No! Veterans with a VA disability rating of 10% or higher are completely exempt from the VA funding fee. This is one of the most valuable VA loan benefits—disabled veterans buying a $350,000 Nevada home save the entire $7,525 funding fee (2.15%). Purple Heart recipients are also exempt regardless of disability rating. Surviving spouses of veterans who died in service or from service-connected disabilities are also exempt from the funding fee.

Absolutely! Your VA loan benefit is reusable for life. Once you sell your home or pay off your VA loan, your full entitlement is restored and you can use it again. There's no limit to how many times you can use your VA benefit throughout your lifetime. Many Nevada veterans use VA loans multiple times as they move between Las Vegas, Reno, Henderson, or relocate for work. With sufficient remaining entitlement, you can even have two VA loans simultaneously.

Nevada veterans save an average of $75,000+ over the life of their loan compared to conventional financing. This comes from: (1) $17,500+ saved on down payment for a $350k home, (2) $14,700 saved by not paying PMI over 7 years, (3) $20,000+ saved from lower interest rates over 30 years, and (4) $2,000+ saved on lower closing costs. Monthly payments are typically $200-300 lower than conventional loans, providing immediate cash flow benefits. For disabled veterans with funding fee waived, savings exceed $82,000 over 30 years.

While the VA doesn't set a minimum credit score, most Nevada lenders require 580-620 for VA loans. This is significantly lower than the 620-680 typically required for conventional loans. With strong compensating factors (steady income, low debt-to-income ratio, cash reserves), some veterans with credit scores as low as 580 can qualify. If you've had past credit challenges like bankruptcy or foreclosure, VA loans have shorter waiting periods (2 years vs 4-7 years for conventional). Even if your credit isn't perfect, it's worth getting pre-qualified to see what's possible.

Surviving spouses of veterans who died in service or from service-connected disabilities may be eligible to use VA home loan benefits. This includes receiving a Certificate of Eligibility and using all VA loan advantages (0% down, no PMI, competitive rates) when buying a home in Nevada. Surviving spouses who remarry on or after age 57 (or after December 16, 2003, if remarriage occurred before that date) retain eligibility. Contact us to verify eligibility if you're a surviving spouse—your veteran's service earned these benefits for your family.

For veterans with full entitlement, there is no maximum loan amount—you can buy a home of any price with 0% down as long as you qualify financially and the home appraises. For Nevada's luxury market (Lake Las Vegas, Summerlin, Henderson hills), this is a huge advantage. If you've previously used your VA benefit and have partial remaining entitlement, the VA guarantees up to 25% of the 2025 conforming loan limit ($766,550 in most NV counties, higher in Clark County). For loan amounts exceeding your available entitlement, you may need a down payment on the difference. Most Nevada veterans have sufficient entitlement for loans up to $1 million+ with 0% down.

Yes! The myth that sellers avoid VA loans is outdated. In Nevada's current market, VA loans are widely accepted—especially in military-friendly areas like Las Vegas (near Nellis AFB) and Henderson. VA loans close just as fast as conventional loans (30-45 days typically), and VA buyers are often stronger because they're pre-qualified with government backing. The VA appraisal protects both buyer and seller by ensuring the home meets safety standards. In competitive Nevada markets, many sellers appreciate VA buyers' strong qualification standards. Working with an experienced VA lender (like us) ensures smooth transactions that sellers welcome.

Regular VA loans require homes to meet Minimum Property Requirements (MPRs) ensuring safety and livability—so severe fixer-uppers may not qualify. However, the VA offers a special renovation loan program called the VA Renovation Loan that allows you to finance both the purchase price and renovation costs into one loan with 0% down. This is perfect for Nevada veterans who find a great deal on a home needing work in older Las Vegas neighborhoods or historic Reno areas. The renovations must make the home safe and livable. Contact us to discuss whether a standard VA loan or VA renovation loan is better for your situation.