2025 VA LOAN REQUIREMENTS
Key Takeaways - VA Loan Requirements Nevada 2025:
Complete eligibility guide for Nevada veterans including service requirements, credit scores, income qualifications, and Nevada-specific loan limits
Quick Answer: To qualify for a VA loan in Nevada, you need eligible military service (90+ days active duty or 6+ years Guard/Reserve), a Certificate of Eligibility (COE), minimum 580 credit score (620 preferred), stable income, and the property must meet VA minimum property requirements. No down payment or PMI required. 2025 Nevada loan limit: $806,500.
QUALIFICATION STANDARDS
Unlike conventional loans that focus solely on DTI ratio, VA loans require sufficient residual income – the amount left over each month after paying major expenses. Nevada falls under the Western Region with specific tables based on family size and loan amount.
Minimum monthly residual income required for VA loan approval
| Family Size | Required Residual Income |
|---|---|
| 1 person | $450 |
| 2 persons | $755 |
| 3 persons | $909 |
| 4 persons | $1,025 |
| 5+ persons (add per person) | +$80 |
| Family Size | Required Residual Income |
|---|---|
| 1 person | $491 |
| 2 persons | $823 |
| 3 persons | $990 |
| 4 persons | $1,117 |
| 5+ persons (add per person) | +$80 |
Residual income = Gross monthly income - (federal/state taxes + social security + mortgage payment + HOA + utilities + debt payments + child care + job expenses)
Example: Family of 4 in Las Vegas with $400K loan needs $1,117/month left over after all expenses. This is in ADDITION to meeting DTI requirements.
Understanding your VA loan benefit amount
This basic entitlement allows loans up to $144,000 with $0 down (4:1 ratio). For loans above $144K, you use bonus entitlement.
Most Nevada veterans have unlimited entitlement, meaning you can buy homes of any price with $0 down (subject to lender qualification).
Note: These are the conforming loan limits. With full entitlement, you can purchase above these amounts with $0 down, but may need a jumbo VA loan from select lenders.
Common questions about VA loan eligibility, requirements, and the application process for Nevada veterans
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