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– Build with a VA one time close construction loan,buy with a traditional va home loan, or renovate with a VA rehab loan
– $0 Down payment for VA Loans.
– No Need for Private Mortgage Insurance.
– Competitive Interests Rates.
– Lower Payments.
– Easier to Qualify.
– Relaxed Credit Standards.
Saving enough money for a down payment can be especially difficult for active duty service members who are moving from base to base. Since there is no down payment required for a VA Home Loan, many veterans can purchase a home with little to no money out of pocket.
Because the Department of Veteran Affairs guarantees each loan, interest rates are typically 0.25 to 1 percent lower than those of conventional loans.
Saving enough money for a down payment can be especially difficult for active duty service members who are moving from base to base. Since there is no down payment required for a VA Loan in Texas. Many veterans can purchase a home with little to no money out of pocket.
Apply for a Texas Veterans Home Loan “VA Home Loan“, or VA Construction loan today! We specialize in Veteran Home Loans of home-ownership to veterans who might otherwise struggle to obtain financing. VA loans require no down payment or private mortgage insurance. The VA Mortgage Loan program is the most powerful home loan program on the market for many veterans. Talk to our friendly staff today!
VA Home Loans have the same cost associated with closing as all other home loan products. There are two key differences in terms of the closing costs with a VA home loan. First, if negotiated into the purchase contract, all closing costs and prepaid items can be paid by the seller, totaling up to four percent of the purchase price. Second, the Department of Veterans Affairs charges a VA Funding Fee on every loan it guarantees.
The VA Funding Fee is paid directly to the VA and helps to pay for the VA Home Loan Program for all current and future homebuyers. The VA Funding Fee ranges from 1.25 percent to 3.3 percent but is waived for veterans with service-connected disabilities. The VA Funding Fee can be paid in full at closing or rolled into the loan at closing.
Typically, VA loan interest rates are lower when compared to Conventional and FHA loans. VA Loan Calculator can help you determine your payments.
Looking for Texas Veterans Home Loan? Join The Thousands of Happy Home-Owners!