Self-Employed loan snapshot for Nevada
| Item | Estimate |
|---|---|
| Minimum down payment | 3%–10% |
| Minimum credit score | 620–660 |
| Typical NV home value | $406,100 |
| 3.5% down on typical home | $14,214 |
| 20% down on typical home | $81,220 |
| Avg. effective property tax | 0.48%/yr (~$164/mo) |
| Income for typical home (31% rule) | $122,000 |
Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.
Which Nevada programs pair with Self-Employed loans?
- Home Is Possible DPA: Down payment assistance in the form of a grant or deferred second loan.
- Home Is Possible for Heroes: Assistance for veterans, active military and surviving spouses.
Details and current limits: Nevada Housing Division / Home Is Possible.
What documents do self-employed borrowers need?
- Two years of personal federal tax returns (all schedules).
- Two years of business returns (1120S, 1065 or 1120) if applicable.
- Year-to-date profit and loss statement.
- Business license or CPA letter verifying the business.
- Recent personal and business bank statements.
Full-doc vs bank-statement loans
| Full documentation | Bank-statement (non-QM) | |
|---|---|---|
| Income source | Tax returns | 12–24 months of deposits |
| Down payment | 3%–5%+ | Usually 10%+ |
| Rate | Market | Typically higher |
Self-Employed loans in Nevada cities
Frequently asked questions
Yes. Self-Employed loans are available statewide in Nevada through approved lenders, subject to county loan limits where they apply.
Often yes. Nevada Housing Division / Home Is Possible and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.
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Get My MatchesFigures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.