VA Loan Requirements Nevada 2026

Yes! Your VA loan benefit is reusable. Once you pay off your VA loan and sell the property (or refinance into a non-VA loan), your entitlement is fully restored and you can use it again. Even if you still have an existing VA loan, you may have remaining entitlement to use for a second property if you're relocating or buying an investment property (with restrictions). Nevada veterans who've used their VA benefit before can absolutely use it again for their next home purchase.

Unfortunately, a dishonorable discharge makes you ineligible for VA loan benefits. However, other types of discharges may still qualify you. An honorable discharge obviously qualifies, but so do general discharges under honorable conditions in many cases. If you received a discharge other than honorable, you can appeal to the VA for a Character of Discharge review. Some Nevada veterans with bad conduct discharges or other circumstances have successfully obtained VA benefits after review. Contact the VA or a VA-approved lender to discuss your specific situation.

No! While lenders typically require a minimum credit score of 580-620, VA loans are much more forgiving than conventional loans. Even with past credit issues like bankruptcy or foreclosure, you may qualify if you've reestablished good credit and have stable income. The VA doesn't set a minimum credit score—lenders do—so different Nevada lenders may have different requirements. If one lender denies you, another may approve you. We specialize in working with veterans who have less-than-perfect credit to help them achieve homeownership.

Standard VA loans require the property to meet VA Minimum Property Requirements (safe, sanitary, structurally sound), so most fixer-uppers won't qualify. However, the VA does offer a renovation loan program called the VA Rehabilitation Loan that allows you to finance both the purchase and renovation costs. This is similar to an FHA 203(k) loan. If you're interested in buying and renovating a property in Nevada, ask us about VA renovation loan options. For move-in-ready homes, the standard VA loan is your best bet.

The pre-approval process typically takes 1-3 business days once you submit all required documents (COE, pay stubs, bank statements, etc.). From application to closing, most VA loans in Nevada close within 30-45 days. The timeline can be faster if you already have your Certificate of Eligibility and provide documentation quickly. Having your COE ready before you start house hunting significantly speeds up the process. We work to close VA loans as quickly as possible to help Nevada veterans compete in the competitive housing market.

Yes, but with limitations. You cannot use a VA loan to buy land by itself. However, the VA does offer construction loans that allow you to finance the purchase of land AND the construction of a home in a single loan. The VA Native American Direct Loan (NADL) program also allows eligible Native American veterans to use their VA benefit to purchase, build, or improve a home on Federal Trust Land. For construction loans in Nevada, talk to a VA-approved lender experienced in VA construction financing—it's a more complex process than a standard purchase loan.

No, there are no maximum income limits for VA loans. As long as you have sufficient income to afford the mortgage payment and meet the residual income requirements (money left over after all expenses), you can qualify regardless of how much you earn. The VA actually has minimum income requirements (residual income) to ensure you can afford the loan, but there's no cap on the high end. Whether you're an E-4 or an O-6, active duty or retired, you can use your VA benefit in Nevada.

Yes! National Guard and Reserve members are eligible after completing at least 6 years of service. You must have been honorably discharged, placed on the retired list, transferred to Standby Reserve, or still be serving in the Selected Reserve. If you were discharged due to a service-connected disability before completing 6 years, you may still qualify. Many Nevada Guard members who've served since 9/11 are eligible for VA home loans—it's one of the most valuable benefits for part-time service members.