Can you live in California and buy a house in another state?

Yes, you can get a mortgage in one state to buy a property in another state. Many people are now considering moving to a lower cost state due to the acceptance of working from home. At the same time, more people are considering moving to California and other states with high vaccination rates and low coronavirus rates.

Can you buy a house in a different state than you live in?

Qualifying for a mortgage to buy a home in another state is as simple as finding a lender licensed in that state. For a primary residence, you do not need to move to the new state before you apply for the mortgage as long as you plan to move into the property when your loan closes.

How much do you need to make to buy a home in Las Vegas?

HSH.com has calculated the average yearly salary required to afford a median-priced home in 50 of the largest metropolitan areas. The answer for Las Vegas is $50,728.93 with 20 percent down (or $59,535.42 with 10 percent down).

What credit score do you need to buy a house in Nevada?

Home Is Possible Buyers must have a credit score of 640 or above, meet income and purchase price limits, and complete a NHD-approved homebuyer education course to qualify.

How much is a downpayment on a house in Las Vegas?

Requirements For Buying A House In Las Vegas Lenders require you to have good credit and a 3\% – 6\% down payment. That comes out to around $9,000 – $18,000 for the down payment, but don’t forget about the 2\% – 5\% in closing costs too.

How much is a downpayment on a house in Nevada?

Recommended Minimum Savings

Minimum Down Payment	$8,750
Closing Costs	$8,494
Estimated Cash Needed to Close	$17,244
Recommended Cash Reserve	$4,467
Total Recommended Savings	$21,711