Texas Veterans Can Get Discounted Home Loans

We Texans Love Our Veterans!

If you are a veteran, THANK YOU FOR YOUR SERVICE!

Deb & I personally thank you for keeping our nation, state, and family safe. The state of Texas also wants to thank you. They created a special program to assist you in purchasing a home. Lets dig in and find out all the details from our preferred lender Joy Ziminskas or Joy Z as we call her…

Points of Interest

• Exclusively for eligible Texas veterans
• Up to $417,000 for home purchase• Fixed rate loans of 15, 20, 25 or 30 years• Originates with Service First Mortgage
• Home must be primary residence• Home must be in Texas
• New homes must be ENERGY STAR® certified
• Subject to credit approval

Here is a little background

In 1983, the Legislature created the VLB Veterans Housing Assistance Program to assist Texas veterans in purchasing a home. Through this program, eligible Texas veterans have an opportunity to purchase a home with an unbeatable, low-interest loan with little or no money down.

Disabled Veterans DiscountVeterans with disabilities may qualify for an interest rate reduction on their VLB Home or Home Improvement Loans. The veteran must have a service-connected disability of 30 percent (30%) or greater as verified by an Award Letter from the Department of Veterans Affairs (VA). The reduction is a full 50 basis points, or one-half of one percent on the available VLB loan interest rate. If you have any questions about the required documentation, please contact the VLB.

Of course, the veteran must also meet all other eligibility requirements for these loans to qualify for the discount.

 *All TX VLB loans have standard bank fee’s as well as 1% TX VLB commitment fee.  Subject to standard VA non-allowable fee’s so please get with Joy or Carolyn before writing up your offer to make sure you have sufficient Seller concessions.
NOTE: All VLB interest rates and available discounts are subject to change at any time. VLB Base Rate is subject to adjustment on the first business day of each week. All VLB loans are subject to credit approval.

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