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Texas Vet and Texas Veterans Home Loans

The Veterans Land board sponsors and administers this program. And it is for all Veterans and Active Military people living in or moving to Texas.

The Texas Veterans Land Board (TVLB) was created by the states Legislature in 1946. Then in 1983 the (TVLB) started doing home loans for those who plan to use the home for their Primary Residence.

These mortgages are available to Honorable discharged Veterans who served in the Marines, Army, Air Force, Navy, Coast Guard or the National Guard.

Current Texas Vet loan rates:

Rates Effective 09/16/2011   5:00 p.m. CST

30 Year Fixed Rate: 3.84%
4.03% APR		 30 Year Fixed Rate: 3.34% *
3.57% APR

* Qualified Veterans with Disabilities Program Discount: VA Disable 30% or more, for 1/2 point off. *

Properties types allowed:

Single family, town homes, condos and PDU's must be approved.
2-4 unit multifamily properties constructed at least five years prior to the closing date.

Terms:

Housing loans are available with 30, 25, 20 or 15 year terms. Home Improvement loans are available with 2 to 20-year terms.

Texas Vet Loan rates:

All rates are fixed rate home mortgages. The rates are lower than traditional mortgage rates.The Veterans with Disabilities Discount applies to veterans with a compensable disability by the United States Department of Veterans Affairs.

Veterans with Disabilities Program:

The Veterans Housing Assistance (VHAP) and Home Improvement (VHIP) Programs offer an interest rate reduction to qualifying veterans with disabilities.

The veteran must have a compensable service-connected disability of 30% or greater as verified by an Award Letter from the Department of Veterans Affairs (VA). The amount of the regular 30 year fixed rate would be discounted by 1/2 a point.

The veteran must also meet all other eligibility requirements for the VHAP and VHIP.

Texas Vet home mortgages are originated in conjunction with Federal Housing Administration (FHA), Veterans Administration (VA), or Conventional. And are underwritten as either a VA or as a conventional.

What are the lending limits?

VA Maximum Loan Limit is $325,000 (Zero Down) using VA Loan along with Texas Vet.
FHA Maximum Loan Limit is $287,500 using FHA Loan along with Texas Vet.
Conventional Maximum Loan Limit is $325,000 using Conventional Loan along with Texas Vet.

Can we use a Texas Vet Loan to Refinance?

Not allowed, these are only for purchasing.

  • All Texas Veterans Land Board loans are subject to credit approval.
  • VLB Base Rate is subject to adjustment on the first business day of each week.
  • Note: If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.

Links to additional Texas Vet Loan information:

We are located in San Antonio, Texas and can do these great military home loans and other military mortgages throughout our great state!

About Us:

Grove Mortgage is an VA Approved Lender and wholesale Mortgage Broker located in San Antonio Texas.

Interest rates are at historic lows, call us now and refinance with confidence.

Get Started Now:

Apply Today for your complimentary personal mortgage quote and to lock in a fixed rate.

Get started with your home loan now.

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No Application or Loan Lock Fees

Fast & Simple !

Want to be notified of interest rates change?

Mortgage Rate Notice is a Free interest rate notification service for purchasing and refinancing.

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  • Receive an email or phone call letting you know your target rate has been met.

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Additional links of interest:

VA Loans

Texas VA Loans - VA Loans In Texas

Texas Vet Loans