One of the most commonly asked questions from buyers looking to enter the Las Vegas real estate market is: How much do I need to put down to buy a home? The good news is—there’s no one-size-fits-all answer, and that’s a good thing. Your required down payment depends on the type of loan you choose, your credit profile, and the price of the home you’re targeting. For many buyers, especially first-timers, options start as low as 3% down with conventional financing, or even 0% down for eligible VA buyers.
Based on January 2025 data, the median sales price for single-family homes in Las Vegas is around $475,000, and condos/townhomes hover around $290,000. That means a conventional loan at 5% down would require about $23,750 for a single-family home or roughly $14,500 for a condo/townhome. FHA loans, which are very popular with first-time buyers, typically require just 3.5% down—bringing the upfront cost even lower. Of course, if you're looking in higher-end areas like Summerlin, Inspirada, or Southern Highlands where average prices are higher, your down payment will scale accordinglyequitytitle-snapshot-20….
That said, many buyers are surprised to learn they don’t need 20% down to purchase. While putting 20% down can help you avoid mortgage insurance and lower your monthly payments, it’s not a requirement. In fact, many lenders offer competitive programs with low down payments, and some even have assistance grants that can help cover part of your costs. With Las Vegas home values holding steady and inventory hovering around 3.6 months, the market is giving buyers a bit more leverage compared to past yearsequitytitle-snapshot-20….
If you're thinking about buying a home in Las Vegas, whether it's your first home or your next move-up, let’s talk strategy. I’ll walk you through all the financing options, help you estimate your true costs, and connect you with a local lender to get pre-approved.
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Dale Abella | REALTOR
The Abella Team, eXp Realty Las Vegas
License No. S. 0190387
702-765-0736
