Veteran Loan

Get Exceptional Rate on VA Home Loan in Texas

Home Ownership Made Easy for Veterans

We Provide Better Access to VA home Loans in Texas!

Lucky Home Loans Help Veterans Secure the Financing They Need! We honor the brave veterans for their lifetime service by assisting them in availing them of the best VA home loans in Texas for which they can be eligible. Let us ease the challenges you may encounter during the process and ensure a hassle-free experience towards your dream villa. We have been assisting and closing house financing deals for veteran loans for over a decade now. Do you want to be the next? Why not? Let’s make it happen!

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Texas Veteran Loan Program

A Veteran home loan program established by Texas Veterans Land Board for veterans and military members.

Interest rate: 6.10%

APR:6.5%

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VA Loans Program

VA Loans is a US government-backed mortgage program offered to veteran and active military service members

Interest rate: 6.125%

APR: 6.525

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How VA Loans (Veteran Home Loans) Work?

VA loans, commonly known as veteran loans, are provided by the U.S. Department of Veterans Affairs to its Veteran soldiers, active members, and disabled members or their immediate family in case they lose their lives in battle. Compared to conventional loans, the VA home loans program is designed to create ease and facilitate the active and retired members of military service. Whether you are aiming to purchase a home, build an existing one, or simply renovate it, VA lenders in Texas finance all sorts of loans up to 100% value. So, Lucky Homes, as a direct veteran loan specialist in Texas, helps you avail yourself of the low rates and better terms for VA Guaranteed Loans and Texas Vet Loan programs. So, take up your chance to build the home of your dreams with VA Loans in Texas; Lucky Home Loan experts will help you with the process.

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Financial Stability Starts with The Right Investment Decision

Lucky Home Loans is here to Help you make the right decision

Check your Eligibility for VA Home Loans in Texas: here is the eligibility chart!

Minium Credit score requirement
620
Downpayment requirement
0%
Mortgage insurance Requirement No PMI
No PMI
House financing value
Upto 100%,
Loan Limits covered
$ 766,550 max
Special Qualification
Must be military service member, Active/Veteran/ Spouse or decease service member
Property financed must be primary used Yes
Yes
Loan Guaranteed by VA 25% of total value
Loan Guaranteed by VA 25% of total value
Certificate of VA Laon Eligibility
Required
Choose Installment plans
Number of installments,
period of repayment
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One-time payment by veterans
to avail the loans

Texas Vet VA Home Loan Eligibility

Minium Credit score requirement
No Minimum Credit Score
Discounted rate available to service-related disability
Greater than 30% disability 0.5% interest rate reduction
Downpayment requirement
0%
Mortgage insurance Requirement No PMI
No PMI
Funding fee Requirement
2.15% to 3.3%. but zero in veteran disability rating is 10%
House financing value
Upto 100%,
Special Qualification
Must be military service member, Active/Veteran/ Spouse or decease service member
Property financed must be primary used Yes
Yes
Loan Guaranteed by VA 25% of total value
Loan Guaranteed by VA 25% of total value
Certificate of VA Laon Eligibility
Required
Loan Limits covered
$ 766,550 max
Closing costs
Closing costs 1% origination cost + 1% participation fee
More than one loan at a time allowed
Yes
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Why are Veteran home loans your Best Choice?

 Comparatively Low-Interest Rate 

Compared to conventional loans, VA Home loans in Texas are subjected to lower interest rates. That is because the Ministry of Veteran Affairs compensates the rest with the lending institution. 

Flexible Credit Requirements

It’s a plus point if you have a good credit score, though VA Home loans keep your credit requirements relaxed and flexible. Veteran home loans are basically mortgage loans made more accessible to service members by facilitating an easy process and eliminating Complicated requirements.

VA Financial Hardship Assistance Program

The U.S. Department of Veteran Affairs offers two types of financial assistance for service members who can’t afford to pay copay bills. You can request to waive off a part of the payment or ask to extend the duration of repayment.

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FAQ’s

VA funding fee is a one-time payment made by veterans or service members who are going to take advantage of the veteran home loans. The fee amount generally varies from 1.5 to 3.5% of the loan price. However, the funding fee may wave off if the veteran disability rating is above 10%. Depending on each veteran’s profile, disability ratings, and other discount points, the funding fee for VA home loans is calculated. These funding fees are calculated by the Department of Veteran Affairs, not the VA loan lenders.

If you want to qualify for a VA loan in Texas, you would need documents supporting your military services and personal finances to ensure creditworthiness. Get your VA certificate of eligibility from the Department of US Veterans by submitting your monthly income statement, last two years of wages, and tax statement, along with other essential documents. Send us an inquiry to our VA loan specialist and get a complete list of documents required to process the van home loan in Texas.

Your VA eligibility criteria continue to give you VA mortgage benefits, even if you have already availed of the VA home loan once. Once you finish your current loan, you can purchase another home with a Veteran home loan in Texas. You can sometimes, under special consideration, avail of two loans at the same time, check the eligibility criteria for that, and get help from a VA loan specialist to process this.