Nevada Veteran Homebuyer Programs & Benefits

Honorably discharged veterans with a service-connected disability rated by the VA who own and occupy their primary residence in Nevada qualify. Exemption amounts range from $14,000 (10-30% disability) to $30,000 (60-100% disability) off assessed property value, saving thousands annually.

VA loans require occupancy as your primary residence. However, you can buy multi-unit properties (2-4 units) with VA financing, live in one unit, and rent the others. After occupying for 12 months, you can move and keep the property as a rental while your VA entitlement remains tied to that loan.

The VA funding fee is 2.15% for first-time use (can be financed into loan). Veterans with service-connected disabilities rated at 10% or higher are exempt from the funding fee. Surviving spouses receiving DIC benefits are also exempt. This exemption can save $4,000-8,000+ on a Nevada home purchase.

Yes, your VA loan benefit is reusable. Once you pay off a VA loan or sell the property, your entitlement is restored. Some veterans can even use VA loans on multiple properties simultaneously if they have sufficient remaining entitlement. There's no limit to how many times you can use your VA benefit throughout your lifetime.

All Nevada counties have veteran service officers. Clark County (Las Vegas), Washoe County (Reno), and Carson City have the most comprehensive veteran services including employment assistance, benefits counseling, and housing support. Contact your local county veteran services office or Nevada Department of Veterans Services (NDVS) for assistance.

VA appraisals have specific Minimum Property Requirements (MPRs) to ensure safe and habitable conditions. Requirements include functional heating, roofing, plumbing, and electrical systems. While standards are protective, most Nevada homes in good condition pass VA appraisal. Issues found can usually be corrected before closing.