One-Time Close Loans | FHA and VA Construction Loans
VA and FHA One-Time Close Construction Loans

2024 FHA Construction Loan Limits in Nevada tell homebuyers how much borrowing power they have to build a home. VA Limits are set by the lenders.

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FHA Loan - One-Time Close Construction Loan

2024 VA and FHA Construction Loan Limits

Borrow for Single Family Home Loans in Nevada Counties

The FHA has a maximum construction loan amount that it will insure, which is known as the FHA lending limit. These loan limits are calculated and updated annually, and are influenced by the conventional loan limits set by Fannie Mae and Freddie Mac. The type of home, such as single-family or duplex, can also affect these numbers.

Construction loan limits no longer apply to new VA Loans. The Department of Veterans Affairs (commonly referred to as the VA) can now back larger loans than previous allowed. This change doesn't mean that you have unlimited borrowing power. Your lender will still have credit requirements that you need to meet as well as maximum loan amounts based on their own standards. VA lenders establish their own limits based on company policies. The amount we generally see is shown below, labeled as the VA Lender Limit.

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"For 2024, the FHA floor was set at $498,257 for single-family home loans. This lending limit covers most U.S. counties."

17 match(es) found

CARSON CITY County
CARSON CITY, NV
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$510,600
CHURCHILL County
FALLON, NV
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$498,257
CLARK County
LAS VEGAS-HENDERSON-PARADISE, NV
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$498,257
DOUGLAS County
GARDNERVILLE RANCHOS, NV
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$657,800
ELKO County
ELKO, NV
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$498,257
ESMERALDA County
NON-METRO
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$498,257
EUREKA County
ELKO, NV
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$498,257
HUMBOLDT County
WINNEMUCCA, NV
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$498,257
LANDER County
NON-METRO
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$498,257
LINCOLN County
NON-METRO
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$498,257
LYON County
FERNLEY, NV
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$498,257
MINERAL County
NON-METRO
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$498,257
NYE County
PAHRUMP, NV
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$498,257
PERSHING County
NON-METRO
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$498,257
STOREY County
RENO, NV
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$621,000
WASHOE County
RENO, NV
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$621,000
WHITE PINE County
NON-METRO
VA Construction Loan LimitFHA Construction Loan Limit
$1,500,000$498,257

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