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10 Best Nevada Mortgage Lenders of 2021

If you're looking to buy a home, refinance a mortgage or tap your home’s equity, get a lender that’s knowledgeable about Nevada and can suit your needs. We’ve boiled down the best Nevada mortgage lenders in five key categories.

Last updated on January 29, 2021
NerdWallet
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NerdWallet
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10 Best Nevada Mortgage Lenders of 2021

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Lender
NerdWallet Rating
Min. credit score
Min. down payment
Learn more
New American Funding

New American Funding: NMLS#6606

See Offers
at New American Funding
at New American Funding
4.5
/5
Home loans overall
Best for first-time home buyers

580

N/A

See Offers
at New American Funding
at New American Funding
Rate

Rate: NMLS#2611

5.0
/5
Home loans overall
Best for online experience

620

3%

Rocket Mortgage, LLC

Rocket Mortgage, LLC: NMLS#3030

See Offers
at Rocket Mortgage, LLC
at Rocket Mortgage, LLC
4.5
/5
Home loans overall
Best for online experience

620

1%

See Offers
at Rocket Mortgage, LLC
at Rocket Mortgage, LLC
Bank of America

Bank of America: NMLS#399802

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on NerdWallet
4.0
/5
Refinancing
Best for cash-out refinance

620

N/A

Compare More Lenders
on NerdWallet
loanDepot

loanDepot: NMLS#174457

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on NerdWallet
4.0
/5
Refinancing
Best for refinancing

520

5%

Compare More Lenders
on NerdWallet
Guild Mortgage

Guild Mortgage: NMLS#3274

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on NerdWallet
4.0
/5
Home loans overall
Best for first-time home buyers

N/A

3%

Compare More Lenders
on NerdWallet
U.S. Bank

U.S. Bank: NMLS#402761

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on NerdWallet
5.0
/5
HELOCs
Best for home equity borrowers

660

N/A

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on NerdWallet
Carrington

Carrington: NMLS#2600

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on NerdWallet
4.5
/5
FHA loans
Best for borrowers with lower credit scores

500

3.5%

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on NerdWallet
Guild Mortgage

Guild Mortgage: NMLS#3274

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on NerdWallet
4.5
/5
FHA loans
Best for borrowers with lower credit scores

540

3.5%

Compare More Lenders
on NerdWallet
Flagstar

Flagstar: NMLS#417490

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on NerdWallet
4.5
/5
Refinancing
Best for refinancing

N/A

3%

Compare More Lenders
on NerdWallet

Our pick for

first-time home buyers

If you’re looking for help in cracking the code to homeownership, these Nevada lenders prioritize first-time buyers.

New American Funding: Best for first-time home buyers
NMLS#6606
4.5
Home loans overall
Min. credit score
580
Min. down payment
N/A
Learn more
on New American Funding's website
on New American Funding's website
  • Why we like itNew American Funding offers a large menu of loan products, as well as programs like first-time home buyer assistance, but personalized mortgage rates aren't available on its website.
    Pros
    • Offers a wide variety of purchase and refinance mortgages, as well as unique buyer assistance programs.
    • Its home equity line of credit can be used for a primary residence or second home.
    Cons
    • Average origination fees are on the high side, according to the latest federal data.
    • Personalized mortgage rates are not available on the website without providing contact information.
    Read full review
Guild Mortgage: Best for first-time home buyers
NMLS#3274
4.0
Home loans overall
Min. credit score
N/A
Min. down payment
3%
Compare More Lenders
on NerdWallet
  • Why we like itGuild offers a number of loans and programs that stand out, including renovation loans and home equity products. However, Guild does not have a mobile app, and interest rates aren’t published online.
    Pros
    • Offers several programs to make homeownership more accessible.
    • Offers loans for manufactured homes.
    • Renovation loan options are available.
    Cons
    • Does not publish interest rates online.
    • No mortgage mobile app.
    • Loans are not available in every state.
    Read full review

Our pick for

online experience

Rate: Best for online experience
NMLS#2611
5.0
Home loans overall
Min. credit score
620
Min. down payment
3%
Learn more
on Rate's website
on Rate's website
  • Why we like itRate boasts a streamlined application process, with full underwriting in as little as one business day, though average fees are higher than many competitors’.
    Pros
    • Fully underwritten mortgage approval in as little as one day for qualified borrowers.
    • Generous selection of loans, including government-backed, interest-only, jumbo and renovation.
    • Advertises a HELOC that can be funded in as few as five business days.
    Cons
    • Origination fees are on the high side, according to the latest federal data.
    • HELOC requires immediate, full withdrawal of funds.
    Read full review
Rocket Mortgage, LLC: Best for online experience
NMLS#3030
4.5
Home loans overall
Min. credit score
620
Min. down payment
1%
Learn more
on Rocket Mortgage, LLC's website
on Rocket Mortgage, LLC's website
  • Why we like itRocket Mortgage is the largest mortgage lender by volume, standing out for its range of affordable borrowing options, down payment assistance and closing cost credits.
    Pros
    • Reported average time to close is 15 days faster than industry average.
    • FHA and VA loans make up 40% of Rocket Mortgage’s total loan volume.
    • Borrowers can apply via mobile app.
    Cons
    • Origination fees are on the higher end, according to the latest federal data.
    • No construction or renovation loans.
    • Physical branches are only available in Detroit, Cleveland, and Phoenix.
    Read full review

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: Best for cash-out refinance
NMLS#399802
4.0
Refinancing
Min. credit score
620
National / regional
National
Compare More Lenders
on NerdWallet
  • Why we like itGood for: first-time home buyers looking for low- or no-down-payment options and homeowners interested in a home equity line of credit.
    Pros
    • Offers down payment and closing cost assistance programs.
    • May give existing customers a discount on mortgage lender origination fees and HELOC interest rates.
    • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
    Cons
    • Doesn't offer renovation loans that roll costs into a mortgage.
    Read full review

Our pick 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.

loanDepot: Best for refinancing
NMLS#174457
4.0
Refinancing
Min. credit score
520
National / regional
National
Compare More Lenders
on NerdWallet
  • Why we like itGood for: borrowers who want an easy online application and a variety of loan types to explore.
    Pros
    • Has branches across the country for customers who prefer face-to-face service.
    • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
    • Mortgage interest rates tend to be on the lower end, according to the latest federal data.
    Cons
    • Mortgage rates aren't available online; you'll need to contact a loan officer.
    • Doesn't offer home equity loans or lines of credit.
    Read full review
Flagstar: Best for refinancing
NMLS#417490
4.5
Refinancing
Min. credit score
N/A
National / regional
National
Compare More Lenders
on NerdWallet
  • Why we like itFlagstar Bank, recently acquired by Mr. Cooper, stands out for a wide variety of refinance loan types and convenient digital tools that make it easy to shop rates online.
    Pros
    • Solid variety of refinance loan types.
    • Easy to shop for mortgage rates on the website.
    • Closes loans faster than average.
    Cons
    • Average origination fee is on the high side, according to the latest federal data.
    • Doesn't offer energy-efficient mortgage refinances.
    Read full review

Our pick for

home equity borrowers

U.S. Bank: Best for home equity borrowers
NMLS#402761
Max LTV
90%
Min. credit score
660
National / regional
National
Compare More Lenders
on NerdWallet
  • Why we like itU.S. Bank’s HELOC offers a rate discount and an option to convert to a fixed rate. It has a generous maximum draw, but the lender charges an annual fee and early repayment penalty.
    Pros
    • Online tool lets you customize sample rate by location.
    • Offers a fixed-rate payment option.
    • High maximum loan amount compared with other lenders.
    Cons
    • Charges a fee for early repayment.
    • Annual fee up to $75 (waived for certain banking customers).
    Read full review

Our pick 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: Best for borrowers with lower credit scores
NMLS#2600
4.5
FHA loans
Min. credit score
500
Min. down payment
3.5%
Compare More Lenders
on NerdWallet
  • Why we like itCarrington Mortgage dedicates a large portion of its business to FHA loans and is experienced working with self-employed borrowers and those with heavy debt.
    Pros
    • Considers borrowers with bad credit, foreclosure or bankruptcy.
    • Accepts self-employed borrowers.
    • FHA interest rates are on the low side, according to the latest federal data.
    Cons
    • FHA origination fees are on the high side, according to the latest federal data.
    • Doesn’t post interest rates online.
    • No online chat for customer service.
    Read full review
Guild Mortgage: Best for borrowers with lower credit scores
NMLS#3274
4.5
FHA loans
Min. credit score
540
Min. down payment
3.5%
Compare More Lenders
on NerdWallet
  • Why we like itGuild offers flexibility for borrowers with nontraditional credit. Down payment assistance is generous, especially for low-income borrowers in underserved communities.
    Pros
    • Offers several programs to make homeownership more accessible.
    • Offers loans for manufactured homes.
    • Renovation loan options are available.
    Cons
    • Does not publish interest rates online.
    • No mortgage mobile app.
    • Loans are not available in every state.
    Read full review

Last updated on January 29, 2021

Methodology

NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best Nevada Mortgage Lenders of 2021

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