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In 2008, FHA loan limits for Nevada were increased were increased under the Housing and Economic Recovery Act (HERA).

Regardless of the progress made in the housing economy (or lack thereof), FHA loan limits will return back to 2008 standards on October 1, 2011. For a complete list of loan limits for all Nevada Counties, please feel free to e-mail me or give us a call. This ruling can really have an impact on whether your loan closes or not. A high balance loan may not be eligible any longer for FHA financing, so make sure that you and your Loan Officer are on the same page.

So what does this mean to you if you are using FHA financing in Nevada?

Prior to October 1, 2011, one could purchase a home using Nevada FHA financing priced up to $403,750 in WashoeCounty. This purchase price is based on FHA’s 3.5% down payment requirement. As of today’s date, Tuesday October 4, 2011 home buyers in Washoe and Storey counties, the new max loan amount is $325,450 in order to meet the revised FHA loan limits of October 1st 2011.

There is a way around the revised FHA loan limits, but the option is costly. It simply requires the home buyer to apply more money to the down payment to stay under the max loan limits.

As always, I can typically answer any of your questions through a short phone call or e-mail. Please do not hesitate to contact me directly at (775) 824-3640 ext: 104 or via e-mail at

Below you will find the revised Nevada State FHA Loan Limits for some of the counties that we serve inNevada. If your county does not appear below, please contact me for updated numbers.

  • $325,450 – Washoe and Storey County
  • $350,750 – Douglas County
  • $287,500 – Clark County
  • $342,700 – Chelan and Douglas Counties
  • $286,350 – Carson City County
  • $271,050 – Churchill, Elko, Lyon, and Nye counties

It is important to note, there are other financing options such as the Nevada State VA Loan and the Nevada State USDA Home loan that you may want to consider.  Both require specific qualifying guidelines, but may not limit your ability to purchase a home.

If you are thinking about purchasing a home and want to learn more about your financing options, including the FHA Home Loan, feel free to contact me directly at (775) 824-3640 ext: 104.  Also, don’t let your credit history stop you from purchasing a home.  Many times, a few pointers combined with our fast and effective Credit Restoration Team can get you on the right track to becoming a home owner thru proper education.

We love to help our readers! Please feel free to connect with me to talk mortgages, or request a no-obligation rate quote, free credit report, or fee estimate as you research attaining a new mortgage.


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