The state of Nevada outlined with the state flag overlaid on top of it


VA Loans in Nevada

The VA Loan is a crucial benefit for military families and veterans, facilitating homeownership with advantageous terms. In Nevada, particularly in cities like Las Vegas, Henderson, Reno, and others, the VA Loan program is popular due to its $0 down payment requirement, absence of private mortgage insurance, competitive interest rates, and flexible credit score requirements. These benefits make the dream of homeownership more achievable for veterans across the state.

Median Sale Price of Homes in Nevada*

Las Vegas $419,215
Henderson $481,545
Reno $548,480
Spring Valley $418,865
Sunrise Manor $352,055
Paradise $390,907
Sparks $507,629
Carson City $473,555

*Data provided reflects current market trends

Property Taxes in Nevada

While Nevada boasts one of the lowest average effective property tax rates in the nation at 0.55%, rates vary by county, ranging from 0.44% to 1.04%. To understand specific tax rates applicable to your property, visit your county’s Assessor and Treasurer pages:

Carson City | Churchill | Clark | Douglas | Elko | Esmeralda | Eureka | Humboldt | Lander | Lincoln | Lyon | Mineral | Nye | Pershing | Storey | Washoe | White Pine

Insurance Programs in Nevada

Nevada's diverse geography exposes it to a range of natural risks, including wildfires in rural areas and flash floods in urban settings. Comprehensive homeowners insurance is essential for protecting properties against these risks, especially for veterans using VA Loans, who are encouraged to secure policies that cover all potential hazards.

Veteran/Military Property Tax Exemptions in Nevada

Nevada offers several property tax exemptions for veterans, including:

  • Wartime Veterans Exemption: Available to veterans who served in any major branch of the US Armed Forces during wartime. Eligible veterans must have served at least 90 continuous days of active duty and own the property.
  • Disabled Veterans Exemption: For veterans with a service-connected disability of at least 60%, this exemption provides a reduction in property taxes based on the degree of disability incurred.

Veterans can apply these exemptions to their real property taxes or as a credit towards vehicle registration fees at the Nevada Department of Motor Vehicles. Surviving spouses may also qualify under certain conditions.

Military Presence in Nevada

Nevada is home to several significant military installations, including:

  • Nellis Air Force Base: Located near Las Vegas, known for its advanced aerial combat training.
  • Creech Air Force Base: Also near Las Vegas, primarily involved in the operation of unmanned aerial vehicles.

VA Home Loan Volume in Nevada*

Total Loans 6,019
Average Loan Amount $423,288
Total Loan Amount $2,547,771,444
Total Purchase Loans 4,782
Total Purchase Loans % 79.45%
Total IRRRL Loans 54
Total IRRRL Loans % 0.90%
Total Cash-Out Loans 1,183
Total Cash-Out Loans % 19.65%

*Data pulled from the Department of Veterans Affairs (2024)

FAQ’s about VA Loans in Nevada

For more detailed information on utilizing VA Loans in Nevada or to learn more about property tax exemptions for veterans, please refer to our comprehensive guide or contact our experts for personalized advice and support.

Click here to request more information about the VA Home Loan
Start with an Instant Prequalification.