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Elko County, Nevada VA Loans & VA Loan Info

university of nevada elko county

University of Nevada

2021 $0 down, VA home loan limit for Elko County is $548,250.

Situated in a triangle between Boise, Idaho, Reno, Nevada and Salt Lake City, Utah, Elko County is in the prime location for residents to get the best of big city offerings as well as the natural amenities of the great outdoors.

The county is readily available to the many military bases in the area, with Hill Air Force Base and Fort Douglas Army Base acting as the hubs of activity.

Named after Elko, the county seat of Elko County, the county was established in 1869 when Lander County was broken up. Originally, like much of Nevada, mining operations were what drew newcomers to Elko County. After the discovery of silver ore, the county experienced a population boom. Aiding population growth was the introduction of the Central Pacific Railroad, which ran through the county.

Today there are just under 50,000 citizens residing in Elko County. Elko County ranks as the fourth largest county within the continental United States.

Elko differs from many frontier areas as a result of the 1874 establishment of The University of Nevada. Not many nineteenth century mining counties could brag of being home to one of the regions premier academic institutions. Perhaps even more lauded by local residents is being home to this country’s last reported stagecoach robbery and murder, which took place in Jarbidge Canyon on December 5, 1916.


Maximum VA Appraisal Fees Allowable In Elko County:

Elko County, Nevada homes for sale

  1. Single Family: $450
  2. Condominium: $450
  3. Manufactured Housing ( including modular): $450
  4. Duplex $500
  5. Triplex $600
  6. Fourplex $600
  7. Repair Certification $100

The scenery of the Ruby Mountains running through northeastern Nevada, providing natural borders with both Idaho and Utah, has been the catalyst to an influx of new residents in the areas surrounding Elko County. The predominant trend in the country, pertaining to population growth, is generally increased home prices. However,  in Elko County, the average three bedroom, two bath single family home can still be found in the mid-$200,000 range.

Veterans who live in Elko County in need of medical or support services benefit from the VA Clinic located in the township of Elko.

Veterans living in Elko are also eligible for a property tax exemption, contingent upon 90 days of active duty service, continuous. For an exact tax exemption rate, contact the local assessor. A surviving spouse exemption as well as a disabled veteran exemption is available to qualified individuals.

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Contact VA Home Loan Centers to be matched with a licensed real estate agent.


Links

  1. Nevada VA Loan Information: https://www.vahomeloancenters.org/nevada-military-mortgage-home-loan-limit-info/
  2. VA Loan Information by State: https://www.vahomeloancenters.org/va-loan-limit-maximum-va-loan-amount/