BEST OF
8 Best Nevada Housing Division Lenders of 2021
The Nevada Housing Division, or NHD, offers financial assistance to Nevadans who want to become homeowners. These Nevada lenders can help you buy a house using NHD programs.
The Nevada Housing Division has several programs to help Nevada’s first-time home buyers purchase a house. To access NHD down payment and closing cost assistance funds through one of the agency’s “Home Is Possible” programs, you’ll need to work with a qualified lender.
NerdWallet has reviewed some Nevada Housing Division lenders and identified top options for a variety of borrower needs.
The Nevada Housing Division has several programs to help Nevada’s first-time home buyers purchase a house. To access NHD down payment and closing cost assistance funds through one of the agency’s “Home Is Possible” programs, you’ll need to work with a qualified lender.
NerdWallet has reviewed some Nevada Housing Division lenders and identified top options for a variety of borrower needs.
Summary of Best Nevada Housing Division Lenders of 2021
| Lender | NerdWallet Rating | Minimum Credit Score | Minimum Down Payment | Learn More |
|---|---|---|---|---|
Best for nontraditional credit | 620 | 3% | at New American Funding | |
Best for VA loans | 580 | 0% | Read review | |
Best for online convenience | 620 | 3% | Read review | |
Best for online experience | 620 | 3% | at Fairway Independent Mortgage | |
Best for online experience | 620 | 3% | at Guaranteed Rate | |
Best for face-to-face service | 620 | 3% | Read review | |
Best for FHA loans | N/A | 3.5% | Read review | |
Best for fixer-uppers | 620 | 3% | Read review |
at New American Funding
at New American Funding
Min. Credit Score
620
Min. Down Payment
3%
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.
Min. Credit Score
580
Min. Down Payment
0%
Pros
- Offers extensive educational resources for military borrowers.
- Provides digital tools for a streamlined application process.
- Participates in some state down payment assistance and first-time home buyer programs.
Cons
- No mortgage rates displayed online.
- Doesn’t offer home equity loans or lines of credit.
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Offers a full array of mortgage products, including government and renovation loans.
- Has loans for most purposes, including purchase, refinance and jumbo mortgages.
- Online portal keeps borrowers up-to-date on the loan application's progress.
Cons
- Doesn't post interest rates on its site.
- Doesn’t offer home equity loans or lines of credit.
at Fairway Independent Mortgage
at Fairway Independent Mortgage
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Offers a robust suite of loan products, including a variety of renovation loans.
- Has a digital application that can be completed in 10 minutes.
- Works with some state housing finance agencies to offer mortgages with down payment and closing cost assistance.
Cons
- Mortgage rates aren't posted online.
at Guaranteed Rate
at Guaranteed Rate
Min. Credit Score
620
Min. Down Payment
3%
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.
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Provides numerous online conveniences, including loan application and process updates.
- Current rates clearly posted for various loan products.
- Offers a wide variety of loan types and products.
Cons
- New applications for home equity lines of credit suspended during COVID-19 crisis.
- Government actions and scandals have damaged consumer trust in recent years.
Min. Credit Score
N/A
Min. Down Payment
3.5%
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.
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Full online application includes document uploads and automated loan updates.
- Offers a "float-down" interest rate lock.
- Offers a proprietary closing-cost assistance program.
Cons
- No online mortgage rates — you have to contact the lender for info.
- Doesn't offer home equity products.
Last updated on January 21, 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 Housing Division Lenders of 2021
- New American Funding: Best for nontraditional credit
- Caliber: Best for VA loans
- HomeBridge: Best for online convenience
- Fairway Independent Mortgage: Best for online experience
- Guaranteed Rate: Best for online experience
- Wells Fargo: Best for face-to-face service
- Guild Mortgage: Best for FHA loans
- PrimeLending: Best for fixer-uppers
