Question 1

How much does the VA funding fee cost?

Accepted Answer

For first-time use with $0 down, the funding fee is 2.15% of the loan amount on the 2026 schedule; subsequent use is 3.3%. Veterans receiving compensation for a service-connected disability are typically exempt. The fee can be financed into the loan rather than paid in cash.

Question 2

Do VA loans really have no monthly mortgage insurance?

Accepted Answer

Correct. VA loans never carry PMI or monthly mortgage insurance — one of the biggest monthly-payment advantages over a low-down conventional or an FHA loan, where insurance can add hundreds per month.

Question 3

What is an IRRRL, and do I qualify?

Accepted Answer

The Interest Rate Reduction Refinance Loan is the VA streamline. If you already have a VA loan, it lets you refinance to a lower rate with minimal documentation — often no new appraisal and no income verification.

Question 4

Why work with a direct local lender instead of a big bank?

Accepted Answer

A big bank hands you one rate sheet and a 1-800 number. Valley West lends directly here in Las Vegas — we price your loan in-house, keep underwriting local, and answer the phone when you call. Lower rates, fewer hands in your file, and straight answers from people who know Clark County.

Question 5

How fast can a Las Vegas VA purchase close?

Accepted Answer

Most VA purchases in Clark County close in about 30 days from accepted offer. IRRRL refinances frequently close in 15–21 days, depending on appraisal scheduling, title, and document turnaround.

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