask most. Don't see yours? Just ask.
What credit score do I need?
Does FHA mortgage insurance ever go away?
Can I use FHA for a rental property?
Another lender already turned me down. Is that it?
What areas do you serve?
Mark Sangster, Senior Loan Officer, NMLS #351484. NOVA Financial & Investment Corporation, DBA NOVA Home Loans, NMLS #3087. 5516 S. Fort Apache Rd., Suite 120, Las Vegas, NV 89148. Office (702) 463-6682. Verify licensing at www.nmlsconsumeraccess.org. This is not a commitment to lend. All loans are subject to credit approval, income and asset verification, property appraisal, and program guidelines. Programs, rates, terms, and availability are subject to change without notice. Equal Housing Opportunity.
Let's see what you qualify for.
No application needed to start the conversation. Tell me about your situation and I'll give you a straight answer.