Las Vegas FHA Limit Increase

Despite the challenges faced in 2020, the Las Vegas Real Estate Market did a complete 360 of the assumptive forecast from top brokerages and market researchers. Correct me if I'm wrong, but I believe we all were prepared for another disinclined hike to lower housing prices and a lot more foreclosed properties. Instead, families were able to list their homes and receive multiple offers within days and investors raised the rent. As of December 2020, the median list price of Single-Family homes in Las Vegas was $315k. With home prices rising, the Federal Housing Administration (FHA) raised the roof to increased loan limits. The current FHA loan limit is now $356,362, to view the new loan limits in your State, visit www.HUD.gov.