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Rates current as of 09/14/2020 are provided by the Texas Veterans Land Board. Sample monthly Principal and Interest (P&I) payment of $1,050.03 is based on a purchase price of $300,000, down payment of 20%, 30 year fixed rate mortgage and rate of 2.92% / 3.109% APR (annual percentage rate). Advertised rates and APR effective as of 09/08/2020 and are subject to change. Above scenario assumes a first lien position, 680 FICO score, 30 day rate lock on a primary residence and are subject to change without notice. Subject to underwriting guidelines and applicant’s credit profile. Sample payment does not include taxes, insurance or assessments. Not all applicants will be approved. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Contact Guaranteed Rate for more information and up to date rates.

Review this week’s 15 and 30 year Texas Veterans Land Board mortgage rates and see if this type of mortgage is right for you. Compare options and projected payments. These 15 and 30 year mortgage scenarios are based on current Texas Veteran Land Board mortgage loan rates for the purchase of a single-family, primary residence in the state of Texas underwritten as a Conventional Loan, and assumes the loan will have an escrow account.

15 Year Fixed Rate Loan

  • Origination Fee: 1%
  • Participation Fee: 1%
  • Interest Rate: 2.92%
  • APR: 3.109%
  • Loan Amount: $240,000
  • Down Payment: 20%
  • Term: 15 Year
  • Monthly Principal and Interest: $1,565.36
  • Closing Costs: $10,337
  • VA Disability Rating: 0%

30 Year Fixed Rate Loan

  • Origination Fee: 1%
  • Participation Fee: 1%
  • Interest Rate: 2.92%
  • APR: 3.109%
  • Loan Amount: $240,000
  • Down Payment: 20%
  • Term: 30 Year
  • Monthly Principal and Interest: $1,050.03
  • Closing Costs: $10,337
  • VA Disability Rating: 0%

 

 

 

 

 

 

 

General Disclosures

  • Sample payment does not include taxes, insurance or assessments.
  • The displayed Annual Percentage Rate (APR) is a measure of the cost to borrow money expressed as a yearly percentage. For mortgage loans, excluding home equity lines of credit, it includes the interest rate plus other charges or fees (such as mortgage insurance, discount points, and origination fees). For home equity lines, the APR simply reflects the interest rate. When shopping for a mortgage, you can use the APR to compare the costs of similar loans between lenders.
  • The estimated total closing costs above do not constitute and are not a substitute for a loan estimate, which includes an estimate of closing costs, that you will receive once you apply for a loan. The amounts provided above for Estimated Total Closing Costs, are estimations based on the Texas Veteran Land Board mortgage loan program selected. This is NOT a mortgage loan approval or commitment to lend. The actual fees, costs and monthly payment on your specific loan transaction may vary, and may include city, county or other additional fees and costs.