VA Loan Texas
Apply for a Texas VA Home Loan or VA Refinance cash out 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 Loan Interest Rates and Cost
VA Home Loans have the same cost associated with closing as all other home loan products. There are two key differences in terms of closing cost 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.