One of the biggest myths about buying a home is that you need 20% down.

The truth?

Many Las Vegas buyers purchase homes with far less.

Here’s what to expect.

Down Payment Options

Depending on loan type:

Conventional: 3%–20% or more if you desire
FHA: 3.5%
VA: 0%

Down payment assistance: Available for qualified buyers up to $20,000.

Closing Costs

These typically include:

• Lender fees
• Title fees
• Escrow fees
• Appraisal
• Prepaid taxes and insurance

Many buyers spend 3% of the purchase price on closing costs unless you are paying cash.

Earnest Money Deposit

Usually 1%–3% of purchase price.

This is credited back at closing.

Inspection Costs

Budget around:

• Home inspection $350-$1000
• Sewer scope (if needed)
• Specialty inspections
• Appraisal $500-750 averaging

The Good News

There are often ways to reduce upfront costs through:

• Seller concessions
• Builder incentives
• Lender credits
• Assistance programs

The key is having the right strategy.

Download my free Buyer Guide to understand all the numbers before you start.

Get the Buyer Cost Guide: https://www.vegasborncrystal.realtor/las-vegas-guides