Transition from serving your country with home ownership in Texas with a VA loan. Take advantage of lower rates and no PMI.
Check my eligibility
Using your full entitlement, keep your savings intact. Service men and women can purchase a home with no money down.
Unlike a conventional or FHA or USDA loan, the VA loan never requires PMI and instantly gives you a lower monthly mortgage payment.
Because the VA loan is government-backed with a 25% coverage, most lenders will offer a lot lower rates for veterans on VA loans.
A veteran home loan is typically more forgiving for credit incidences and/or collections, including life events, which offer an expanding qualification for loan approval.
You need to look up and obtain your Certificate of Eligibility (COE), which is step one. After that we often pull the numbers through this document into our lender portal.
For many Veterans there's a one-time VA funding fee (normally 1.25% to 3.3%), but those that receive disability benefits are typically fully exempt from a VA funding fee.
For a Texas VA loan you must purchase a primary residence. Eligible properties include single-family homes or condos or even townhomes.
For veterans that have full entitlement the VA loan limit is unlimited. You can borrow as much as you can qualify for with no down payment.
Check out how much you can afford and how much your loan will cost.
Use this calculator to check the max purchase price you qualify for while taking into account VA residual income requirements as well as your VA funding fee.
If you're curious about what your payment looks like monthly, use this calculator to calculate your PITI (principal, interest, taxes, and home owners insurance).
Should you buy discount points to lower your rate? See break-even months and lifetime savings.
See how extra payments shave years off your loan and save tens of thousands in interest.
Some of the most commonly asked questions when applying for a Texas VA loan.