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What is a VA Loan?

VA Loans in Houston

A VA loan is a mortgage which the US Department of Veteran Affairs has insured. This insurance extends to those who have served in Military, or to the surviving spouse of a fallen hero. By providing this backing, the VA a is able to reduce borrower’s risk profiles, providing them with the opportunity to qualify for more competitive loans.

VA Loan Quick Facts

Loan limit is $484,350 in all Texas Counties.

No Private Mortgage Insurance required.

Flexible Qualification.

Zero Down.

No repayment penalties.

Low closing costs.

VA Renovation Loans are available.

Funding Fee waived for disabled Vets.

Houston VA Loan Benefits

If your VA benefits make you eligible for this program, here are some of the advantages which await you.

With a VA Loan there is not a down payment requirement to purchase a home. You can pay from 0% down to any amount of down payment you choose.

Interest rates for VA loans tend to be lower than those for their conventional counterparts.

Your VA Benefits are available to you once you qualify for the rest of your life, They do not expire, and they can be used more than once. Bankruptcy and Foreclosure do not remove these benefits.

If you are disabled while you are performing your military duties, the funding fee for your VA loan can be waived.

Normally, when you do not put a large down payment on a home, you are required to purchase private mortgage insurance (PMI). When you take out VA loan and put zero down on a home, this requirement is waived.

As with other type of government-insured loans such as FHA or USDA mortgages, you do not need a perfect credit score in order to qualify for competitive interest rates and loan terms.

Can you buy or refinance a house that needs money for repairs? Yes, with a VA Renovation loan you can get maximum loan amount of $50,000 for repairs and improvements.

Seller can contribute up to 4% of purchase price towards buyer’s closing costs.

Who Qualifies for a VA Loan in Houston?

To be eligible for a Houston VA loan, you must meet these criteria:

One of the following must describe you: Veteran, active duty military, or eligible surviving spouse.

You need to have served in any military branch. If you served in the National Guard or Reserve, it must have been as an activated member.

You need to have fulfilled the minimum service requirement. The exact duration of this requirement depends on when you served.

Click on this link for the VA’s specific requirements to establish Loan Eligibility:

https://www.benefits.va.gov/homeloans/purchaseco_eligibility.asp

Thank you for your service.

God bless America.

Apply Now for a VA Loan in the Houston Area

Are you eligible for a VA loan in Houston? Find out now. Please call us today at 713-955-LOAN (5262) to schedule your consultation. We can look at your service record and help you find out whether you qualify. We can also guide you through all the steps of the application process to help you claim your VA loan benefits.

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The VA Loan Process

Close in as fast as 15 days!

Easy and
Simple.

1 How's My Credit 2 Loan Options 3 Approval Process 4 Steps To Closing

Purchase VA Home Loan Lowest Rate Guarantee*

If you use our realty affiliate, Texas Property Realty, on a purchase and closing transaction of a home, then your final home loan interest rate in combination with all expenses, will be lower on the same loan product than any other competitor, or we, Texas Property Lending Inc will pay $1000 towards your closing costs when you close your purchase with Texas Property Realty.

*This guarantee applies only to Government backed Programs including FHA 203(b), FHA 203(k), VA, and USDA; and, includes only those Home Loan Products that Texas Property Lending Inc offers. Any and all claim for reimbursement must be made in writing no later than 30 days before closing.

God Bless our American Heroes.

We salute you.

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Our loan services at Texas Property Lending, Inc. are available to anyone purchasing a home. However, you can streamline your home purchase by combing the services of Texas Property Lending, Inc. with our affiliate Texas Property Realty as your real estate broker. Combining these services will help us (Texas Property Lending, Inc.) get you in your dream home quickly and could also decrease your overall costs. If you’d like to learn more about this bundling of services from Texas Property Lending, Inc, and how this could save you money, call now at 713-955-LOAN (5262).

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We endorse the spirit of giving espoused by Bill and Melinda Gates, Warren Buffet, and others, in helping to reduce global inequality and human suffering. Each time you close a transaction with either affiliated business, Texas Property Lending Inc or Texas Property Realty, we donate 10% of earned Commissions to Charity. With each of your particular transactions, ask us for details!

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-Bill and Melinda Gates