10 Best Nevada Mortgage Lenders of 2021

Guild Mortgage: NMLS#3274

3.5

Min. Credit Score

620

Min. Down Payment

Why we like it

Good for: first-time home buyers and others who may need the flexibility of a low-down-payment loan program.

Pros

Offers multiple online conveniences, including a full mortgage application, e-signatures and digital loan process tracking.
Offers a wide variety of loan products, including home improvement and manufactured home loans.

Cons

Does not offer home equity loan products.
Average interest rates and fees are higher than other lenders.

at New American Funding

New American Funding: NMLS#6606

4.5

Min. Credit Score

620

Min. Down Payment

at New American Funding

Why we like it

Good for: borrowers who need to be evaluated on the basis of nontraditional credit and those interested in various down payment assistance programs.

Pros

Uses manual underwriting to evaluate creditworthiness.
Offers full online mortgage application, rate quotes, document upload and loan tracking.

Cons

Mortgage rates offered to borrowers are higher than the government-reported median of all lenders.

Our pick for

cash-out refinance

Nevada home values have nearly doubled in recent years. These lenders can help you access your home’s newfound equity.

Bank of America: NMLS#399802

5.0

Min. Credit Score

620

National / Regional

National

Why we like it

Good for: borrowers who like options. Bank of America offers multiple refinance loans, including FHA, VA and cash-out.

Pros

Offers refinance mortgages with fixed and adjustable rates.
Allows borrowers to apply entirely online.
May give existing customers a discount on mortgage lender origination fees.

Cons

Does not offer renovation loans.

Our pick for

home equity borrowers

US Bank: NMLS#402761

5.0

National / Regional

National

Max LTV

80%

Min. Credit Score

620

Min. Credit Score

620

Why we like it

U.S. Bank gets high marks for its loan offerings and online customer conveniences — and has competitive fees and mortgage rates.

Pros

Offers a full line of conventional and government loan products.
Provides home equity loans and lines of credit.
Allows borrowers to apply and track their loan's progress online.

Cons

No personalized mortgage rates available online.
Published mortgage rates assume an above-average credit score.

Our picks for

borrowers with lower credit scores

These Nevada lenders are willing to work with borrowers who may have had a financial setback or two.

Carrington: NMLS#2600

3.0

Min. Credit Score

500

Min. Down Payment

3.5%

Why we like it

Good for: first-time home buyers or credit-challenged borrowers interested in government loan products.

Pros

Offers multiple low-down-payment loan programs.
May consider alternative credit data, like bank statements and rent payments.

Cons

To get sample rates, you'll have to speak with a loan officer.
Doesn't offer home equity loans or HELOC.

Guild Mortgage: NMLS#3274

3.5

Min. Credit Score

N/A

Min. Down Payment

3.5%

Why we like it

Good for: first-time home buyers and others who may need the flexibility of a low-down-payment loan program.

Pros

Offers multiple online conveniences, including a full mortgage application, e-signatures and digital loan process tracking.
Offers a wide variety of loan products, including home improvement and manufactured home loans.

Cons

Does not offer home equity loan products.
Average interest rates and fees are higher than other lenders.

Our picks for

online experience

These lenders focus on online capabilities, allowing you to apply anytime and anywhere.

at Rocket Mortgage by Quicken Loans

Rocket Mortgage by Quicken Loans: NMLS#3030

4.5

Min. Credit Score

620

Min. Down Payment

at Rocket Mortgage by Quicken Loans

Why we like it

Good for: borrowers who appreciate smartphone and online convenience for a fully digital home loan experience powered by Quicken Loans.

Pros

Caters to self-service users who want to apply for a home loan online and talk to a human only as necessary.
Estimates the loan amount you’ll qualify for within minutes.
Offers document and asset retrieval capabilities.

Cons

If you’re a “look me in the eye” type of customer, you’re out of luck.
Getting a customized interest rate requires a credit check, which can lower your credit score by a few points.

at Guaranteed Rate

Guaranteed Rate: NMLS#2611

5.0

Min. Credit Score

620

Min. Down Payment

at Guaranteed Rate

Why we like it

Good for: borrowers seeking conventional or government-backed loans, and a totally online experience.

Pros

Offers the ability to securely upload and digitally sign loan documents.
Displays detailed sample rates for many of its loan products.

Cons

Doesn't offer home equity loans or lines of credit.

Our picks for

refinancing

If you still have some room to improve your mortgage interest rate or want new loan terms, these lenders are among the best for Nevadans.

at loanDepot

loanDepot: NMLS#174457

3.5

Min. Credit Score

620

National / Regional

National

at loanDepot

Why we like it

Good for: borrowers looking to refinance or who want to start the application process online.

Pros

Offers digital income, asset and employment verification.
Offers multiple renovation loan options.
Has over 200 affiliated loan stores nationwide for customers who prefer face-to-face service.

Cons

Mortgage rates aren't available online; you'll need to contact a loan officer.
Does not offer home equity loans or lines of credit.

Flagstar: NMLS#417490

5.0

Min. Credit Score

620

Min. Down Payment

Why we like it

Good for: borrowers who want a wide range of choices — not only among mortgage products, but also in the channel they prefer, whether a branch, online or on the phone.

Pros

Offers a wide range of loan types and products, including FHA, VA and USDA.
Has a full suite of online conveniences.
Does well with rate transparency, and monthly payment estimates add mortgage insurance, when applicable.

Cons

Home equity lending is geographically limited.