Houston VA Home Loans

A Houston VA loan is a mortgage option for veterans, active-duty military members, and eligible surviving spouses who want to buy a home. Private lenders provide these loans, but they are guaranteed by the Department of Veterans Affairs (VA), which means that the VA will pay a portion of the loan if the borrower defaults.

One of the main advantages of a Houston VA loan is that it allows for up to 100% financing on loan values up to $726,200, which means that you don't need to make a down payment. This can be a significant benefit, especially for first-time homebuyers who may not have a lot of savings.

At our company, we have a team of expert VA loan specialists who are available to assist you every step of the way. From the application process to closing, we will help you navigate the VA loan process and ensure that you maximize the government assistance with your VA home loan.

As an approved Houston VA lender, we offer both the regular VA Guaranteed Loan program and the Texas Vet Loan program for veterans with disabilities. Whether you're looking to purchase a home or refinance an existing loan, our VA team is here to help.

As a direct VA lender in Texas, we offer low rates, in-house underwriting, and fast closing times. In fact, we can typically close loans in 28 days or less, which means that you can move into your new home sooner.

If you're an eligible applicant and considering buying a home in Houston, a VA loan may be an excellent mortgage option for you. VA loans are designed to help veterans, active-duty military members, and eligible surviving spouses to buy a home with favorable terms.

One of the most significant advantages of a Texas VA loan is the low interest rates. Because VA loans are guaranteed by the Department of Veterans Affairs, lenders are able to offer competitive rates. This means that you'll be able to save money on your monthly mortgage payments.

Another benefit of a Texas VA loan is that it offers up to 100% financing for loan values up to $726,200, which means that you won't have to make a down payment. If you're purchasing a home above this limit, you'll still be able to put a small down payment and get a favorable interest rate. Additionally, jumbo VA loans are available over $726,200 but a buyer will need to put money down.

If you're a veteran with a disability, you may also be eligible for the Texas Vet Program, which offers additional benefits and lower interest rates.

One of the unique features of a Texas VA loan is that it has easier qualifying requirements than conventional loans. For example, VA loans don't require a minimum credit score and allow for alternate credit, such as utility bills and rent payments, to be used to qualify. Additionally, VA loans allow for up to 4% in seller concessions, which means that the seller can pay some of your closing costs.

Another advantage of a Texas VA loan is that there are no prepayment penalties. This means that you can pay off your mortgage early without incurring any fees. Additionally, the funding fee can be financed, which means that you won't have to pay it upfront.

Finally, a Texas VA loan allows for manufactured housing, although there are some restrictions. The home must be built after June 15, 1976, and be permanently attached to a foundation. Additionally, the home must meet HUD's minimum property standards, which are designed to ensure that the home is safe, sound, and secure.

Overall, a Texas VA loan can be an excellent mortgage option for eligible applicants. With low rates, 100% financing, small down payment options above $726,200, and easier qualifying requirements, a VA loan can make it easier to achieve your dream of homeownership. Additionally, the Texas Vet Program is available for eligible veterans with disabilities. Whether you're looking to purchase a new home or refinance an existing loan, a Texas VA loan may be the perfect solution for you.