Texas VA Mortgage Loans

Texas VA Mortgage Loans

Many veterans all across Texas know that the Texas VA mortgage loan is a great way to finance their home. Texas VA mortgage loans allow veterans to purchase a home with 100% financing and also not be required to pay monthly mortgage insurance. If you live in Texas, and are a veteran who currently has a VA loan that is at a higher than market interest rate, it will probably make sense for you to participate in the VA streamline program (also known as the VA IRRRL program) with no out of pocket closing costs required.

As most people are already aware, the VA isn’t a lender – the VA only insures your loan. Should you default, the VA steps in and the lender who lent you money gets paid. Because of this reason, lenders are excited about lending money to veterans through the Texas VA loan program.

Texas VA Mortgage Loan Highlights:

• Never a prepay penalty on a Texas VA mortgage loan
• 100% financing available for Texas VA loans when purchasing a home
• No mortgage insurance required is required on a VA loan
• VA loan closing costs are similar to other loans, but can be rolled into the loan
• A one-time funding fee is charged on a VA loan

You can use a Texas VA mortgage loan to buy a home, build a home and even improve a home with energy-saving features such as solar heating or cooling systems, water heaters, insulation, weather-stripping, storm windows/doors or other energy efficient improvements approved by the lender and VA.

Texas VA Mortgage Loan Certificate of Eligibility

One of the requirements to being able to qualify for a Texas VA mortgage loan is that you must have a Certificate of Eligibility from the VA and it must be in your loan package at the time of submission. If you don’t currently have a certificate of eligibility or need help obtaining your certificate, you can contact us directly for help.

Texas VA Streamline Refinance Program

For veterans who live in Texas and currently have a VA mortgage loan that is at a higher than market interest rate, the Texas VA streamline program can help reduce the interest rate without forcing you to completely re-qualify for a new loan. With the Texas VA streamline refinance, you can lower your monthly payment and interest rate with no out of pocket expenses.

Texas VA Mortgage Loan Experts: Contact Us

For more information about the VA loan program, you can contact us directly at the toll free number listed above. We would be happy to answer any questions that you may have. You can also submit your information online and we will be in touch with you as soon as possible.