F.A.Q.
Common Questions About VA Home Loans in Nevada
Have questions about VA loans? This guide answers the most common questions Nevada veterans and service members ask when buying or refinancing a home.
If you’re applying for a VA Home Loan in Nevada, understanding the basics can help you qualify faster and avoid delays.
VA Home Loans in Nevada are one of the best benefits available to veterans and active-duty service members. Whether you’re buying your first home, upgrading to a new property, or refinancing your existing mortgage, VA loans offer unmatched flexibility with no down payment, no private mortgage insurance (PMI), and competitive interest rates. These loans are specifically designed to honor your service by making home ownership easier, more affordable, and accessible. With flexible credit requirements and options to cover closing costs, VA loans help Nevada veterans achieve their dream of owning a home with less hassle and financial burden.
Nope! VA loans allow eligible veterans and active-duty members to buy a home with $0 down, which is one of the biggest benefits of the program.
No. VA loans do not require PMI — that’s a huge savings compared to conventional loans.
Yes. You can reuse your VA loan benefit as long as you have remaining entitlement or you’ve paid off a previous VA loan.
The VA doesn’t set a required score, but most lenders look for a 620+. We work with a range of credit types — don’t let that number scare you.
Yes and no! VA loans are for primary residences only. You must live in the home you’re buying.
VA loans typically don’t require money upfront. You may need to cover some closing costs, but those can often be negotiated or rolled into the loan.
Most VA loans close in 30 days or less, especially if you’re already pre-approved.
Yes, you can reuse your VA loan benefit as long as you have remaining entitlement, or you can restore it if you’ve sold the previous home and paid off the loan.
The VA funding fee is a one-time payment that helps keep the loan program running. It can usually be rolled into your loan and is waived for many veterans with service-connected disabilities
No — VA loans don’t have a maximum income cap. However, you’ll need to show stable income and enough residual income to meet VA guidelines.
Yes, but VA construction loans are less common and require special lenders. Most veterans use VA loans to buy move-in-ready homes, then refinance later if they remodel.
Like any mortgage, defaulting can lead to foreclosure. However, the VA offers loan counselors to help you work with lenders and avoid losing your home.
Can I get a VA loan if I’m still active duty?
Yes! Active-duty service members are eligible for VA loans as long as they meet the minimum service time — typically 90 continuous days during wartime or 181 days during peacetime.
Can closing costs be covered by the seller?
Yes. Sellers are allowed to pay a portion of your closing costs, and sometimes all of them. This can make your VA loan even more affordable with little or no money out of pocket.
Ready to Use Your VA Home Loan Benefit in Nevada?
If you’re a veteran or active-duty service member in Nevada, now is the perfect time to take advantage of your VA Home Loan benefits. Whether you’re buying your first home or refinancing an existing one, our expert team is here to guide you every step of the way. Have more questions or ready to get started? Contact us today for personalized support and a hassle-free home loan experience.
