Nevada VA Loans
Whether you receive PCS orders to relocate to Nevada or are already a resident, purchasing a home can be a great financial move. Using a VA loan in Nevada has many benefits for seasoned and first-time homebuyers alike.
Editors Note: This article and its content is solely for educational purposes only. VAMortgageCenter is a registered trademark of Mortgage Research Center, LLC. (NMLS #1907) and not available in Nevada.
With the average listing price of a home in Nevada landing at $412,244, the VA loan’s signature $0-money-down benefit is a considerable advantage for Nevada homebuyers.
How to get a VA Loan in Nevada
VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.
For example, if you're purchasing a home in Las Vegas, NV, you'll need to find a lender licensed in Nevada to do the loan.
See also: VA Loan Eligibility Requirements
Other Considerations for Getting a VA Loan in Nevada
VA borrowers in Nevada should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.
Nevada VA Loan Limits
VA borrowers in Nevada with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.
However, veterans without their full VA loan entitlement are still bound to Nevada’s VA loan limits.
As of January 1, 2024, VA loan limits for all counties in Nevada are $766,550.
Property Taxes in Nevada
Another consideration for VA buyers in Nevada is property taxes. For certain VA buyers, there are exemptions.
You may be eligible for a property tax exemption in Nevada if you meet one of the following conditions:
- Disabled veterans with a disability rating between 60 to 79 percent are eligible for a $10,000 deduction.
- Disabled veterans with a disability rating between 80 to 90 percent are eligible for a $15,000 deduction.
If you are required to pay property tax in Nevada, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:
| County | Property Tax Rate |
|---|---|
| Carson City | 0.45% |
| Churchill | 0.64% |
| Clark | 0.72% |
| Douglas | 0.46% |
| Elko | 0.56% |
| Esmeralda | 0.54% |
| Eureka | 0.49% |
| Humboldt | 0.62% |
| Lander | 0.71% |
| Lincoln | 0.50% |
| Lyon | 0.65% |
| Mineral | 0.88% |
| Nye | 0.71% |
| Pershing | 0.72% |
| Storey | 0.58% |
| Washoe | 0.64% |
| White Pine | 0.53% |
How VA Loans Work in Nevada
View the graphic below to learn more about how VA loans work in Nevada.
