VA Loans In Texas: VA Specialists Helping Veterans Purchase Their Dream Home

Apply for a Home Loan in Texas Today!

At Security America Mortgage, we’re proud to serve those who have served our country. We help veterans and their families to access affordable home loans in Texas, through the VA, to make their dream houses a reality.

Are you ready to start your home loan process? Then simply fill out the quick one-minute form below to get started! We’ll provide a no-obligation consultation to help you estimate how much you may be able to borrow. You can also give us a call at (866) 935-1112 .

Why Should I Get a VA-Backed Loan in Texas?

Texas is well-known for being a pro-military state and as a veteran, you can enjoy the multiple benefits it provides to its military service members including property tax exemptions, state retirement benefits, Veterans Land Board Loan Program, Texas National Guard Tuition Scholarship Program as well as Veterans’ employment preference.

In addition, home prices throughout Texas are quite affordable, for example the median sale price for a home in Dallas was $302,000 in May 2021.

Should I Choose a Texas Jumbo Loan?

VA-Backed Loans require 0% down payment in most cases, whereas conventional loans generally require at least a 3% down payment and sometimes up to 20% required; FHA loans require a minimum of 3.5% down payment. Also, with a VA Housing Loan, veterans do not have to pay any monthly mortgage insurance, which cannot be said about conventional or FHA mortgages.

Many veterans in Texas have already taken advantage of their VA benefits. With relaxed qualification standards and more flexibility, it is proven to be the right choice for many to purchase and refinance their homes. However, in most counties, the conforming loan limit with no money down is $548,250.

When your home costs more than this, the solution is a VA Jumbo Loan. A VA Jumbo Loan is any VA-Backed Loan bigger than $548,250 and qualifying veterans can apply to purchase or refinance their home for up to a value of $1,000,000 through this type of loan, plus receiving all the benefits of the general Texas VA Loan.

These are the Key Benefits that Security America can Offer you to get a Home Loan in Texas

  • Office in Houston, Texas.
  • VA, FHA, and All Home Loan Types.
  • $0 Down Payment for VA Home Loans.
  • No Need for Private Mortgage Insurance.
  • Low Interest Rates.
  • Lower Payments.
  • Easier to Qualify.
  • Relaxed Credit Standards.

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VA Home Loan Process

va loan processOur team at Security America Mortgage makes every effort to ensure the home buying process is as transparent and stress free as possible.

The benefits of a VA Loan

image 1 No down payment requirements, no monthly mortgage insurance AND usually lower interest rates are just a few of the benefits veterans receive when selecting a Veterans Affairs Backed Loan.

Apply for a VA Loan

va loan Are you ready to take advantage of your VA Purchase Loan benefits? If so, it’s simple to start the process and takes only a few minutes. No social security number needed to start!

Who’s eligible for a VA loan?

Va loans Active service members with at least 90 continuous days of service and veterans who’ve been honorably discharged from the armed forces can apply for a VA Mortgage Loan. Get started today!

VA Loan Overview

A VA Home Loan in the State of Texas is a home loan program made available to military veterans, reservists, and active-duty members for the purchase of a primary residence. The Veterans Administration does not lend money for the mortgage; instead, it guarantees the top 25 percent of the loans made by private lenders, such as Security America Mortgage, to those who are compliant with the VA Loan Eligibility criteria.

Qualified veterans can use their loan benefit to purchase a home with zero money down, no private mortgage insurance, and have the sellers pay all of their closing costs. These benefits, along with highly competitive interest rates, are making VA Home Loans in Texas the preferred loan choice for many veterans.

VA Rates and Costs

VA Home Loans in Texas have the same cost associated with closing as all other home loan products, but there are two key differences in terms of closing costs with a VA-Backed 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 Home Loan Program for all current and future homebuyers. This Fee ranges from 1.25 percent to 3.3 percent but is waived for veterans with service-connected disabilities. Also, the VA Funding Fee can be paid in full at closing or rolled into the loan at closing.

Typically, the interest rates for VA Home Loans in Texas are lower when compared to conventional and FHA loans. You can check out our VA Loan calculator to help you determine your payments!

VA Mortgage Loans Benefits

No Down Payment

Saving enough money for a down payment can be very difficult for active duty service members who are moving from base to base. With no down payment required for a mortgage loan, many veterans can purchase a home with little to no money out of pocket.

Lower Interest Rate

Because the Department of Veterans Affairs guarantees each loan, interest rates are typically 0.25 to 1 percent lower than those of conventional loans.

No Mortgage Insurance

Since the VA guarantees the lender the top 25 percent of the loan, no mortgage insurance is required. Most conventional loans require a borrower to put down at least 20 percent of the purchase price or pay mortgage insurance. Mortgage insurance can be costly and does not ever go towards reducing your principal balance.

Texas VA Loan Limits

VA Purchase Loans in Texas cover more property types than just homes and condominiums, qualified veterans can use their VA Home Loan to purchase a property that has up to four one-family units.

And as for the maximum loan amount in Texas, it is the same in every county (FHFA, 2021):

State One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit
TX $548,250 $702,000 $848,500 $1,054,500

Get Your VA Home Loan in Texas Today!

If you are ready to start the application process for your mortgage loan, fill the form below and get pre-qualified!

Contact Your Texas VA Mortgage Expert

Jason Noble

I have been in the mortgage/financing industry for many years and through all of these years, many things have become obvious to me and my associates. With my background in financing, ability to provide clear instruction, and execute game plans I can support our Military every day.

Contact me and I will get you started on getting your home loan!

Jim Blum

I possess a strong desire to work with our veterans and to help them realize their hopes and dreams through home ownership. My father was a member of the Air Force during the Korean War and I want to help those who gave so much of themselves to guarantee our freedoms. I ask for an opportunity to prove to my clients that I will be there for them and assist them in any way that I can to see their desire to buy a home come true.

Eddie Sera

 A native Houstonian, I spent all of my school age years in Houston until I went to college in Lubbock where I graduated from Texas Tech University in 1991. My passion is helping people realize their dreams of home ownership.

 I understand how important and daunting going through the mortgage process can be so it is imperative to me that all my clients have access to me 24/7.

Karen Salmeron

I am very excited and grateful to join the great team at Security America Mortgage Inc., There is no better way to put over 18 years’ experience in customer service to use, than being part of a Team that excels in helping customers purchase their new home.

 Contact me to get you started on your housing process!

Testimonials

Jeffrey Seckinger

“We had an awesome experience being this our first time buying a home. Jim Blum went above and beyond with trying to make sure that we would get our loan. As soon as he found something that needed to be done he got in contact and asked for any documents to help clear up any issues.”

Jennifer Cisneros

“I highly recommend using this company if you are buying a home. Edward was amazing to work with and was always available when we needed him. It can be really scary at times buying a home, but he always reassured us everything would work out and it did! Couldn’t be any happier!”

Orlando Quintana

“My wife and I had the pleasure of working with Karen Salmeron, she is an excellent professional, excellent person, total knowledge of what she does, extremely patient with the questions of the clients, and opportune answers and recommendations. I, based on my experience, recommend her services 150%.”

Gabriel Remijio

“Great company! They worked with me for over a year assisting me with getting in a position to buy a home. Through new jobs, credit repair, and evening budgeting for it. I highly recommend working with this company and Edward when getting a home loan. Edward was the best!”

FAQs

What are the VA Loan Requirements?

Everyone who meets the following could be eligible for a VA-Backed Loan:

  • You have served 90 consecutive days of active service during wartime.
  • You have served 181 days of active service during peacetime.
  • You have 6 years of service in the National Guard of Reserves.
  • You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.

Do all Lenders Offer VA Loans?

Not necessarily – Loans through the VA are a specific niche in the market, and not every mortgage company provides them. Even if a general mortgage company does provide them, you may be better off choosing a specialist like Security America Mortgage – we have the specific expertise and experience as VA lenders in Texas to guide you through the process and make the most of your loan entitlement.

What if I Have Used a VA Loan Before?

If you’ve already used a VA Loan, paid it off in full, and wish to buy a second property without selling the original one, you can have your previously used entitlement restored – but only once. Although, if you’ve paid off your previous Loan in full and sold the property you used it to buy, you’re free to restore your entitlement as many times as you want.

Can a VA Loan be used as a Construction Loan in Texas?

Whether you’re a veteran or active military member looking to build a custom home, a VA Construction Loan could be the perfect solution for you! Because of your military background, you have access to VA home construction loans that offer nothing down and additional perks and benefits.

Usually, it’s more difficult to get a construction loan than an existing home loan, as lenders are more cautious funding a home that doesn’t exist yet.

However, here at Security America Mortgage we are VA Construction Loan lenders as well as experts, and we will be more than happy to help you get your own custom dream home whether you want to build it in Dallas, Austin or any other county in Texas.

How do Texas VA Land Loans Work?

VA land loans are not a loan on its own, although you can enroll the cost of land purchase into a VA Construction Loan, simultaneously to the costs of building your house.

What is the Needed Credit Score for a VA Loan?

Loan credit requirements for VA Home Loans are set by the lender, meaning they can differ from mortgage company to mortgage company. Most lenders require a minimum credit score of 640; nonetheless, some lenders accept credit scores as low as 600.

APPLY FOR A VA LOAN TODAY!