The Texas VA Home Loan Program - Save Money

Buying a home is one of the largest, most important financial decisions you will ever make. While there may be many different lending programs available, the Texas VA Home Loan Program is probably going to be your strongest option, offering you greater purchasing power. Please contact us to have one of our VA specialists visit with you to see if you are eligible. We have VA specialists standing by for your convenience.

Buy a $417,000 Home With No Down-Payment

The Texas VA Home Loan Program is designed to assist our military personal and certain surviving family members to show appreciation to you in the purchase of your new home. The Texas VA Home Loan Program requires no down payment and has very low interest rates compared to a conventional mortgage loan. The maximum loan amount in Texas is $417,000.

Thousands of Texas Veterans Take Advantage of Their Benefits Every Year

There are specific requirements for both loan applicants and for the property purchased with the VA home loan. Criteria for who may apply for and receive a VA loan have been laid out by the government. Applicants must meet minimum length-of-service requirements, and must have been discharged honorably. Homes must pass a rigorous safety and construction inspection and any faults must be corrected prior to settlement. While there are more requirements that must be met for the VA Home Loan Program, the benefits received by those who qualify are well worth the extra effort.

Benefits of the Texas VA Loan Program

• 100% Financing Available - A down-payment is not required for the Texas VA Loan Program with a loan amount up too $417,000.
• Historically Low Interest Rates - Rates are at a 60 year low, the time to borrow has never been cheaper.
• Less Restrictions for qualifying - A Texas VA Home Loan Program is easier to qualify for than a conventional mortgage loan.
• No Prior Texas Residency Restrictions - No matter where you entered the military in the United States, as long as you are wanting to buy a home in the great State of Texas as your primary residence.
• Little or No Money Out of Pocket - The seller can pay all of your closing cost up to 6% of the sales price.
• VA Loans Are Reusable - Veterans who used the Texas VA Home Loan Program previously may obtain another new loan, subject to current eligibility and funding requirements.
• VA Loans Can Be Assumed When You Go To Sell - If another qualified Veteran wants to buy your house then they can take over the mortgage.
• Private Mortgage Insurance (PMI) - Since the Veterans Administration insures your loan, PMI is therefore waived. With this fee being waived, it will give you the lowest payment possible.

Deduct Your Interest and Taxes Every Year - Save Money!

There many other advantages of owning a home. When you buy a home, you are allowed to deduct your mortgage interest and property taxes. This is by far the largest tax write-off most people will ever have. This could can mean saving you literally thousands of dollars every year. When you pay rent that money is getting thrown away and you will never see a return on it. When you buy a home, every month when you make the mortgage payment you are paying a little bit towards the principle to eventually own the home free and clear. We encourage our home buyers to pay a little bit more per month above their mortgage payment; this will allow you to pay the house off in a much faster time frame. Please (click here) to talk with a VA loan Specialist to see if you qualify for the Texas VA Home Loan Program.

Gain Equity

Another great value of owning a home is over time your house will gain in value with inflation. This can allow you to have a substantial amount of equity you can use for retirement or to move up to a better house. In most areas of Texas eager buyers can find incredible prices on homes, with many priced below the cost of construction. Even though Texas was sheltered from the national mortgage meltdown, with the bursting of the housing “bubble,” homes are once more becoming affordable.

Pride Of Home Ownership

A substantial non-monetary advantage to owing a house is the personal satisfaction of being a home owner and putting down roots in a neighborhood. Being able to make improvements to the house and make it how you want it. Also, having the peace of mind and security that one day it will be paid off and you will have a very low cost home to live in. In fact, that most purchasers often overlook, homes—unless purchased for cash—are a leveraged purchase. Most buyers only put a small cash investment towards their purchase, and when the return on the actual investment is calculated, the results can sometimes be dramatic. And while this is not to encourage purchasing for investment potential, the long-term benefit can be a pleasant surprise.

Get Started Now!

So as you can see, the Texas VA Home Loan Program is really a fantastic benefit to those that qualify. If you are renting or want to buy your next home utilizing you benefits for 100% financing the time has never been better.