VA Mortgage Loans for Veterans and Service Members in Las Vegas

If you’ve served in the U.S. Armed Forces, homeownership should not be out of reach. The VA loan program, backed by the U.S. Department of Veterans Affairs, provides affordable and flexible mortgage solutions to eligible Veterans, active-duty military personnel, reservists, National Guard members, and qualifying surviving spouses. At The Maltese Group, we proudly serve the Las Vegas community by helping our nation’s heroes access VA loan benefits with expert guidance and a streamlined approval process.

We’ve helped Veterans throughout the Las Vegas Valley, including North Las Vegas, Henderson, and Summerlin, navigate the VA home loan process with clarity and confidence.

What Is a VA Loan?

A VA loan is a government-backed mortgage available to eligible service members that allows for up to 100% financing without requiring private mortgage insurance (PMI). These loans are guaranteed by the U.S. Department of Veterans Affairs but offered through approved private lenders like The Maltese Group.

This benefit was designed to help Veterans and their families buy, build, or refinance homes under favorable terms, even without a large down payment or perfect credit. Whether you’re purchasing a primary residence in zip code 89135 or refinancing your current loan near Nellis Air Force Base, we’re here to guide you every step of the way.

Key Benefits of a VA Home Loan

• $0 Down Payment – No need for a large cash outlay to get started
• No PMI – Save monthly without private mortgage insurance
• Flexible Credit Guidelines – More forgiving of past credit challenges
• Competitive Interest Rates –Backed by the VA, lenders offer attractive pricing
• Limited Closing Costs – The VA limits what lenders can charge
• Seller-Paid Costs Allowed – Sellers can help cover your closing fees
• Streamlined Refinance Option – Reduce rates through the VA IRRRL
• Funding Fee Waivers – Available for qualified disabled Veterans

Who Is Eligible for a VA Loan?

You may qualify if any of the following apply:

• You served 90 consecutive days during wartime or 181 days during peacetime
• You completed 6 years in the National Guard or Reserves
• You are the surviving spouse of a service member who died in the line of duty
• You currently receive VA disability compensation
• You have a valid Certificate of Eligibility (COE)

Not sure if you’re eligible? Our team can help you verify your COE and guide you through every step.

Understanding the VA Funding Fee

The VA Funding Fee is a one-time cost paid directly to the Department of Veterans Affairs. It helps maintain the VA loan program for future generations of Veterans while reducing taxpayer burden. This fee does not go to the lender.

How Much Is It?

It varies based on:

• Whether this is your first VA loan or a subsequent use
• Type of service (Active Duty, Guard, or Reserve)
• Whether the loan is for purchase, IRRRL, or cash-out refinance
• Your down payment amount, if any

For example, a first-time borrower putting no money down may pay 2.15%. With 5% or more down, the fee may be as low as 1.25%.

Can It Be Financed?

Yes. You can roll the VA Funding Fee into your total loan amount and repay it over time.

Who Is Exempt?

Veterans receiving VA disability pay or those rated at least 10% disabled are exempt from paying this fee.

VA Loan Requirements in Nevada

While the VA sets basic criteria, individual lenders have added standards. Here’s what we typically look for:

• Credit Score: Preferably 600–620 or higher
• Debt-to-Income (DTI) Ratio: Typically under 43%
• Residual Income: Must meet VA’s income-after-expenses requirement
• Primary Residence: The property must be your main home
  COE: Certificate of Eligibility required
• VA Appraisal: Home must meet VA Minimum Property Requirements

We help you gather all documents and ensure your application is prepared for smooth underwriting.

What Is a VA IRRRL (Streamline Refinance)?

Already have a VA loan? The Interest Rate Reduction Refinance Loan (IRRRL), also called a VA Streamline, lets you lower your rate with minimal paperwork and no appraisal in many cases.

Benefits of a VA IRRRL

• No income or employment verification
• No appraisal required (in most cases)
• Closing costs can be included in the loan
• Simple and fast refinancing process

This option is ideal if you want to lower your rate or switch from an adjustable-rate mortgage to a fixed-rate loan.

Why Las Vegas Veterans Choose The Maltese Group

We understand the Las Vegas housing market and the unique needs of military families. Our team offers personalized guidance, competitive rates, and full transparency. Whether you're stationed at Nellis AFB or relocating to Henderson, we’ll make the VA loan process seamless.

You’ll benefit from:

• Fast pre-approvals and VA eligibility review
• Access to VA-approved lenders
• Hands-on guidance through the appraisal and funding process
• Local expertise in VA loan requirements and property types
• Support for first-time homebuyers, refinances, and COE processing