Texas Loan Options
Texas VA Home Loan
VA (Veterans Affairs) loans are an exclusive benefit available to active-duty service members, veterans, and eligible surviving spouses, helping them achieve homeownership with ease. Backed by the government, these loans offer significant advantages, including the possibility of purchasing a home with no down payment, making homeownership more attainable for those who have served our country.
One of the key benefits of VA loans is their favorable terms, such as competitive interest rates and flexible credit requirements. Unlike conventional loans, VA loans do not require private mortgage insurance (PMI), resulting in substantial long-term savings. Additionally, VA loans offer refinancing options like the VA Interest Rate Reduction Refinance Loan (IRRRL), which simplifies the process for eligible borrowers looking to lower their interest rates or transition from an adjustable-rate to a fixed-rate mortgage.
Designed to honor and support military personnel, VA loans serve as a powerful financial tool, providing an affordable path to homeownership for those who have dedicated themselves to serving our nation.
Some Benefits of a VA Loan:
Exclusive Loan Benefits:
- 0% down
- No monthly mortgage insurance (PMI)
- Discounted interest rates
- No cash due at closing possible
- Flexible underwriting
VA Home Loan Limits:
Starting Jan. 1, 2020, the VA will cease capping the size of a loan a veteran can get with no money down, paving the way for veterans to buy higher-value homes.
VA funding fee to increase:
VA Streamlined Refinance (IRRRL):
See our VA Streamline Refinance page for a detailed look into this no doc refinance option.
Hawaii VA Jumbo Loan:
- VA is not just for the First-time Home Buyer. Are you shopping for a Hawaii Jumbo loan and a veteran of the U.S. Armed forces?
Hawaii VA Jumbo Loan Features - VA Jumbo loans up to $2,500,000
- No monthly mortgage insurance (PMI)
- Discounted interest rates
- Flexible underwriting
- VA Jumbo Loan Down Payment Options
- VA Jumbo loans no longer have a minimum down payment requirement. For qualified veterans, it is now possible to qualify for a $2,500,000 loan with zero down.
Information and self-help tools are provided for your independent use and are not intended to provide investment advice. We cannot and do not guarantee loan eligibility or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to speak with one of our experienced loan officers for a loan eligibility analysis and custom rate and payment estimate.
