Texas vet loans
Texas Veteran Loan was started in 1946 when the Texas Legislature created the Texas Veterans Land Board, to help Veterans acquire land after the war. After then in 1983, Home Loans are added to the program.
If you are planning to buy Land in Texas then you can contact The Texas Veterans Land Board. It is a self-funding organization depending primary on the sale of bonds. They are able to reduce the interest rate of fixed home loan program for Veterans from Texas through the sale of these Bonds. In all cases, the interest rates are below market.
The Texas Veterans Land Board changes Interest Rates every week. Listed above, you will find what rates are in this week, for 15 and 30 Year fixed rate Home Loans. There are additional rate discounts available, and you will find these listed on the "Q & A" page.
Texas vet home loans are provided at reduce interest rate to eligible Texas Veterans by the Texas Veterans Land Board and approved lenders. You can obtain some additional discounts through the Veterans with Disabilities program that in this case must be with a compensational VA disability rated at 50% or higher and the Qualified Service Era program (Veterans served on active duty prior to 1/1/1977 but discharged from active duty for less than 30 years).
Current rate for the loan is 5.98% for loans with more than a 15-year term. TVLB approval is requires for Texas Vet Loan prior to locking your rate.
Main Qualifications for the Texas veterans Loan Plan:
• Persons served in Army, Air Force, Coast Guard, Marines, Navy, National Guard or Person served actively in the Public Health Service for 90 Days Minimum.
• Honorable Discharge
• General Discharge (under honorable conditions)
• Have Served after September 16, 1940.
• And planning to use this for your Primary Residence.
Person applying for the Loan should fulfill any of the below requirements
• Active Military and already living in Texas
• Active Military and PCS'ing to Texas
• The Applicant s Home was Texas when he entered Military service *
• The Applicants Home was Texas when he exited from Military service *
• Applicants Legal Home has been Texas for last 12 Months *
• Active Military must file form DD2058 to change home of residence on LES to Texas *
(* Home is defined by Legal Home of Record)
So What Do I Need to Get Started
• Statement of Service (if active)
• Copy of your Orders to a Texas Base (if active)
• You Will Need Your DD214 Form (if retired)
• Proof of VA Rated Disability (if existing)
• Copy of your LES (if active)
• Need you to fill out Texas Vet Forms on this site
• Contract to Purchase (if you have)
• Sales Price of Prospective Home
Veterans who are eligible for home loan benefits are also entitled to a mortgage loan with no down payment. A VA loan can be used to purchase a new or existing home, or for the refinancing an existing mortgage.
How to get the VA Loan
First you should visit a lender. While VA cannot recommend a specific lender, one should start with the bank or credit union with you are currently doing business. Another option is that to ask friends or relatives for a recommendation. To get a list of lenders that do business in your location you should visit the VA E-Lenders nationwide query.
The lender can get a VA Certificate of Eligibility online otherwise you can request a certificate directly from VA.
The next step for you to is to find a home. Once you have found a property, the lender will order a VA appraisal (determination of value of property) and walk you though the closing process but it depending on market conditions. It often takes a couple of days but in some cases it may take several weeks.
Texas Vet Loans Limit
Texas Vet limit just increased to $325,000
The Week is September 1 - 8th, 2006
The Week is September 1 - 8th, 2006
15 Year Fixed 30 Year Fixed
5.73% 5.98%
(5.91% Apr) (6.13% Apr.)
Interest Rate Discounts:
One or more of the following discounts may apply.
• Loans with a term of 15 years -0.25%
• Qualified Veterans with 50% Disabilities -0.35%
• Qualified Service Era Discount
Details (Restricted Pool) -1.33%
You can contact for details information from any of these offices listed below:
Addresses of VA Regional Offices:
VA Regional Office
6900 Almeda Road
Houston, Texas 77030-4200
713/ 383-1999
1-800-827-1000
Regional Counsel: 713/ 383-2652
VA Regional Office
One Veterans Plaza
701 Clay
Waco, Texas 76799
254/ 299-9010
1-800-827-1000
Regional Counsel: 254/ 752-6581,Ext.5300
VA LOAN GUARANTY
VA Loan Service Center
VA Regional Office - Houston
1-888-232-2571 (From TX, OK, AR, LA)
Regional Counsel: 713/ 383-2652
VA Regional Office
One Veterans Plaza
701 Clay
Waco, Texas 76799
254/ 299-9010
1-800-827-1000
Others: 713/ 383-1804
VA Appraisal & Construction
VA Regional Office Houston
713/ 383-3117
VA Listings (For TX, OK, AR, LA)
Fax on Demand: 281/ 491-8331
Loan Guaranty Eligibility Center
P.O. Box 20729
Winston-Salem, NC 27120
1-888-244-6711
Email: NCELIGIB@vba.va.gov
VA Service Center
210/ 699-2323
VA Outpatient Clinic
1502 E. Airline, Suite 40
Victoria, TX 77901-4154
361/ 582-7700
VA CBOC
215 South Dr. E. E. Dunlap
San Diego, Texas 781384
361/ 279-3378
Mon. Fri., 8:00 5:00
BEEVILLE (BEE CO)
VA CBOC
302 South Hillside Drive
Beeville, Texas 78102
361/ 358-9912
Mon. Fri., 8:00 5:00
BRIDGEPORT (WISE CO)
VA CBOC
808 Woodrow Wilson Ray Circle
Bridgeport, Texas 76426
940/ 683-2297
Mon. Fri., 8:00 a.m. 8:00 p.m.
Sat., 8:00 Noon; Sun., 1:00 5:00
BROWNWOOD (BROWN CO.)
VA CBOC
125 South Park Drive, Suite A
Brownwood, Texas 76801
325/ 641-0568
Mon. Fri., 8:00 4:00
BRYAN/ COLLEGE STATION (BRAZOS CO)
VA CBOC
1605 Rock Prairie, Suite 212
College Station, Texas 77845
979/ 680-0361
Mon. Fri., 8:00 4:00
VA CBOC
Highway 83 North
P.O. Box 1030
Childress, Texas 79201
940/ 937-3636
Mon. Fri., 8:00 5:00
Sat., 9:00 3:00; Sun., 1:00 5:00
CLOVIS, NEW MEXICO
VA CBOC
921 Llano Estacado
Clovis, New Mexico 88101-3809
505/ 763-4335 or 4346
Mon. Fri., 7:00 3:30
DENTON (DENTON CO)
VA CBOC
1701 Broadway
Denton, Texas 76201
940/ 898-1847
Mon. Fri., 8:00 Noon;
1:00 4:30
EASTLAND (EASTLAND CO)
VA CBOC
400 West Plummer Street
Eastland, Texas 76448
254/ 629-1744
Mon. Fri., 8:00 5:00
GALVESTON (GALVESTON CO.)
VA CBOC
6115 Avenue L
(Note: Also See Texas City)
Galveston, Texas 77551-1089
Appointment Center: 1-800-310-5001
409-741-0256, FAX: 409-740-1536
Mon. Fri., 8:00 4:30
GREENVILLE (HUNT CO)
VA CBOC
4311 Wesley Street
Greenville, Texas 75407
903/ 455-5958
Mon. & Fri., 8:00 5:00
Tues. Wed.-Thurs., 8:00 6:00
If you would like to know more about the VA's Home Loan Program, you may can look at the VA's national websites.
Other Articles
