VA Purchase

VA Loans play an important role in putting our brave military-serving citizens and their families into a home of their own.

Product description

A VA loan is issued by a private lender and insured by the Department of Veterans Affairs. It’s a valuable benefit — offering a mortgage with a lower-than-most interest rate that usually requires no down payment — for qualified U.S. veterans, active-duty military personnel and certain surviving spouses.

Although the VA has no minimum credit score requirement, most wholesalers require scores of at least 620. A few lenders will approve loans with credit scores as low as 580 in some cases. The VA takes a real-life view of affordability by estimating the ability to pay the home loan after accounting for other monthly expenses.

The primary benefits of a VA Purchase are...

  • Zero Down Payment. VA Loans are one of the only 0% down home loans for qualified borrowers available on the market
  • No PMI. VA Loans are government backed, so wholesalers do not require you to buy Private Mortgage Insurance
  • VA guaranty gives us lenders a greater degree of safety and flexibility. Typically giving you lower & more competitive rates

How do I qualify?

The Department of Veterans Affairs doesn’t issue the home loans; brokers & wholesalers do. But, the VA insures a portion of the loan in case of default. While a VA home loan qualifying requirements are much more relaxed than that of a conventional loan, you’ll still needs to have a decent credit score and sufficient income.

Some other eligibility requirements include...

  • The home must be your primary residence.
  • You must have a valid certificate of eligibility from the VA.
  • A VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.

Why us?

We’re transforming the way people think about financing their home. We’re also building a team that proactively tackles the challenges that come with getting a mortgage. Learn more about why we do what we do.

Fixed vs Adjustable?

For most loan types we offer, you have the option of choosing between a fixed or adjustable rate. We explain the benefits and drawbacks of each so that you can make the best decision for your situation.

** Nevada Home Loans is a VA approved lender; Not endorsed or sponsored by the Department of Veterans Affairs or any other government agency.