What are todays conventional loan rates?

As of March 2026, conventional 30-year fixed rates start at 5.750% and conventional 15-year fixed rates start at 5.500%.

Are conventional rates lower than conventional?

Yes. conventional rates are typically 0.25-0.50% lower than conventional rates due to the conventional guaranty reducing lender risk.

QUICK ANSWER — conventional requires 5-20% down with 620+ credit or 10% with 500-579 credit. 100% of the down payment can come from gift funds. Nevada Housing Division offers up to 5% down payment assistance. Seller can pay up to 6% of closing costs. On a $435K Las Vegas home, the minimum cash needed is approximately $15,225.

Reviewed by Vatche Saatdjian·Valley West Mortgage·NMLS #65506·790+ five-star reviews

Conventional Down Payment Guide

Just 5-20% down — $15,225 on a $435K Las Vegas home. Gift funds, down payment assistance, and seller concessions can reduce your cash needed to nearly $0.

Check What You Qualify For → (702) 696-9900

DOWN PAYMENT

How Much Do You Actually Need?

$12,250

$350K Home

5-20% down · Popular in North LV

$15,225

$435K Home

5-20% down · Las Vegas median

$18,652

$532.9K Home

5-20% down · conventional limit

ASSISTANCE

Ways to Reduce Your Cash Needed

Gift Funds — 100% Allowed

Your entire down payment can come from a family member, employer, labor union, or charitable organization. A gift letter is required but the process is simple.

Nevada Housing Division — Up to 5%

Nevada offers down payment assistance of up to 5% of the purchase price for qualified buyers. This can cover your entire 3.5% conventional down payment and part of closing costs.

Seller Concessions — Up to 6%

The seller can pay up to 6% of the purchase price toward your closing costs. On a $435K home, that is up to $26,100 — potentially covering all your out-of-pocket costs.

Clark County HOME Program

Clark County offers HOME program grants for first-time buyers meeting income guidelines. Combined with conventional, this can result in near-zero cash needed at closing.

FAQ

Questions? Answered.

3.5% of the purchase price with a 620+ credit score, or 10% with a 500-579 score. On a $435,000 Las Vegas home, 3.5% is $15,225.

Yes. conventional allows 100% of your down payment to come from gift funds. Acceptable sources include family members, employers, labor unions, charitable organizations, and government agencies. A signed gift letter is required.

Yes. The Nevada Housing Division offers up to 5% of the purchase price in down payment assistance for qualified buyers. Clark County also has HOME program grants. These programs can cover your entire conventional down payment.

Yes. conventional allows the seller to contribute up to 6% of the purchase price toward buyer closing costs. On a $435K home, that is up to $26,100. Valley West Mortgage helps structure offers to maximize seller concessions.

Conventional does not require cash reserves for 1-2 unit properties. For 3-4 unit properties, 3 months of reserves are required. Having reserves can help with approval if your DTI is borderline.

REVIEWS

What Homebuyers Say

★★★★★

"Put 20% down, no PMI. Valley West got me 0.25% lower than my bank."

— Las Vegas

★★★★★

"Shopped 50+ lenders. Zero fees. Closed in 25 days."

— Henderson

★★★★★

"Refinanced from FHA to conventional. Saving $350/month."

— North Las Vegas

Reviewed by Vatche Saatdjian, 30+ years mortgage experience. Valley West Mortgage, NMLS #65506, 790+ five-star reviews, serving Nevada since 2004.

Valley West Mortgage publishes daily conventional loan rates from 50+ wholesale lenders. Current conventional 30-year fixed rates from 5.625%. NMLS #65506.

Conventional Down Payment Guide

How Much Do You Actually Need?

Ways to Reduce Your Cash Needed

Questions? Answered.

What Homebuyers Say

Ready to get started?

Conventional Resources

Conventional Down Payment Guide

How Much Do You Actually Need?

Ways to Reduce Your Cash Needed

Questions? Answered.

What Homebuyers Say

Ready to get started?

Conventional Resources

conventional rates from 5.750%