Texas Veteran Home Loan

Welcome back to my video blog.

Today, I have with me Cyd West from First Community Mortgage. She is the best lender I’ve worked with in my 35-year career. She’s going to tell us about the Texas Veteran Home Loan and how it can help many of you.

Cyd West

The Texas Veteran Home Loan is available to anyone who has served in the military in the past or is currently active. You must be stationed in the state of Texas and claim Texas as your home residence for tax purposes. You also must register with the state by filling out a short application form.

So, how can the loan help you? The Texas Veteran Home Loan can be combined with any VA, conventional or FHA loan. Most often it is paired with a VA for a no down payment option.

Texas loves its veterans and wants to make living here easy.  There is also a further discount for any veteran that received a service-related injury. In that case, the veteran would receive a half percent discount.

There is a one percent participation fee that is never waived. The VA funding loan is treated the same as a regular VA loan. If you are exempt from VA Loan funding fee then you will be exempt from Texas Veteran funding fee.

The Texas Veteran Loan also does conventional loans, but it does require a 10 percent down payment as well as private mortgage insurance.

I want to thank Jean for having me here today. If you have any questions about the Texas Veteran Home Loan, please give me a call at 254.690.3765 I’d be more than happy to help!