Compare home loans in Las Vegas

FHA insures mortgages made by approved lenders; it does not make the loan or guarantee borrower approval. Borrowers pay mortgage insurance, so compare the upfront and ongoing costs as well as the other loan terms.

A conventional mortgage is not insured or guaranteed by a government loan program. Conventional loans can be conforming or non-conforming; the requirements differ. Mortgage insurance may apply. Compare the loan terms and the credit, income, asset and property requirements.

VA guarantees part of qualifying loans for eligible Veterans, service members and certain surviving spouses. A Certificate of Eligibility establishes eligibility for the benefit; the lender still reviews credit, income, the property and other requirements. It is not final loan approval.

The USDA Single Family Housing Guaranteed Loan Program supports approved-lender loans for eligible primary residences in eligible areas. Household income, the property address and repayment ability must be checked. The guarantee protects the lender; fees and closing costs still need to be considered.

An FHA-insured Home Equity Conversion Mortgage (HECM) may help eligible older borrowers purchase a principal residence with a cash contribution and required counseling. Borrowers must occupy and maintain the home and pay property taxes and insurance. Not making monthly principal-and-interest payments does not remove those obligations; failing to meet the loan terms can make the loan due.

Non-QM describes loans that do not meet Qualified Mortgage criteria. Pricing, documentation and underwriting requirements can differ. For consumer mortgages covered by the federal ability-to-repay rule, lenders must still make a reasonable, good-faith repayment assessment. Availability depends on the loan and borrower.