Crystal Elijah-Ramos • October 26, 2026

If you're a veteran planning to purchase a home in Las Vegas or Henderson, you may already know that VA home loans offer some incredible benefits. But there's one benefit that many eligible veterans overlook, and it could save you thousands of dollars when buying a home.


You may be exempt from paying the VA funding fee.

As a Military Relocation Professional (MRP) and the spouse of a veteran, I understand how important it is to know which benefits are available before starting the homebuying process.


Let's break down what the VA funding fee is, who may qualify for an exemption, and why it matters when purchasing a home in Southern Nevada.


What Is the VA Funding Fee?


The VA funding fee is a one time fee that many borrowers pay when using a VA home loan.

This fee helps support the VA home loan program, which offers qualified borrowers benefits such as purchasing a home with no down payment and no monthly private mortgage insurance.

The funding fee is separate from your other closing costs. Depending on your situation, you can typically pay it at closing or finance it into your mortgage.

However, not every veteran is required to pay it.


Who Qualifies for a VA Funding Fee Exemption?


According to the Department of Veterans Affairs, several groups may qualify for an exemption.

These include:

  1. Veterans receiving VA compensation for a service connected disability.
  2. Veterans eligible for service connected disability compensation who receive retirement or active duty pay instead.
  3. Eligible surviving spouses receiving Dependency and Indemnity Compensation (DIC).
  4. Service members with a qualifying proposed or memorandum disability rating before closing.
  5. Active duty service members who provide evidence of receiving a Purple Heart on or before closing.

If you fall into one of these categories, you may not have to pay the funding fee when purchasing your home.

Important: You do not necessarily need a 100% disability rating to qualify. Eligibility depends on your VA compensation or other qualifying exemption status, not simply on having a particular disability percentage.


How Much Money Could This Save You?


A VA funding fee exemption could save eligible veterans thousands of dollars when purchasing a home.

For example, on a $400,000 home purchase with no down payment, a first time VA loan borrower could save approximately $8,600 in funding fees.

That's a significant savings that could make buying a home in Las Vegas or Henderson more affordable.

And because the funding fee is often added to the mortgage, being exempt could also mean a lower loan balance and less interest paid over time.


What If You've Used Your VA Loan Before?


Here's another detail worth understanding.

Veterans can potentially use their VA home loan benefit more than once.

For borrowers who are not exempt, the funding fee on a subsequent VA purchase loan with less than 5% down is generally 3.3%.

On a $400,000 loan, that's $13,200.

But if you qualify for a funding fee exemption, the exemption can apply even when you're using your VA home loan benefit again.

That can make a significant difference for veterans looking to sell their current home and purchase another property in Las Vegas, Summerlin, Henderson, or surrounding communities.


What Happens If Your VA Disability Benefits Are Approved After Closing?


This is something I especially want veterans to understand.

You may still qualify for a funding fee refund if your VA disability compensation is approved after your home purchase.

The important factor is the effective date of your compensation.

If your compensation award has an effective date that is retroactive to before your loan closing date, you may be eligible for a refund of the funding fee you paid.

However, an approval after closing does not automatically guarantee a refund. Your specific eligibility must be reviewed.

If you believe you qualify, contact your VA Regional Loan Center or mortgage servicer to discuss the process.


Does a Funding Fee Exemption Mean You Have No Closing Costs?


Not necessarily.

This is one of the biggest misunderstandings about VA financing.

Being exempt from the VA funding fee does not mean every expense associated with purchasing a home disappears.

Depending on your transaction, you may still have costs associated with your appraisal, title services, prepaid taxes, homeowners insurance, and other permitted closing expenses.

The good news is that there may be ways to negotiate seller contributions toward eligible closing costs.

This is where having a real estate agent and lender who understand VA financing can make a difference.


Buying a Home Near Nellis or Creech Air Force Base?


Southern Nevada has a strong military and veteran community, including those stationed at Nellis Air Force Base and Creech Air Force Base.

Whether you're relocating to Las Vegas for a military assignment, transitioning out of active duty, or purchasing your retirement home, understanding your VA loan benefits before shopping can help you make more informed decisions.

From newer construction in Henderson to established neighborhoods in Northwest Las Vegas, there are many options worth exploring.

The important thing is knowing your budget, your financing options, and which benefits may apply to your situation.


What Should You Do Before Starting Your Home Search?


Before touring homes, I recommend speaking with a lender experienced in VA financing and confirming your eligibility.

Your lender can help review your Certificate of Eligibility, verify your funding fee status, and explain how your benefits affect your estimated mortgage payment and closing costs.

You should also understand how your purchase budget fits your monthly payment comfort level, not just the maximum amount you may qualify to borrow.

Once those pieces are in place, the home search becomes much more productive.


Let's Make Sure You Understand Your Options


Buying a home is a major financial decision, and veterans deserve to understand the benefits they've earned.

As a Las Vegas native, a licensed real estate professional since 2001, a Military Relocation Professional, and the spouse of a veteran, I'm passionate about helping military families and veterans navigate the local housing market with confidence.

If you're considering purchasing a home in Las Vegas, Henderson, Summerlin, or anywhere in Southern Nevada, I'd be happy to help you explore your options and connect you with experienced VA lending professionals.


Crystal Elijah-Ramos

Broker Salesperson | Signature Real Estate Group

BS.0145503

Call or Text: 702-749-4893

Website: vegasborncrystal.realtor


This article is for general educational purposes. VA loan eligibility, funding fee exemptions, refund eligibility, and loan terms should be confirmed with the Department of Veterans Affairs and your mortgage lender.

By Crystal Elijah-Ramos • October 19, 2026
Buying New Construction in Las Vegas With a VA Loan: What Veterans Should Know If you're a veteran or active duty service member thinking about buying a newly built home in Las Vegas, you might be wondering whether you can use your VA home loan benefit with a builder. The answer is yes! But there are a few things you should understand before walking into a model home and signing a contract. As a Las Vegas native, a Military Relocation Professional (MRP), and the spouse of a veteran, I've seen how valuable the VA home loan benefit can be. My husband and I used his VA loan benefit when we purchased our new construction home in 2020, and it gave me an even greater appreciation for this financing option. However, buying new construction is different from buying an existing home. Between builder contracts, deposits, upgrades, incentives, appraisals and construction timelines, there are several things I want my VA buyers to understand before they begin. Can You Use a VA Loan to Buy a New Construction Home? Absolutely. Eligible veterans, active duty service members and certain surviving spouses may be able to use a VA backed purchase loan to buy a newly constructed home. In many cases, buyers can purchase with no down payment, provided they qualify and the purchase price does not exceed the appraised value. VA loans also do not require monthly private mortgage insurance. That can make a significant difference when you're comparing the overall cost of purchasing a new home. But remember, being eligible for a VA loan doesn't automatically mean you're approved for a mortgage. Your lender still needs to review your income, credit, debts and other financial qualifications. Not Every Builder Handles VA Financing the Same Way One of the first things I recommend is confirming that the builder accepts VA financing for the particular home and transaction. Many builders throughout the Las Vegas Valley work with VA buyers, but financing options, lender requirements, incentives and construction arrangements can vary. Some builders offer preferred lender incentives. Others may have different deposit requirements or contract provisions. Before you commit to a home, we want to understand exactly what the builder is offering and what obligations you're agreeing to. Where Can You Find New Construction in Las Vegas? There are new construction opportunities throughout Southern Nevada, and the right community depends on your budget, preferred location and the type of home you're looking for. Summerlin and Summerlin West: Buyers can explore newer villages, different builders, attached and detached homes, and communities with access to western valley amenities. Henderson: Areas such as Cadence, Inspirada and Lake Las Vegas offer different styles of new construction, locations and community amenities. Southwest Las Vegas: Depending on available inventory, buyers may find new homes in growing southwest neighborhoods and surrounding areas. Northwest Las Vegas: Communities throughout the northwest offer additional opportunities to compare builders, floor plans and price points. For military buyers relocating to Nellis Air Force Base or Creech Air Force Base, I also recommend evaluating actual commute routes before selecting a community. A home that looks close on a map may not provide the commute you expected. The Builder's Sales Representative Works for the Builder This is something I always want buyers to understand. When you walk into a model home, the sales representative is there to represent the builder's interests. That doesn't mean they aren't helpful. It simply means their role is different from having your own real estate representation. As your Realtor, I can help you compare communities, review available homes and builder incentives, evaluate lot premiums, coordinate with your lender and navigate the process from contract to closing. My recommendation is to contact me before your first builder visit. Some builders have specific requirements about registering your Realtor during the initial visit. You don't want to discover those requirements after you've already registered or signed paperwork. Understanding Builder Deposits and Earnest Money One misconception about VA loans is that no down payment means you won't need money when purchasing a home. That's not necessarily true. A builder may require an earnest money deposit or additional deposits for certain upgrades and selections. Those deposits are different from a down payment. Your builder contract determines when deposits are due, whether they can be credited toward closing and under what circumstances they may be refundable or forfeited. This is particularly important with new construction because buyers may commit funds months before the home is completed. Before signing, make sure you understand the deposit schedule and the contract's cancellation provisions. Builder Incentives: What Should VA Buyers Look For? Builders sometimes advertise incentives such as closing cost assistance, interest rate buydowns or credits toward upgrades. Those incentives can be valuable, but the details matter. For example, a builder might offer a substantial incentive if you use its preferred lender. That doesn't automatically mean the preferred lender offers the best overall financing. We should compare the interest rate, annual percentage rate, closing costs, lender fees and the actual value of the incentive. VA loans also have rules governing allowable fees and seller concessions, so the lender should confirm how any incentive can be applied. I want buyers to understand the entire transaction, not just the advertised incentive amount. What About Upgrades and Lot Premiums? One of the most exciting parts of new construction is choosing a home that fits your preferences. But model homes often include features that aren't part of the advertised base price. You may be paying separately for items such as: Upgraded cabinets and countertops Flooring Electrical and lighting packages Structural options Larger or premium homesites Extended patios Additional garage features Landscaping packages Those costs can add up quickly. And with VA financing, there's another important consideration: the appraisal. The VA Appraisal and New Construction A VA appraisal is generally required for a VA backed purchase loan. The appraisal helps the lender determine the property's value and whether it meets applicable VA Minimum Property Requirements. This is important when purchasing new construction because your final contract price may include upgrades and lot premiums. The appraiser may not value every upgrade at the amount you paid for it. If the property appraises below the contract price, your lender and builder will need to help you evaluate the available options. Depending on the contract and circumstances, those might include renegotiating the price, changing financing arrangements or bringing additional funds. Don't assume the builder will automatically reduce the price. Before committing to expensive upgrades, it's worth discussing how those choices could affect the transaction. Do You Still Need a Home Inspection on a Brand New House? I strongly recommend considering one. A newly constructed home may have brand new appliances, roofing, electrical systems and plumbing, but that doesn't mean an independent inspection has no value. A home inspection and a VA appraisal serve different purposes. The VA appraisal is not a substitute for a comprehensive home inspection. Depending on the construction stage and builder access policies, buyers may consider inspections during construction and before closing. We should also review the builder's orientation process, warranty coverage and procedures for reporting concerns. Construction Timelines and Your VA Loan Another difference between new construction and resale homes is the timeline. Some builders offer completed or nearly completed inventory homes. Others sell homes that are still under construction or haven't started yet. If you're relocating from another state, timing can become especially important. We need to coordinate your anticipated move, current housing arrangements, financing and the builder's estimated completion date. Construction delays can happen, and estimated completion dates aren't always guaranteed. Your lender should also explain how the anticipated closing date could affect your mortgage rate lock and whether extensions might carry additional costs. What About the VA Funding Fee? Some VA borrowers pay a one time VA funding fee, which helps support the loan program. The amount depends on factors such as the type of loan, down payment and whether you've used your VA benefit before. Certain eligible borrowers are exempt from the funding fee. Your lender can review your Certificate of Eligibility and confirm whether the fee applies to your transaction. This is something to discuss early so you understand your estimated cash needed at closing. Can You Use Your VA Loan Benefit More Than Once? Yes, potentially. Many veterans don't realize that using a VA home loan benefit once doesn't automatically mean they can never use it again. Depending on your available entitlement, existing VA loans and other qualification requirements, you may be able to use the benefit for another purchase. This is especially relevant for veterans who purchased a home years ago and are now relocating to Las Vegas. Your lender can help determine how much entitlement is available and what options you may have. My Advice Before Visiting New Construction Communities If you're planning to use your VA benefit for a new construction home in Las Vegas, here's what I recommend: Speak with a lender experienced in VA financing. Confirm your eligibility and estimated purchasing power. Contact your Realtor before registering with builders. Compare multiple communities and builders. Understand what the advertised price actually includes. Review deposits, incentives and upgrade costs. Discuss appraisal considerations before committing to expensive options. Consider independent inspections. Review the builder's estimated completion timeline. Understand the final closing process before signing. Buying new construction can be exciting, especially when you're relocating and want a home that fits your next chapter. The key is understanding the process before making commitments. Thinking About Buying New Construction in Las Vegas With a VA Loan? Whether you're relocating to Southern Nevada, moving closer to Nellis or Creech Air Force Base, or already living in Las Vegas and ready for a new home, I'd be happy to help you explore your options. As a Las Vegas native, Military Relocation Professional and spouse of a veteran, I understand both the real estate side of the transaction and the importance of making informed decisions when using your VA benefit. You don't have to figure out the builders, communities and financing details on your own.  Let's start by talking about what you're looking for and which areas of the Las Vegas Valley make the most sense for you. Crystal Elijah-Ramos Vegas Born Crystal Broker Salesperson | Signature Real Estate Group Nevada License BS.0145503 Call or text: 702-749-4893 vegasborncrystal.realtor
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