Edited and reviewed by CEO Vatche Saatdjian — 30+ years of experience — Expert on FHA loans
VA Benefits for Veterans
You've served your country—now let your VA home loan benefits serve you. Discover the incredible advantages available to Nevada veterans, active-duty service members, and eligible surviving spouses.
Your Earned Benefits
VA loans offer unmatched benefits designed specifically for those who've served. Here's why over 2 million veterans chose VA loans in the past decade, and why Nevada veterans should take full advantage.
Buy a home in Nevada with $0 down payment. While conventional buyers need 5-20% down and FHA requires 3.5%, VA loans let you finance 100% of the home's value up to local limits.
Keep your savings for furniture, moving, or emergencies
No waiting years to save a down payment
Build equity from day one without depleting cash reserves
Nevada's median home price in Las Vegas is $425,000 and Reno is $510,000. Saving a 20% down payment would take years for most buyers, but VA loans eliminate this barrier entirely.
Money Saved on $425K Home:
$21,250
Available immediately for your use
Nevada veteran tip: Use the money you would've spent on a down payment to reduce debt, fund renovations, or invest—all while owning your home.
On a $425,000 home with 5% down, typical PMI costs $236/month. Over 10 years before PMI cancels, you'd pay $28,320 in premiums.
Your VA Loan PMI:
$0
Savings retained for life of loan
Conventional loans with less than 20% down require PMI, costing $150-$300+ monthly. VA loans never require PMI, even with $0 down, saving you thousands annually.
Monthly: $150-$300
Lower mortgage payment every single month
Annually: $1,800-$3,600
More money for family, savings, or investments
10 Years: $18,000-$36,000
Substantial long-term savings
Note: VA loans do have a one-time funding fee (typically 2.15% for first use, waived for disabled veterans), but this is financed into your loan and far less than years of PMI payments.
VA loans consistently offer lower interest rates than conventional and FHA loans—typically 0.25% to 0.50% lower. This government backing means lenders take less risk and pass savings to you.
Government Guarantee
The VA guarantees a portion of the loan, reducing lender risk and allowing them to offer better rates.
Lower Default Rates
Veterans have historically lower foreclosure rates, making VA loans less risky for lenders.
Competitive Market
Many lenders compete for veteran business by offering their best rates on VA products.
Nevada market insight: With rising home prices in Las Vegas and Reno, even a 0.5% rate difference translates to massive savings over 30 years—money that stays in your pocket.