HELOC Loans in Nevada

Home Equity Line of Credit (HELOC)

Nevada homeowners can access flexible financing through a HELOC (home equity line of credit), leveraging their property’s value to fund major life expenses. Whether you’re upgrading in Las Vegas, consolidating debt in Reno, or funding education in Henderson, a HELOC offers a revolving credit line with interest-only payments during the draw period. Most lenders in Nevada require 15%–20% equity and a credit score of at least 620. For those seeking a lump sum with fixed monthly payments, a home equity loan is a strong alternative. Nevada residents can find competitive rates through local banks, credit unions, and fintech lenders serving the state.

GET A QUOTE

How to qualify

To obtain a quote, we will need the following information:

Property Value and

 Purchase Price


Down Payment

Amount


Credit Score

 Asset Types

  • Single Family Homes
  • Townhomes
  • Condos
  • 2 - 4 Units (Duplex, Triplex, Quadplex)
  • Multi-Family: 5 - 8 Units
  • Mixed-Use: 2 - 8 Units
  • Multi-Family: 9+ Unit


Loan Terms

  • Loan Sizes: $100k up to $3.5 Million (Larger loan sizes available on a case by case basis)
  • Purchase LTV: Up to 85%
  • Rate & Term Refinance LTV: Up to 80% 
  • Cash Out Refinance LTV: Up to 80%
  • Amortization: 30 Year % 40 Year Amortization Options Available
  • Term Lengths: 5/6 ARMs, 7/6 ARMs, 10 Year Interest Only, 30 Year Fixed & 40 Year Fixed
  • Floor Rate: 5.50% (subject to change daily due to market volatility)
  • Full Recourse with personal guarantee required for all borrowers with majority ownership (typically 20%+ or 25%+ if closing in an Entity)
  • DSCR Requirement: 1.00x or greater depending on loan size and property type. Sub-1.00x DSCR and NO DSCR options available.
  • Vesting: Lending to Individuals, LLCs, and Corporations. Trusts Allowable on a Case by Case Basis.
  • Average Time to Close: 14 to 35 days

Wondering if you qualify for investment property financing in your area?


We offer lending services in all 50 states!

FIND OUT MORE

Frequently Asked Questions

What is a HELOC and how does it differ from a home equity loan?

A HELOC in Nevada is a revolving line of credit secured by your home’s equity. You can borrow what you need, repay it, and borrow again during the draw period. A home equity loan, by contrast, gives you a lump sum with fixed payments and interest. Choose a HELOC for phased or variable expenses. Choose a home equity loan for larger, one-time costs with a known amount and desire for consistent payments.

How do HELOC rates work and what affects the interest rate?

HELOC rates in Nevada are typically variable and based on the prime rate. Your actual rate will depend on your credit score, home equity, income, and loan-to-value ratio. Some Nevada lenders offer fixed-rate HELOC conversions or promotional intro APRs. Local banks and credit unions may also provide rate discounts for existing customers. Always compare rates, fees, and repayment terms across multiple lenders.

Can I qualify for a home equity loan in Nevada with low credit?

Yes, Nevada homeowners with low credit can qualify for a home equity loan if they have strong equity and verifiable income. While most lenders prefer a score of 620 or above, some may consider applicants with scores as low as 580.You may face a higher interest rate and stricter documentation requirements. Community lenders and credit unions in Nevada often offer more personalized underwriting flexibility than national banks.

How much equity do I need in my home to get a HELOC?

In Nevada, most lenders require at least 15%–20% equity in your home to approve a HELOC. This means your mortgage balance should not exceed 80%–85% of your home’s current appraised value.Other qualifying factors include your credit score, debt-to-income ratio, and employment history. Homes in appreciating markets like Clark or Washoe County may support higher credit limits.

Are home equity loans in Nevada better for large expenses?

Yes, home equity loans in Nevada are ideal for large, one-time expenses like major home improvements, debt repayment, or medical bills. These loans offer a lump sum with fixed rates and consistent monthly payments.If your needs are ongoing or not fully defined, a HELOC may be more suitable. Your choice depends on how much funding you need, when you need it, and whether you want variable or fixed terms.

What are typical equity rates and loan terms in Nevada?

In Nevada, HELOC APRs typically range from 7% to 10%, based on credit, equity, and lender policies. HELOCs usually come with a 10-year draw period and a 10- to 20-year repayment window.Home equity loans offer fixed interest rates with repayment terms from 5 to 30 years. Nevada lenders may provide special promotions, no-closing-cost options, or rate reductions for autopay. Compare offers thoroughly before choosing a loan.

Looking outside Nevada? Compare HELOC loans in California , Arizona , Utah , and Idaho...