The Texas Vet Loan is a home financing program intended particularly for Texas veterans. The Texas Veterans Land Board (VLB) offers this program, which gives low-interest home loans to veterans who want to purchase an existing home, purchase a new home or refinance a construction loan in the state of Texas. It provides additional benefits beyond those accessible through normal VA loans.
How It’s Different from a standard VA Loan
Texas Vet Loan rates can offer big savings compared to standard mortgage rates. Unlike the federal VA home loan, which is available nationwide, the Texas Vet Loan is a state benefit designed just for Texas Veterans. Many Veterans use a VA home loan as their main mortgage and then add the Texas Vet Loan to secure lower interest rates. This is a great option for Veterans with lower credit scores, because Texas Vet Loan rates do not change based on your credit score — helping you lock in a low, stable rate.
Top Benefits for Texas Veterans
The Texas Vet Loan offers set interest rates, a variety of term options, and no prepayment penalties. It is accessible for both new home purchases and construction loan refinances. This flexibility can result in significant savings over time and provide Texas veterans with more financial control over their future.
Who is Eligible?
To qualify, you must:
- Be a legal resident of Texas on the date you apply.
- Be at least 18 years old.
Eligible Service Members Include:
- Active-duty military personnel.
- Members of the Texas National Guard.
- Reservists who have completed at least 20 qualifying years for retirement.
- Veterans who have served at least 90 active-duty days (unless discharged sooner due to a service-connected disability) and were not discharged dishonorably.
- Surviving spouses of Veterans listed as missing in action or whose death was service-connected.
Take the Next Step.
At VALoansTexas.com, we help veterans understand their options and select the best loan package. If you’re thinking about a Texas Vet Loan, call our team now to get started with a trustworthy guide by your side.
