Lyon County FHA Loan Calculator
Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Lyon County, Nevada based on real HMDA transaction records.
Local Market Insights
Lyon County FHA Mortgage Overview
For Lyon County homebuyers using an FHA loan, the 7.45% average down payment and 92.55% loan-to-value (LTV) ratio offer accessible entry, but require mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of equity. This suits buyers with sub-620 credit scores seeking a primary residence. The 0.50% effective property tax rate, with a 2.1% inflation-adjusted increase, adds predictable monthly costs. When evaluating an FHA loan with PMI and taxes in Lyon County, NV, this low down payment reduces upfront burden, though the 6.143% interest rate and permanent MIP impact long-term affordability.
Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.