What are Loan Limits?  Loan limits are the maximum amount a lender will loan you for a certain type of loan.  These are set by the agency that you will be getting your loan quidelines through such as Fannie, Mae or Freddie Mac for a conventional loan, Federal Housing Authority (FHA) or the Veteran’s Administration for a VA.

A conventional loan limit for the Las Vegas and surrounding areas is $453,100 as of January 1, 2018.  This is the loan limit for most of the United States except in Alaska, Guam, Hawaii and the U.S. Virgin Islands.

The FHA loan limit in Clark County, NV  which includes, Las Vegas, North Las, Vegas, Henderson, Boulder City, Mesquite and Laughlin is $295,515.  With the funding fee of FHA 1.75% of the loan amount), it can go above this amount.  This limit does vary depending on what county the home is in.

a VA loan’s funding fee is the same as a conventional loan.  $453,100.

These loan limits are just for a single family home.  Please contact me Bruce Singer with Vision Home Mortgage at 702-217-5525, if you would like more information or fill out the form on this page.