Get a Rate on a Texas VA Home Loan. Make Your Dream Home a Reality!
GET PRE-QUALIFIED FOR A VA LOAN IN TEXAS
Take the first step towards buying the house of your dreams in Texas by completing this quick form to get a pre-qualification for your VA home loan.
We’ll provide a no-obligation consultation to help you estimate how much you may be able to borrow.
Are you ready to start the VA home loan process? If so, simply fill out the quick one-minute form below or give us a call at (866) 935-1112, and we will get you started!
Why should I get a VA home 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.
The home prices throughout Texas are quite affordable, the median sale price is $392,865 in Austin, which is one of the housing markets that had been growing rapidly year over year, having one of the highest appreciation rates in June 2021 with a 42% median home price growth year over year.
Should I choose a VA or a Jumbo Loan?
VA Loans require 0% down payment in most cases, whereas conventional loans generally require at least a 5% down payment and sometimes up to 20% required. FHA loans require a minimum of 3.5% down. And with a VA loan, Veterans also do not have to pay any monthly mortgage insurance, which cannot be said about conventional or FHA mortgages.
Many veterans have already taken advantage of their VA loan benefits. With relaxed qualification standards and more flexibility, it is proven to be the right choice for many to purchase and refinance their homes through this program. 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 the VA Jumbo Loan. A VA jumbo loan is any VA loan greater than $$548,250. 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 receive all the benefits of the general VA loan.
These are the key benefits that Security America can offer for a home loan in Texas
Office in Houston, Texas.
We offer VA, FHA, and All home loan types.
$0 Down payment for VA Loans.
No Need for Private Mortgage Insurance.
Very Low Interest Rate.
Easier to Qualify.
Relaxed Credit Standards.
Have a look at our most recent blog posts about 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 loan. Get started today!
VA Loan Overview
VA Loans In Texas are home loans 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 VA loans; 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 the VA Home 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 the VA home loan for the preferred loan choice for many veterans.
VA Loan Interest Rates and Cost
The VA home loans in Texas have the same cost associated with closing as all other home loan products. There are two key differences in terms of closing costs with a veterans 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, the interest rates in the veteran home loans in Texas are lower when compared to conventional and FHA loans. Check out our VA Loan Calculator to help you determine your payments.
VA Home Loans Benefits
No Down Payment For VA Loans
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 VA home loan in Texas, many veterans can purchase a home with little to no money out of pocket.
Lower Interest Rate
Because the Department of Veteran 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.
Get Your Dream Home Today!
If you are ready to start the application process for VA Loan In Texas, don’t hesitate to fill out the form below to get started!
Texas County Loan Limits
The Texas VA home loans cover more property types than just homes and condominiums. Qualified veterans can use their VA loan to purchase a property that has up to four one-family units. See below to find your unit limit by county and call (866) 935-1112 to get pre-qualified for a VA home loan in Texas.