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What is VA loan in Texas?

Texas VA loan

A VA Loan in Texas is a long-term mortgage financing to American Veterans and military families. VA Loans in Texas are issued by federally qualified private lenders and are guaranteed by the U.S. Department of Veterans Affairs. The U.S. Department of Veterans Affairs determines eligibility and issues a certificate of eligibility (COE). The certificate of eligibility allows Military Service applicants to submit to their mortgage lender of choice. For servicemen and women, it is generally easier to qualify for a VA loan request than conventional loans. If you are an active-duty service military personnel, a current National Guard or Reserve member, discharged member of a selected reserve, or a retired veteran, this type of loan program is for you. Below we will discuss the Texas VA loan process.

Texas VA loan process

Here is how a Texas VA Loan works:

  • Military Service applicants and their eligible spouses to get the Loan Benefit.
  • 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 house, 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 three years.

Benefits of a Texas VA Loan

Here are the benefits of a Texas VA Loan:

  • VA Loans reward eligible veterans and active-duty service member members for their sacrifice and contributions.
  • VA Loans offer very low and competitive interest rates compared to conventional loans.
  • VA Loans are guaranteed by the VA and protect the lender against loss if the borrower defaults on the loan.
  • VA Loans do not require a down payment.
  • VA Loans do not require mortgage insurance add-on on monthly payments and no minimum credit score.
  • The seller can also pay for some of the closing costs up to 4% of the loan amount.

There are great benefits for Texas VA loans for veterans, service members and military families. Below we will discuss how VA Loans can be used in Texas.

VA loan housing options

VA Loans in Texas can be used for the following:

  • To purchase a house or a condo (as long as the condo is in a VA-approved development area).
  • To build a home.
  • To make improvements to the house.
  • To refinance loans of an existing VA loan.
  • To cash-out Refinance

Texas VA Loans can be used for many types of purposes if the service member meets the eligibility requirements below.

Qualifications for a VA loan

A Military Service Application can qualify for a VA Loan to help in purchasing a single-family home guaranteed by the US Department of Veterans Affairs. The US Department of Veterans Affairs offers a full 100 percent financing to qualifying active-duty service, eligible servicemen and women, along with their eligible spouses and military families.


Eligibility for VA loan

Here is a list of people eligible for a VA Loan in Texas:

  • US veterans of the United States Army, Navy, Air Force, Coast Guard, Public Health Service, Marine Corps, or Texas National Guard
  • Members of the regular military
  • Reservists
  • National Guard
  • The spouses of deceased service members who died while on duty or as a result of a service-connected disability

Also, it might be helpful to get in touch with a trusted VA lender to know your VA eligibility. Below are the Service Requirements for a VA Loan in Texas.


Texas VA loan certificate of eligibility

The Certificate of Eligibility (COE) plays a significant part in your loan application. The Certificate of Eligibility proves that you have met the minimum service requirements, such as service history and duty status.


Here are the ways to get a Certificate of Eligibility (COE).”

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

For entitlement restoration, complete the VA Form 26-1880 and send it to the VA regional loan center of your state.


VA loans Texas FAQs

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 and local loan limits. Every case is different because everyone’s situation is different. The mortgage loan amount, type of property, credit score, and service histories, loan eligibility, are completely different from person to person.

The Minimum Property Requirements (MPRs) in Texas are set by the Department of Veterans Affairs. The Department of Veterans Affairs Minimum Property Requirements for VA Loans ensure that veteran borrowers and their families have a safe. The Minimum Property Requirements are assessed by an independent VA appraiser. The independent VA appraisers inspect properties for safety, sanitation, and structural integrity of the home.

Here are the Minimum Property Requirements for a VA Loan in Texas:

  • The property must be a Residential House and not an investment property
  • The property must be used as a primary residence.
  • The property must have Architectural Infrastructure.
  • The property must be architecturally sound, from roofs to crawlspaces to basements.
  • The property must have livable space.
  • The property must allow the home buyer and his family to live, cook and sleep.
  • The property must have sanitation.
  • Financed properties should provide clean drinking water and adequate sewage disposal.

Here are the VA Loan Requirements in Texas:

  • 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.
  • Spouses of some totally disabled veterans who died from a service-connected disability may also be eligible.
  • Veterans and the eligible spouse are required to have a copy of their DD-214.
  • Credit history
  • Certificate of Eligibility

Here are the VA Loan Service Requirements in Texas:

  • You have rendered 90 consecutive active duty days of service during wartime.
  • You have performed 181 days of active service during peacetime.
  • You have rendered over six years of service or more in the National Guard or Reserves or your deceased spouse who died while on active service

Additional information regarding a VA-backed home loan is available; contact The Texas Mortgage Pros at (877) 280-4833 for more information.