$450,000
Median Home Price
$410,000
Avg. Loan Amount
45+
Licensed Lenders
12+
Major Markets
Nevada Real Estate Market
Why Non-QM loans are popular in Nevada
No state income tax attracts high-income relocators
Strong short-term rental market in Las Vegas and Lake Tahoe
Entertainment and hospitality industry creates variable income profiles
Growing tech sector in Reno (Tesla, Apple, Google)
Investment property opportunities in Las Vegas metro
Significant cash-flow positive rental properties available
Popular Non-QM Programs in Nevada
These loan programs are especially popular among Nevada borrowers
Top Nevada Markets We Serve
Non-QM lending available throughout Nevada
Nevada Lending Regulations
Nevada is regulated by the Division of Mortgage Lending under the Department of Business and Industry. Mortgage companies and loan officers must be licensed under NRS Chapter 645B. Nevada has specific disclosure requirements and borrower protections.
Nevada Non-QM Loan FAQs
Common questions about Non-QM loans in Nevada
Can casino and hospitality workers get Non-QM loans in Nevada?
Yes! Bank statement loans are popular with Nevada's hospitality industry workers who often have tip income or variable schedules. Lenders understand the unique income patterns of the entertainment industry.
Are Non-QM loans available for Las Vegas vacation rentals?
Absolutely! DSCR loans are very popular for Las Vegas short-term rentals. However, be aware that Clark County has specific regulations on short-term rentals that lenders will consider.
What down payment is required for Nevada Non-QM loans?
Down payment requirements vary by program. Bank statement loans typically require 10-20% down, DSCR loans usually require 20-25% down, and asset depletion loans may require 20-30% depending on the property type.
Can I get a Non-QM loan for a Lake Tahoe property?
Yes! Lake Tahoe properties on the Nevada side are eligible for Non-QM loans. DSCR loans are popular for vacation rentals, while bank statement and asset depletion loans work well for second homes.
How does Nevada's no income tax benefit my loan application?
Nevada's lack of state income tax means your bank deposits may show higher net amounts compared to states with income tax. This can help with bank statement loan qualification and improve your debt-to-income ratio.
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