Veterans in Texas have two excellent home loan benefit programs. The VA housing loan is backed by the Department of Veterans Affairs loan program which provides extra benefits for Veteran borrowers. The Texas Veteran housing assistance program is sponsored by the Texas Veteran Land Board. The benefits of these programs include:

• • 100% financing – no down payment required
  • All closing costs can be paid by the seller, up to 4% of the home’s purchase price (excluding pre-paid items)
  • Pre-paid items (taxes, insurance and escrow account) can be paid by the seller
  • Flexible credit requirements
  • VA Jumbo Loans available for loan amounts over $726,200 (VA only)
  • No private mortgage insurance (PMI)
  • Low 30 and 15 year fixed rate loans comparable to conventional loans with 20% down payment
  • No VA funding fee if the Veteran receives VA disability
  • VA Streamline Refinances available to lower payments when rates drop

Additional Benefits for the Texas Veteran Mortgage Program Only

• • Excellent low fixed rates on 15 & 30 year loans
  • Additional 0.5% interest rate discount for Veterans with 30% or greater service-connected disability

You don’t have to separate from the Military in order to be eligible for a Veteran Mortgage and buy a house. Most active duty personnel are also eligible for the Texas Vet & VA housing benefits mentioned above.

To get started with a Texas Vet or VA Loan today, call us or fill out the short form on this page and we’ll help you get pre-qualified for a Texas Vet or VA Home Loan