VA loan in Texas – Veterans Affairs home loans

VA loans Texas

A VA Loan is designed to offer long-term financing to American veterans. Texas VA loans are issued by federally qualified lenders and are guaranteed by the U.S. Department of Veterans Affairs. The VA determines eligibility and issues a certificate of eligibility (COE) to qualifying applicants to submit to their mortgage lender of choice. For servicemen and women, it is generally easier to qualify for a VA loan than conventional loans. If you are an active duty military personnel, a current National Guard or Reserve member, discharged member of selected reserve or retired veteran, the VA home loan program is for you. 

How a VA loan works in Texas

  • 100% financing without private mortgage insurance nor second mortgage.
  • Available to servicemen/women and their eligible spouse.
  • A VA funding fee of 0 to 2.15% (this fee may be financed) of the loan amount is paid to the VA.
  • When purchasing a home, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less.
  • When refinancing a home, veterans may borrow up to 90% of reasonable value in order to refinance where state law allows.
  • The home must be used as a primary residence only, must be occupied within 60 days after closing on the loan and must remain the veteran’s primary residence for at least 3 years.

VA Loan: A mortgage loan program established by the United States Department of Veterans Affairs to help veterans and their families obtain home financing. The Department of Veterans Affairs does not directly originate VA loans; instead, they establish the rules for those who may qualify, dictate the terms of the mortgage offered and guarantee the loans against default.

Since the loan is guaranteed by the VA, the lender is protected against loss if the borrower defaults on the loan. It was designed to reward servicemen and women for their sacrifice and contributions. The VA home loan program carries a very low-interest rate as compared to other loan programs out there. The seller can also pay for some of the closing costs up to 4% of the loan amount. A termite inspection report is required on all VA home loans, this is one of the requirements that’s applicable on all VA home loans but not in any other loan programs. 

A Veterans home loan can be used for several purposes:

  • To purchase a house or a condo (as long as the condo in a VA-approved development area);
  • To build a home;
  • Make improvements to the house;
  • Refinance an existing VA loan.

Texas VA eligibility requirements

There are eligibility requirements in order to qualify for a VA home loan. The surviving spouse of a veteran is eligible for a VA loan as long as the spouse stays single until age 57; they can remarry after age 57. Spouse of some totally disabled veteran who died from this condition may also be eligible. Veterans and the eligible spouse are required to have a copy of their DD-214. They can apply for the Certificate of Eligibility online or contact the VA office for more information. 

Additional information regarding a VA loan is available, contact our VA Home Loan Specialists at (877) 280-4833 for more information.

Apply for a home loan a VA loan

 

How to qualify for a VA Loan in Texas

One of the great benefits every US veteran should enjoy is being a homeowner without a down payment. Thanks to the VA loan program, a vet can qualify for a VA loan to help him purchase a home guaranteed by the US Department of Veterans Affairs. The VA home loan program offers a full 100 percent financing to eligible servicemen and women, along with their eligible spouses. Not only that, VA home loans offer the lowest interest rates available today.

If you’re wondering how you can qualify for a VA loan, here are a few things that should be included in your checklist to help you acquire the home you deserve.

Texas VA loan guidelines

US veterans, members of the regular military, reservists and National Guard are eligible for a VA home loan application. The spouses of military members who died while on duty or as a result of a service-related disability can apply as well. Also, it might be helpful to get in touch with a trusted VA lender to know your VA eligibility.

VA loan service requirements in Texas

To know your VA eligibility, you must fall into one or more of the following categories:

You have rendered 90 consecutive days of active service during wartime
You have performed 181 days of active service during peacetime
You have given six years of service or more in the National Guard or Reserves

VA home loan Certificate of Eligibility

The Certificate of Eligibility (COE) plays a significant part of your loan application. This page proves that you have met the minimum service requirement. Moreover, you are eligible for a VA-backed loan.

You can obtain your COE in three different ways:

Apply through a VA-approved lender
Apply by email with VA Form 26-1880
Apply online through the VA’s eBenefits portal

VA loan property requirements in Texas

Service members and veterans looking for homes should know that these properties must conform to the Minimum Property Requirements (MPRs) set by the Department of Veterans Affairs. These home requirements ensure that veterans and their families have a safe and structurally sound home to live.

Take note that all MPRs are assessed by an independent VA appraiser who can point out any significant issues that can affect the safety, sanitation and structural integrity of the home. Please note that the appraisal process doesn’t guarantee properties that are free of defects.

Some of the MPR considerations below would give you an insight on what to look out for when buying a home:

Residential House

It is mandatory that the financed home is used as a primary residence.

Architectural Infrastructure

From roofs to crawlspaces to basements, everything should be architecturally sound.

Liveable Space

The financed residence should allow the homebuyer and his family to live, cook and sleep.

Sanitation

Financed properties should provide clean drinking water and adequate sewage disposal.

 

Max VA loan amounts

To get an accurate maximum VA loan amount for your specific needs you can get in touch with our VA approved lenders so you can check with them your eligibility for a VA loan. Every case is different because everyone’s situation is different. The loan amount, credit score, and service history s completely different from person to person

Additional information regarding a VA loan is available, contact our VA Home Loan Specialists at (877) 280-4833 for more information.

Apply for a home loan a VA loan

 

Texas VA loan limits

County Name Single Family Home
($0 down and up to)
Max Guaranty
ANDERSON $453,100.00 $1,000,000
ANDREWS $453,100.00 $1,000,000
ANGELINA $453,100.00 $1,000,000
ARANSAS $453,100.00 $1,000,000
ARCHER $453,100.00 $1,000,000
ARMSTRONG $453,100.00 $1,000,000
ATASCOSA $453,100.00 $1,000,000
AUSTIN $453,100.00 $1,000,000
BAILEY $453,100.00 $1,000,000
BANDERA $453,100.00 $1,000,000
BASTROP $453,100.00 $1,000,000
BAYLOR $453,100.00 $1,000,000
BEE $453,100.00 $1,000,000
BELL $453,100.00 $1,000,000
BEXAR $453,100.00 $1,000,000
BLANCO $453,100.00 $1,000,000
BORDEN $453,100.00 $1,000,000
BOSQUE $453,100.00 $1,000,000
BOWIE $453,100.00 $1,000,000
BRAZORIA $453,100.00 $1,000,000
BRAZOS $453,100.00 $1,000,000
BREWSTER $453,100.00 $1,000,000
BRISCOE $453,100.00 $1,000,000
BROOKS $453,100.00 $1,000,000
BROWN $453,100.00 $1,000,000
BURLESON $453,100.00 $1,000,000
BURNET $453,100.00 $1,000,000
CALDWELL $453,100.00 $1,000,000
CALHOUN $453,100.00 $1,000,000
CALLAHAN $453,100.00 $1,000,000
CAMERON $453,100.00 $1,000,000
CAMP $453,100.00 $1,000,000
CARSON $453,100.00 $1,000,000
CASS $453,100.00 $1,000,000
CASTRO $453,100.00 $1,000,000
CHAMBERS $453,100.00 $1,000,000
CHEROKEE $453,100.00 $1,000,000
CHILDRESS $453,100.00 $1,000,000
CLAY $453,100.00 $1,000,000
COCHRAN $453,100.00 $1,000,000
COKE $453,100.00 $1,000,000
COLEMAN $453,100.00 $1,000,000
COLLIN $453,100.00 $1,000,000
COLLINGSWORTH $453,100.00 $1,000,000
COLORADO $453,100.00 $1,000,000
COMAL $453,100.00 $1,000,000
COMANCHE $453,100.00 $1,000,000
CONCHO $453,100.00 $1,000,000
COOKE $453,100.00 $1,000,000
CORYELL $423,100.00 $1,000,000
COTTLE $453,100.00 $1,000,000
CRANE $453,100.00 $1,000,000
CROCKETT $453,100.00 $1,000,000
CROSBY $453,100.00 $1,000,000
CULBERSON $453,100.00 $1,000,000
DALLAM $453,100.00 $1,000,000
DALLAS $453,100.00 $1,000,000
DAWSON $453,100.00 $1,000,000
DE WITT $453,100.00 $1,000,000
DEAF SMITH $453,100.00 $1,000,000
DELTA $453,100.00 $1,000,000
DENTON $453,100.00 $1,000,000
DICKENS $453,100.00 $1,000,000
DIMMIT $453,100.00 $1,000,000
DONLEY $453,100.00 $1,000,000
DUVAL $453,100.00 $1,000,000
EASTLAND $453,100.00 $1,000,000
ECTOR $453,100.00 $1,000,000
EDWARDS $453,100.00 $1,000,000
EL PASO $453,100.00 $1,000,000
ELLIS $453,100.00 $1,000,000
ERATH $453,100.00 $1,000,000
FALLS $453,100.00 $1,000,000
FANNIN $453,100.00 $1,000,000
FAYETTE $453,100.00 $1,000,000
FISHER $453,100.00 $1,000,000
FLOYD $453,100.00 $1,000,000
FOARD $453,100.00 $1,000,000
FORT BEND $453,100.00 $1,000,000
FRANKLIN $453,100.00 $1,000,000
FREESTONE $453,100.00 $1,000,000
FRIO $453,100.00 $1,000,000
GAINES $453,100.00 $1,000,000
GALVESTON $453,100.00 $1,000,000
GARZA $453,100.00 $1,000,000
GILLESPIE $453,100.00 $1,000,000
GLASSCOCK $453,100.00 $1,000,000
GOLIAD $453,100.00 $1,000,000
GONZALES $453,100.00 $1,000,000
GRAY $453,100.00 $1,000,000
GRAYSON $453,100.00 $1,000,000
GREGG $453,100.00 $1,000,000
GRIMES $453,100.00 $1,000,000
GUADALUPE $453,100.00 $1,000,000
HALE $453,100.00 $1,000,000
HALL $453,100.00 $1,000,000
HAMILTON $453,100.00 $1,000,000
HANSFORD $453,100.00 $1,000,000
HARDEMAN $453,100.00 $1,000,000
HARDIN $453,100.00 $1,000,000
HARRIS $453,100.00 $1,000,000
HARRISON $453,100.00 $1,000,000
HARTLEY $453,100.00 $1,000,000
HASKELL $453,100.00 $1,000,000
HAYS $453,100.00 $1,000,000
HEMPHILL $453,100.00 $1,000,000
HENDERSON $453,100.00 $1,000,000
HIDALGO $453,100.00 $1,000,000
HILL $453,100.00 $1,000,000
HOCKLEY $453,100.00 $1,000,000
HOOD $453,100.00 $1,000,000
HOPKINS $453,100.00 $1,000,000
HOUSTON $453,100.00 $1,000,000
HOWARD $453,100.00 $1,000,000
HUDSPETH $453,100.00 $1,000,000
HUNT $453,100.00 $1,000,000
HUTCHINSON $453,100.00 $1,000,000
IRION $453,100.00 $1,000,000
JACK $453,100.00 $1,000,000
JACKSON $453,100.00 $1,000,000
JASPER $453,100.00 $1,000,000
JEFF DAVIS $453,100.00 $1,000,000
JEFFERSON $453,100.00 $1,000,000
JIM HOGG $453,100.00 $1,000,000
JIM WELLS $453,100.00 $1,000,000
JOHNSON $453,100.00 $1,000,000
JONES $453,100.00 $1,000,000
KARNES $453,100.00 $1,000,000
KAUFMAN $453,100.00 $1,000,000
KENDALL $453,100.00 $1,000,000
KENEDY $453,100.00 $1,000,000
KENT $453,100.00 $1,000,000
KERR $453,100.00 $1,000,000
KIMBLE $453,100.00 $1,000,000
KING $453,100.00 $1,000,000
KINNEY $453,100.00 $1,000,000
KLEBERG $453,100.00 $1,000,000
KNOX $453,100.00 $1,000,000
LA SALLE $453,100.00 $1,000,000
LAMAR $453,100.00 $1,000,000
LAMB $453,100.00 $1,000,000
LAMPASAS $453,100.00 $1,000,000
LAVACA $453,100.00 $1,000,000
LEE $453,100.00 $1,000,000
LEON $453,100.00 $1,000,000
LIBERTY $453,100.00 $1,000,000
LIMESTONE $453,100.00 $1,000,000
LIPSCOMB $453,100.00 $1,000,000
LIVE OAK $453,100.00 $1,000,000
LLANO $453,100.00 $1,000,000
LOVING $453,100.00 $1,000,000
LUBBOCK $453,100.00 $1,000,000
LYNN $453,100.00 $1,000,000
MADISON $453,100.00 $1,000,000
MARION $453,100.00 $1,000,000
MARTIN $453,100.00 $1,000,000
MASON $453,100.00 $1,000,000
MATAGORDA $453,100.00 $1,000,000
MAVERICK $453,100.00 $1,000,000
MCCULLOCH $453,100.00 $1,000,000
MCLENNAN $453,100.00 $1,000,000
MCMULLEN $453,100.00 $1,000,000
MEDINA $453,100.00 $1,000,000
MENARD $453,100.00 $1,000,000
MIDLAND $453,100.00 $1,000,000
MILAM $453,100.00 $1,000,000
MILLS $453,100.00 $1,000,000
MITCHELL $453,100.00 $1,000,000
MONTAGUE $453,100.00 $1,000,000
MONTGOMERY $453,100.00 $1,000,000
MOORE $453,100.00 $1,000,000
MORRIS $452,100.00 $1,000,000
MOTLEY $453,100.00 $1,000,000
NACOGDOCHES $453,100.00 $1,000,000
NAVARRO $453,100.00 $1,000,000
NEWTON $453,100.00 $1,000,000
NOLAN $453,100.00 $1,000,000
NUECES $453,100.00 $1,000,000
OCHILTREE $453,100.00 $1,000,000
OLDHAM $453,100.00 $1,000,000
ORANGE $453,100.00 $1,000,000
PALO PINTO $453,100.00 $1,000,000
PANOLA $453,100.00 $1,000,000
PARKER $453,100.00 $1,000,000
PARMER $453,100.00 $1,000,000
PECOS $453,100.00 $1,000,000
POLK $453,100.00 $1,000,000
POTTER $453,100.00 $1,000,000
PRESIDIO $453,100.00 $1,000,000
RAINS $453,100.00 $1,000,000
RANDALL $453,100.00 $1,000,000
REAGAN $453,100.00 $1,000,000
REAL $453,100.00 $1,000,000
RED RIVER $453,100.00 $1,000,000
REEVES $453,100.00 $1,000,000
REFUGIO $453,100.00 $1,000,000
ROBERTS $453,100.00 $1,000,000
ROBERTSON $453,100.00 $1,000,000
ROCKWALL $453,100.00 $1,000,000
RUNNELS $453,100.00 $1,000,000
RUSK $453,100.00 $1,000,000
SABINE $453,100.00 $1,000,000
SAN AUGUSTINE $453,100.00 $1,000,000
SAN JACINTO $453,100.00 $1,000,000
SAN PATRICIO $453,100.00 $1,000,000
SAN SABA $453,100.00 $1,000,000
SCHLEICHER $453,100.00 $1,000,000
SCURRY $453,100.00 $1,000,000
SHACKELFORD $453,100.00 $1,000,000
SHELBY $453,100.00 $1,000,000
SHERMAN $453,100.00 $1,000,000
SMITH $453,100.00 $1,000,000
SOMERVELL $453,100.00 $1,000,000
STARR $453,100.00 $1,000,000
STEPHENS $453,100.00 $1,000,000
STERLING $453,100.00 $1,000,000
STONEWALL $453,100.00 $1,000,000
SUTTON $453,100.00 $1,000,000
SWISHER $453,100.00 $1,000,000
TARRANT $453,100.00 $1,000,000
TAYLOR $453,100.00 $1,000,000
TERRELL $453,100.00 $1,000,000
TERRY $453,100.00 $1,000,000
THROCKMORTON $453,100.00 $1,000,000
TITUS $453,100.00 $1,000,000
TOM GREEN $453,100.00 $1,000,000
TRAVIS $453,100.00 $1,000,000
TRINITY $453,100.00 $1,000,000
TYLER $453,100.00 $1,000,000
UPSHUR $453,100.00 $1,000,000
UPTON $453,100.00 $1,000,000
UVALDE $453,100.00 $1,000,000
VAL VERDE $453,100.00 $1,000,000
VAN ZANDT $453,100.00 $1,000,000
VICTORIA $453,100.00 $1,000,000
WALKER $453,100.00 $1,000,000
WALLER $453,100.00 $1,000,000
WARD $453,100.00 $1,000,000
WASHINGTON $453,100.00 $1,000,000
WEBB $453,100.00 $1,000,000
WHARTON $453,100.00 $1,000,000
WHEELER $453,100.00 $1,000,000
WICHITA $453,100.00 $1,000,000
WILBARGER $453,100.00 $1,000,000
WILLACY $453,100.00 $1,000,000
WILLIAMSON $453,100.00 $1,000,000
WILSON $453,100.00 $1,000,000
WINKLER $453,100.00 $1,000,000
WISE $453,100.00 $1,000,000
WOOD $453,100.00 $1,000,000
YOAKUM $453,100.00 $1,000,000
YOUNG $453,100.00 $1,000,000
ZAPATA $453,100.00 $1,000,000
ZAVALA $453,100.00 $1,000,000

by nico2me

 

All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Guidelines and products subject to change.