In 1983, the Legislature created the VLB veterans housing assistance program (vhap), to aid Texas Veterans in purchasing a home. Eligible Texas Veterans, military members and their spouses can purchase a home with a low-interest rate loan (generally up to $484,350 on a fixed-rate loan for 15, 20, 25 or 30 year terms) with little or no down-payment.
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Rates quoted require a loan origination fee of 1.00%, which may be waived for a 0.25% increase in interest rate. Many of these programs carry discount points, which may impact your rate. 3 A VA loan of $250,000 for 15 years at 3.125% interest and 3.718% APR will have a monthly payment of $1,742.
Veterans Land Board – Texas | Veteran Home Loans – Non-disabled Texas Vet Loan Rate: 3.99% (APR 4.26%) *Texas Mortgage Rates. 30 Years Ago, Legislators created the Texas Veterans Land Board Home Loan to assist Texas Veterans in the purchase of a home while offering low interest rates without the borrower providing a down payment. The Texas Veterans Land Board Home Loan offers loans for new and.
Veterans Land Board – Land Loans – Texas – The VLB Land Loan Program is the only one of its kind in the nation, giving Texas Veterans, military members and their spouses the opportunity to borrow up to $150,000 for land purchases in Texas that are one acre or more.
Loan Discounts, Loan Limits | San Antonio, TX | Texas Vet Loans – Additional Texas Vet Rate Discounts & Loan Limits. VA Disabled? – Texas Veterans Land Board allows an additional discount of .50% or 1/2% off the weekly base rate (see Home page for Net rate). Please Note: You must be a minimum of 30% VA Disabled. You must have supporting documentation (dated within the last 12 months) to support your rating from the Veterans Administration.
The Texas Vet Loan rates set by the Texas Veteran Land Board and the Texas VA Loan rates are some of the lowest of any loan program and are available to eligible and qualified Texas Veterans and active-duty personnel. Call 866-704-2826 to find out more or go online today!
However, Texas Veterans who are purchasing a home also have the option to utilize the Texas Vet Loan Program sponsored by the Texas veterans land board (vlb). The VLB sets the interest rates on a weekly basis, and they are incredibly low, usually lower than VA or Conventional Loan rates.