Las Vegas VA Loans

If you are a veteran looking to relocate to Las Vegas or just move off base for the first time, now is a great time to buy a house with a Nevada VA Loan. With a VA Loan you can get a house with absolutely no down payment. With increased loan limits in Las Vegas, this means you can afford a much bigger house than ever for an incredible deal.

What is a VA Loan?

A VA Loan is actually a guaranty on a loan, not the loan itself. What this means is you will receive the money from a private lender, and the loan is guaranteed by the VA for up to half the total amount of the loan. The benefits of this are that you aren’t required to provide a down payment. You also won’t have to pay monthly insurance on the loan. A lot of times lenders are also willing to give you a better interest rate than if you were applying for a conventional loan.

How to Qualify

The very first thing you need to do in order to obtain a VA Loan is to establish your eligibility with the VA. In order to be eligible you must have served 181 days of regular active-duty service with the military. For ex-military, you must have served this same amount of time and been honorably discharged. There are some special situations where the time frame is reduced, such as veterans who served overseas during wartime, were POW’s or were injured in combat. In some cases the widow of a veteran may also qualify for a VA Loan.

If you are considering purchasing a house in Las Vegas, you will definitely want to go through the VA to obtain a loan. Besides the affordability and simplicity of obtaining the loan, you also have a lot of flexibility when it comes to repayment plans. VA Loans are the smart choice for all veterans.

Getting qualified is simpler than ever. Just fill out our 1-minute quote request form today and start comparing rates.

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