Conventional Loan Limits & Jumbo Loans in Nevada

The 2025 conventional loan limit for Clark County (Las Vegas, Henderson, North Las Vegas) is $806,500 for a single-family home. This is a high-cost area adjustment above the national baseline of $766,550. For multi-unit properties, limits are higher: $1,032,975 (2-unit), $1,248,275 (3-unit), and $1,551,275 (4-unit).

If your loan amount exceeds your county's conforming limit, you'll need a jumbo loan. For example, buying a $1 million home in Las Vegas requires jumbo financing since it exceeds the $806,500 limit. Jumbo loans have stricter requirements but remain a great option for financing luxury properties with competitive rates.

Jumbo loan rates are typically 0.25% to 0.50% higher than conforming conventional loan rates. However, well-qualified borrowers with excellent credit (740+), large down payments, and strong financials can often secure rates very close to conforming rates. The rate difference has narrowed significantly in recent years.

Yes, many lenders offer jumbo loans with 10% down for loan amounts under $1.5 million, provided you have excellent credit (740+), low debt-to-income ratio, and significant cash reserves. For larger loan amounts ($2M+), most lenders require 15-20% down. PMI will apply if your down payment is under 20%.

Most Nevada lenders require a minimum credit score of 700 for jumbo loans. However, to qualify for the best rates and terms, aim for a credit score of 740 or higher. Borrowers with scores between 700-739 can still get approved but may face slightly higher rates or need larger down payments.

Lenders typically require 6-12 months of mortgage payment reserves in liquid assets after closing. For larger loan amounts ($2M+), expect requirements of 12-24 months. Reserves can include cash, savings, checking accounts, stocks, bonds, and a portion of retirement accounts. These funds demonstrate your ability to handle the mortgage even if income is temporarily disrupted.

Yes! Self-employed borrowers can absolutely qualify for jumbo loans in Nevada. You'll need to provide 2 years of personal and business tax returns, year-to-date profit & loss statements, and business bank statements. Lenders will average your income over 2 years to determine qualifying income. Having strong credit and significant reserves helps offset the additional documentation requirements.

Most Nevada lenders offer jumbo loans up to $3-5 million as standard products. For ultra-high-net-worth borrowers, some specialty lenders can finance properties up to $10 million or more. Loans above $5M typically require significant down payments (20-30%), exceptional credit (780+), and extensive asset documentation.