Texas Vet Loan and Texas VA Loan Benefits

Texas Vets are fortunate to have two awesome programs available to them for home financing. For veterans with disabilities, the Texas Vet loan sponsored by the Texas Veterans Land Board offers unbeatable rates for those who qualify. In addition, the Texas VA loan program offers many benefits not available with other types of financing:

Both programs offer the following benefits…

• There is no down payment requirement from the borrower(s)
• No monthly mortgage insurance premium (MIP)
• Credit requirements are often more flexible than other programs
• Some, or all of the buyers closing costs can be paid by the seller
• Rates are often more attractive than other programs
• No Funding Fee requirement for any veteran receiving 10%-100% disability

Texas Vet with Disabilities

The Texas Vet Land Board (VLB) offers an additional 0.5% discount on an already great rate for Veteran’s with Disabilities residing in Texas.

Texas VA Loan Program

As of January 1, 2020 there is NO LOAN LIMIT and NO DOWN PAYMENT requirement for a VA Guaranteed Loan.

In addition to veterans who have served and were honorably discharged, it’s important to note that most active-duty personnel are often eligible for a Texas VA Loan, or a Texas Vet Loan through the Texas Veterans Land Board (VLB).