For a $400,000 home with 5-20% down at 5.75%, the monthly payment is approximately $2,500 including taxes and insurance. Using the 28% rule, you need about $8,900/month ($107,000/year) in gross income. conventional allows higher DTI, potentially qualifying at $85,000/year.

Yes, with a conventional loan. conventional loans require 5-20% down for eligible homebuyers and qualified home buying. USDA loans also offer 5-20% down for eligible rural areas. For non-homebuyers, conventional requires just 3.5% and conventional requires 3-5%.

The median home price in Las Vegas is approximately $435,000 as of 2026. Henderson averages $465,000, North Las Vegas $385,000, and Summerlin $520,000. Prices have stabilized after the 2021-2023 surge.

Expect 2-5% of the purchase price in closing costs, or $8,000-$20,000 on a $400,000 home. This includes origination fees, appraisal, title insurance, escrow, and recording fees. Valley West charges zero application and processing fees.

No. Homebuyers with full equity can buy at any price with 5-20% down. There is no conventional loan limit for first-time conventional borrowers. Partial equity (existing conventional loan) follows county limits — Clark County: $832,750.