What do first-time buyers need before house hunting in Las Vegas?
Start with a lender pre-approval and a clear monthly budget. Call (949) 638-3939 for a step-by-step buyer consult covering neighborhoods, incentives, and inspection contingencies.
Down Payment Assistance Available
Your First Home in Las Vegas
Starts Here
Down payment assistance. Builder incentives. Expert guidance every step of the way.
Let's Make Homeownership Happen → (949) 638-3939Featured Properties
Browse Las Vegas and Henderson homes for sale — listings updated daily
First-Time Buyer Financing Options
3.5%
FHA Loans
Only 3.5% down with credit scores as low as 580
2026 Limit: $498,257
0%
VA Loans
Zero down payment for eligible veterans & military
No PMI required
3%
Conventional
As low as 3% down with good credit (680+)
PMI removable at 20%
Down Payment Help
Nevada programs offer up to $15,000 in assistance
Income limits apply
Best Neighborhoods for First-Time Buyers
North Las Vegas
Best Value$350K - $450K
Most affordable new construction in the valley. Growing rapidly with new schools, shopping, and infrastructure investments.
- New construction from $350K
- FHA-friendly pricing
- Strong appreciation
Mountains Edge
Great Parks$380K - $480K
Southwest Las Vegas with the valley's largest park. Great community feel, mountain views, and easy freeway access.
- Exploration Peak Park
- Mountain views
- Family-friendly
Centennial Hills
Top Schools$398K Median
Northwest Las Vegas near Centennial Hills Hospital. Excellent schools, family parks, and Red Rock Canyon proximity.
- Highly-rated schools
- Near outdoor recreation
- Medical facilities nearby
New Construction Incentives
Las Vegas builders are offering incredible incentives that can make new homes more affordable than resale properties. These incentives are available NOW:
6%
Closing Cost Credits
Thousands toward your closing costs
4.99%
Rate Buydowns
Below-market interest rates
$50K
Free Upgrades
Design center credits included
Rent vs. Buy in Las Vegas
Renting: $1,800/month
- • No equity building
- • Rent increases each year
- • No tax benefits
- • Landlord controls your living situation
- • After 5 years: $108,000 spent, $0 equity
Buying: $1,900/month*
- • Building $600+/month in equity
- • Payment stays mostly fixed
- • Mortgage interest tax deduction
- • Freedom to customize your home
- • After 5 years: $36,000+ equity built
*Based on $400K home with 3.5% down, 6.5% rate
First-Time Buyer Timeline
1
Get Pre-Approved (1-3 days)
We connect you with trusted lenders who specialize in first-time buyers. Know exactly what you can afford before you start looking.
2
Find Your Home (2-8 weeks)
Dr. Jan shows you homes that fit your budget and wishlist. She'll explain what to look for and help you avoid common first-time buyer mistakes.
3
Make an Offer & Negotiate (1-5 days)
We craft a competitive offer and negotiate on your behalf. Dr. Jan's experience means you don't overpay and get favorable terms.
4
Inspections & Due Diligence (10-14 days)
Professional inspections ensure you know exactly what you're buying. We negotiate repairs or credits if issues are found.
5
Close & Get Your Keys (30-45 days total)
Sign the final paperwork, get your keys, and celebrate! You're officially a homeowner.
First-Time Buyer FAQs
How much down payment do I need?
Down payment requirements vary: FHA loans require 3.5%, conventional can be as low as 3%, VA loans require 0% for eligible veterans. Nevada assistance programs can provide up to $15,000 for qualified buyers.
What credit score do I need?
FHA loans accept scores as low as 580 (3.5% down) or 500 (10% down). Conventional loans typically require 620+. Better scores mean better rates. Dr. Jan can connect you with lenders who work with all credit situations.
Do I pay for Dr. Jan's services as a buyer?
No! Buyer's agent services are typically free to buyers—the seller pays the commission. You get full professional representation from Berkshire Hathaway HomeServices at no cost to you.
Should I buy new construction or resale?
Both have advantages. New construction offers modern features, warranties, and current builder incentives. Resales may have established landscaping and lower HOA dues. Dr. Jan helps you weigh options based on your specific situation.
"Buying your first home is exciting AND overwhelming. My job is to make it less overwhelming. I walk first-time buyers through every step, explain everything in plain English, and make sure you're confident in your decision. As a Berkshire Hathaway HomeServices agent, I have resources and connections that independent agents simply don't have."— Dr. Jan Duffy, Berkshire Hathaway HomeServices Nevada Properties
Ready to Stop Renting?
Let's talk about your options. Dr. Jan Duffy will help you understand what you can afford and create a plan to make homeownership happen.
Berkshire Hathaway HomeServices Nevada Properties
Last Updated: January 2026