Median Total Costs
$8,531
+27.7% vs national ($6,680)
↓ $266 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
Median Origination
$2,390
Purchase Originations
31,084
Denial Rate
7.3%
vs national avg (9.0%)
Nevada is a non-judicial foreclosure state that primarily uses deeds of trust rather than mortgages, allowing lenders to foreclose through a trustee sale process without court involvement. The statutory foreclosure timeline requires a notice of default period before sale. Nevada is not an attorney closing state; title companies and escrow officers typically handle closings without a licensed attorney present. The state imposes a Real Property Transfer Tax, structured in tiers based on sale price, paid by the seller by custom though negotiable by contract. Title insurance rates in Nevada operate under a prior-approval system, meaning insurers must file rates with the Division of Insurance and receive approval before use. Nevada's Revised Statutes restrict certain prepayment penalties on owner-occupied residential loans. The Nevada Financial Institutions Division oversees state-chartered lenders and mortgage companies, while the Division of Mortgage Lending licenses and regulates mortgage brokers and servicers operating in the state.
Conventional loans dominate Nevada's purchase market, representing 59.1% of 2024 originations (19,533 loans) at a median rate of 6.625%. FHA loans account for a notable 27.0% share (8,935 loans), reflecting Nevada's relatively high home prices and the state's significant first-time and lower-down-payment buyer population, particularly in the Las Vegas metro. VA loans make up 13.8% of volume (4,567 loans), supported by proximity to Nellis Air Force Base and a sizable veteran population in the region. USDA loans are nearly absent at 0.1% (34 loans), consistent with Nevada's largely urban and suburban geography.
Guild Mortgage Company LLC
Guild has a significant retail branch presence across Nevada and the broader Mountain West region, making it a commonly encountered lender in both urban and suburban Nevada markets. HMDA 2024 data shows 2,839 purchase originations in the state.
DHI Mortgage Company, Ltd.
DHI Mortgage is the captive lending arm of D.R. Horton, one of Nevada's largest new-construction homebuilders, making it especially relevant for buyers purchasing in new-home communities. HMDA 2024 data records a median total closing cost of $6,880 among its 1,849 Nevada originations.
Lennar Mortgage, LLC
Lennar Mortgage operates as the in-house lender for Lennar, another major builder with active communities in the Las Vegas metro area. Its 1,638 Nevada originations in the 2024 HMDA data carry a median total closing cost of $5,097, reflecting builder-tied incentive structures.
| Loan type | Volume | Median Rate | Median Total Costs |
|---|---|---|---|
| conventional | 17,900 | 6.500% | $6,171 |
| fha | 8,441 | 6.125% | $13,371 |
| va | 4,702 | 5.999% | $7,086 |
| usda | 41 | 6.250% | $8,858 |
Ranked by median total loan costs among lenders with 50+ purchase originations in Nevada.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $176 | 5.500% | $0 | 667 | −$8,355 | |
| 2 | $545 | 6.500% | $0 | 57 | −$7,986 | |
| 3 | $3,415 | 6.000% | $800 | 125 | −$5,116 | |
| 4 | $3,791 | 5.750% | $950 | 149 | −$4,740 | |
| 5 | $4,053 | 6.000% | $0 | 344 | −$4,478 | |
| 6 | $4,191 | 6.490% | $1,196 | 389 | −$4,340 | |
| 7 | $4,309 | 6.125% | $250 | 53 | −$4,222 | |
| 8 | $4,644 | 6.250% | $0 | 682 | −$3,887 | |
| 9 | $4,645 | 6.250% | $1,490 | 127 | −$3,886 | |
| 10 | $4,656 | 6.375% | $1,590 | 278 | −$3,875 | |
| 11 | $4,799 | 5.900% | $815 | 61 | −$3,732 | |
| 12 | $4,906 | 6.625% | $1,789 | 52 | −$3,625 | |
| 13 | $4,949 | 6.500% | $250 | 155 | −$3,582 | |
| 14 | $4,962 | 5.875% | $1,680 | 253 | −$3,569 | |
| 15 | $5,066 | 5.375% | $101 | 205 | −$3,465 | |
| 16 | $5,124 | 4.750% | $1,600 | 1,552 | −$3,407 | |
| 17 | $5,127 | 4.500% | $0 | 349 | −$3,404 | |
| 18 | $5,150 | 4.875% | $1,500 | 345 | −$3,381 | |
| 19 | $5,266 | 6.625% | $2,658 | 71 | −$3,265 | |
| 20 | $5,415 | 5.500% | $1,195 | 66 | −$3,116 | |
| 21 | $5,495 | 6.250% | $2,071 | 186 | −$3,036 | |
| 22 | $5,722 | 6.308% | $1,888 | 126 | −$2,809 | |
| 23 | $5,937 | 6.625% | $2,752 | 64 | −$2,594 | |
| 24 | $6,235 | 6.250% | $2,180 | 452 | −$2,296 | |
| 25 | $6,315 | 6.375% | $1,998 | 214 | −$2,216 |
Includes lenders with 50+ purchase originations in Nevada. Source: HMDA 2025. Sorted by median total loan costs.
Total closing costs in Nevada typically represent a meaningful share of the purchase price given the state's elevated median loan amount of $395,000. Lender origination fees, title insurance premiums, and escrow fees tend to be the largest line items. Transfer taxes, while not among the highest nationally, add to the cost stack and are conventionally seller-paid, though this is negotiable. FHA loans carry structurally higher costs due to upfront mortgage insurance, which inflates that segment's median considerably. Among the top lenders in the 2024 HMDA data, median total costs range from roughly $5,100 to over $11,400, underscoring how much variation exists between lenders on the same loan type. Title and escrow fees are the categories most worth comparing across providers, as they are not set by the loan program.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.