First-Time Buyer Financing Options
FHA Loans
Only 3.5% down with credit scores as low as 580
VA Loans
Zero down payment for eligible veterans & military
Conventional
As low as 3% down with good credit (680+)
Down Payment Help
Nevada programs offer up to $15,000 in assistance
Midtown condos in first-time price ranges
Fremont East
Median $295KDowntown corridor condos near dining and entertainment. Review HOA rental rules and parking before you write.
- Walkable Fremont East blocks
- Boutique downtown inventory
- Live MLS on this site
Arts District
Median $325KLoft conversions and boutique mid-rises near Gallery Row. Dr. Jan reviews HOA documents and reserve studies with you.
- Gallery Row and First Friday
- Loft and mid-rise options
- 921 South Main Street office nearby
Midtown Plaza
Median $350KCentral midtown condos with dining and Las Vegas Boulevard access. Compare HOA dues and parking with Dr. Jan.
- Walkable midtown core
- Dining and culture nearby
- HOA dues and parking compared before offer
New Construction Incentives
Las Vegas builders are offering incredible incentives that can make new homes more affordable than resale properties. These incentives are available NOW:
Thousands toward your closing costs
Below-market interest rates
Design center credits included
Rent vs. Buy in Las Vegas
Renting: $1,800/month
- • No equity building
- • Rent increases each year
- • No tax benefits
- • Landlord controls your living situation
- • After 5 years: $108,000 spent, $0 equity
Buying: $1,900/month*
- • Building $600+/month in equity
- • Payment stays mostly fixed
- • Mortgage interest tax deduction
- • Freedom to customize your home
- • After 5 years: $36,000+ equity built
*Based on $400K home with 3.5% down, 6.5% rate
First-Time Buyer Timeline
Get Pre-Approved (1-3 days)
We connect you with trusted lenders who specialize in first-time buyers. Know exactly what you can afford before you start looking.
Find Your Home (2-8 weeks)
Dr. Jan shows you homes that fit your budget and wishlist. She'll explain what to look for and help you avoid common first-time buyer mistakes.
Make an Offer & Negotiate (1-5 days)
We craft a competitive offer and negotiate on your behalf. Dr. Jan's experience means you don't overpay and get favorable terms.
Inspections & Due Diligence (10-14 days)
Professional inspections ensure you know exactly what you're buying. We negotiate repairs or credits if issues are found.
Close & Get Your Keys (30-45 days total)
Sign the final paperwork, get your keys, and celebrate! You're officially a homeowner.
First-Time Buyer FAQs
How much down payment do I need?
Down payment requirements vary: FHA loans require 3.5%, conventional can be as low as 3%, VA loans require 0% for eligible veterans. Nevada assistance programs can provide up to $15,000 for qualified buyers.
What credit score do I need?
FHA loans accept scores as low as 580 (3.5% down) or 500 (10% down). Conventional loans typically require 620+. Better scores mean better rates. Dr. Jan can connect you with lenders who work with all credit situations.
Do I pay for Dr. Jan's services as a buyer?
No! Buyer's agent services are typically free to buyers—the seller pays the commission. You get full professional representation from Berkshire Hathaway HomeServices at no cost to you.
Should I buy new construction or resale?
Both have advantages. New construction offers modern features, warranties, and current builder incentives. Resales may have established landscaping and lower HOA dues. Dr. Jan helps you weigh options based on your specific situation.
"Buying your first home is exciting AND overwhelming. My job is to make it less overwhelming. I walk first-time buyers through every step, explain everything in plain English, and make sure you're confident in your decision. As a Berkshire Hathaway HomeServices agent, I have resources and connections that independent agents simply don't have."— Dr. Jan Duffy, Berkshire Hathaway HomeServices Nevada Properties
Ready to Stop Renting?
Let's talk about your options. Dr. Jan Duffy will help you understand what you can afford and create a plan to make homeownership happen.
Berkshire Hathaway HomeServices Nevada Properties