FHA. Built so you can reach your first home.

No, that's a common myth. FHA is available to anyone who meets the program's requirements, whether or not it's your first home. But yes: many first-time buyers use FHA because it allows a lower down payment and accepts credit that's still being built — if you're new to the process, the first-time-buyer guide walks through how FHA fits into the broader picture. In pre-qualification, Jesse tells you whether FHA or conventional fits your specific case better.

The minimum down payment varies with the program, the lender, and your credit and income profile. It's less than what a typical conventional requires — that's the most well-known difference of FHA. We won't put a percentage on a web page that won't apply to your case. In pre-qualification, Jesse gives you the specific number based on your documents.

FHA accepts credit profiles that a typical conventional won't, but there's a minimum floor that varies with the lender and with the rest of your profile. If your credit is still being built, FHA is probably your most realistic path. If it's damaged, there are things that can be cleaned up before applying — Jesse tells you what and how long it takes.

Yes. Self-employed workers can qualify with FHA, but the documentation looks different — federal returns from the last two years, business records, and sometimes profit-and-loss statements. The idea that being self-employed automatically disqualifies you is false. What changes is which papers you bring to the first meeting.

FHA requires mortgage insurance premium (MIP) — insurance that protects the lender in case the loan isn't paid. It has two parts: one paid at closing and one paid monthly with your mortgage payment. How much you pay and for how long depends on the down payment you make and the loan term. Jesse explains the specific numbers in pre-qualification, not before — because any number we put here would be wrong for your particular case.

No. FHA has loan limits per county that are updated yearly. In Clark County, Nevada, the limits are adjusted each year and cover a wide range of properties — not just modest homes. The specific current limit gets confirmed in pre-qualification based on what you're looking at.

Yes. Nevada has several down-payment assistance programs that can be combined with FHA in many cases — some from the state, some from the county, some from non-profit organizations. Which one fits you and which you qualify for depends on your situation. Jesse identifies the applicable programs in pre-qualification and explains how they stack with FHA, so you don't get lost in the paperwork.