Best Mortgage Lenders in Nevada in 2019

Whether you're looking to live it up in Las Vegas or hit the slopes near Lake Tahoe, we searched through various companies to find the best lenders for Nevada homebuyers. Read about our picks in the Silver State, or choose a lender from the table below.

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The Best Rates Among Nevada Mortgage Lenders

If you're looking for the best mortgage rates in Nevada, check our lender reviews below. Deciding on a mortgage company to finance your home can be difficult due to the wide variety of available choices. The most competitive rates for Nevadans were provided by direct lenders that primarily do business online. Despite this, you'll want to find a lender that provides the best overall value, which depends on service quality as much as it does on interest rate. To help you find a lender that is competitive in cost and other areas, we identified the top lenders in Nevada for common homebuyer needs.

Best Lender for First Time Homebuyers: Guild Mortgage

Consider this if you want a lender experienced in FHA loans with high customer satisfaction ratings.

Based on its expertise and high customer satisfaction ratings, Guild Mortgage ranked as our top choice for first-time homebuyers. Unfortunately, the company doesn't provide mortgage rates on its site, but you can get a custom rate online by contacting a loan officer or in-person. Below, we have included rates from other popular lenders for you to get a sense of estimates for your first mortgage.

First-Time Purchase Mortgages in Nevada

LenderRateAPRMonthly PaymentDown Payment
Wells Fargo4.885.43%$1,1293.0%
Quicken Loans4.99%5.77%$1,2753.0%
U.S. Bank4.63%5.70%$1,0093.5%
Bank of America4.50%5.05%$1,0565.0%

Guild Mortgage Company specializes in government-backed loans for first-time homebuyers. With more than 50 years of experience, the company puts an emphasis on creating long-term relationships with borrowers by helping them navigate every aspect of the homebuying process and servicing all loans it originates throughout the life of the loan.

As a homebuyer in Nevada, you can use Guild Mortgage's online services, go to one of its 18 locations in the state or use a combination of both. The company is able to provide great service in each service option, as shown by J.D. Power's customer satisfaction survey, where it tied with Quicken Loans as the top spot for primary mortgage originations in the United States.

Best Online Mortgage Lender: Quicken Loans

Consider this if you're looking for an online lender with helpful guides and tools.

When searching for an online mortgage lender, Quicken Loans is great option for most types of borrowers, due its variety of loan options and online tools to help you find the best loan for your circumstances. It is the top mortgage lender in the country and has strong ratings in mortgage originations and servicing.

Quicken Mortgage Loans

Loan TypeRateAPRMonthly P+I
30-Year Fixed4.99%5.29%$983
VA 30-Year Fixed4.63%5.02%$958
15-Year Fixed4.38%%4.88%$1,339
5-Year ARM4.25%5.07%$912

Estimates for a $200,000 purchase loan with 20% down payment and 740 credit score. The APR and monthly costs for ARMs can increase based on changes in the index rate.

Even though Quicken Loans is not the cheapest lender available, it makes up for the cost in other areas by providing exceptional customer support and a transparent lending process. As stated above, it tied for the top spot in customer satisfaction from J.D. Power's mortgage origination survey, in addition to having fewer complaints than most primary lenders with the Consumer Financial Protection Bureau (CFPB).

According to S&P Global mortgage origination data, Quicken Loans accounted for the most loans in Nevada in 2017 and so far into 2018. The lender is used for multiple loan types, funding both first and second mortgages. And unlike many mortgage lenders, Quicken Loans services 99% of the loans that it originates to ensure continued great service after closing.

Best Lender for In-Person Service in Nevada: U.S. Bank

Consider this if you want in-person services to complete your mortgage process in Nevada.

U.S. Bank has almost 100 branches throughout the state, making it our pick for the best mortgage lender with in-person services in Nevada. Other than locations, the lender stands out by offering many different loan options for purchasing or refinancing your home loan.

Mortgage Products at U.S. Bank

Loan TypeRateAPRMonthly Payment
30-year fixed4.75%4.83%$835
15-year fixed4.38%4.50%$1,214
30-year fixed - VA4.75%5.11%$1,078
5-year ARM4.00%4.70%$798

Estimates are for a $200,000 purchase loan with a 20% down payment and 740 credit score.

As one of the most accessible banks in Nevada, U.S. Bank has locations available to homebuyers whether they live on the west side of the state in Reno or Elko in the north. With local staff in each location, borrowers have access to loan officers experienced in financing homes in their area, which they may not find when using an online lender.

map of U.S. Bank branches, by county

Although U.S. Bank doesn't offer the most competitive rates, the quote estimates available on its site don't include discount points. Many other lenders use discount points in their estimates to advertise lower rates to homebuyers. So, with the addition of discount points, the rates you receive from U.S. Bank will most likely be lower than the general estimates on the website. Additionally, if you're an existing customer, you may qualify for relationship rates on new loans.

Best Lender for a VA Home Loan: Navy Federal Credit Union

Consider this if you want a VA home loan from a reliable military-affiliated mortgage company.

For veterans and active service members in Nevada, Navy Federal Credit Union is the best option for a VA loan in the state, thanks to its competitive rates and high-quality loan servicing. The lender also offers a lot of support and cash-back incentives for using its services, which can help with the ease and cost of your mortgage.

Best VA Lenders in Nevada

LenderMortgage RateAPRMonthly P+IEstimated Points and Fees
Navy Federal4.00%4.34%$1,074$11,925
Quicken Loans4.75%5.23%$1,340$11,925
USAA4.63%4.89%$1,157$10,519
Wells Fargo4.50%4.75%$1,035$10,602 (includes closing costs)

Fixed-rate estimates are for a 30-year VA loan of $225,000 with 0% down payment, 3.30% VA funding fee and credit score of 740.

Not only does Navy Federal Credit Union offer the lowest rates, it also gives borrowers access to loan officers and real estate agents experienced in finding and financing homes for service members. If you use the real estate network, you can qualify for special discounts to help with moving and up to $5,050 in cash-back rewards, based on the price of your home. If you need extra guidance, the credit union also provides guides and tools dedicated to helping members with their financial needs, including step-by-step information on the homebuying process.

Madison Miller

Madison is a former Research Analyst at ValuePenguin who focused on student loans and personal loans. She graduated from the University of Rochester with a B.A. in Financial Economics with a double minor in Business and Psychology.

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