Can I Sell My Home in Las Vegas if I Still Have a Mortgage? — Deidre Wilson, Las Vegas & Henderson, NV Realtor®

Can you sell your home in Las Vegas if you still have a mortgage?
Yes. Most Las Vegas homeowners sell with an active mortgage. At closing, your mortgage is paid off from the sale proceeds, and any remaining equity is yours. With the right strategy and guidance from Deidre Wilson, the process is smooth and straightforward.

How Selling With a Mortgage Works

When you sell your home, the buyer’s funds first go toward paying off your mortgage balance. This happens at closing through the title company.

• If your home is worth more than you owe → you keep the profit as equity.

• If your home is worth less than you owe → you may need a short sale or to bring cash to closing.

Equity: The Key Factor

Equity is the difference between your home’s market value and your loan balance.

Example:

• Home value: $450,000

• Mortgage balance: $300,000

• Equity: $150,000 (minus fees/closing costs)

That $150,000 is yours after the mortgage payoff.

What If You’re “Upside Down”?

Some homeowners owe more than their home is worth. In that case:

• Short sale: Lender agrees to accept less than the balance owed

• Bring funds to close: If possible, cover the difference yourself

• Delay sale: Build equity by waiting until market values rise

In Las Vegas, short sales are less common today than in the past, but they still happen in certain cases.

Las Vegas Market Insight

In mid-2025, the median sale price in Las Vegas was $465,000 (Source: LVR). Many homeowners who bought before 2020 now have significant equity, making it easier to sell even with a mortgage.

Neighborhoods like Summerlin, Skye Canyon, and Inspirada continue to see strong appreciation, which often puts sellers in a positive equity position.

What About a VA or FHA Loan?

Yes, you can still sell if you have a government-backed loan. If your buyer is using a VA or FHA loan as well, the process may even allow an assumable option — something Deidre Wilson can explain based on your situation.

Deidre Wilson’s Advice

“Most of my Las Vegas and Henderson clients still have mortgages when they sell. The important thing is knowing your payoff amount and how much equity you’ll walk away with. That’s where my team steps in to run the numbers before you ever list.” — Deidre Wilson

Your Next Step

Thinking of selling but still have a mortgage? Let Deidre Wilson & Associates prepare a free equity estimate so you know exactly what to expect at closing.

📞 Call or text: 312-576-5448
📧 Email: sold@deidrewilson.com
🌐 Visit: www.deidrewilson.com

Disclaimer: For informational purposes only. Not legal, tax, or financial advice. Always consult licensed professionals.