Texas Vet Loans

Are Texas Vet Loans Better Than VA Loans?

As experts in providing mortgages for military veterans, we want to give you some insights into the difference between Texas Vet Loans and VA Loans. Both loan programs are designed to help veterans with their home financing needs, but they have their own unique benefits and limitations. It’s important to understand these differences so that you can make an informed decision about which loan program is best for you. Let’s take a closer look at Texas Vet Loans and VA Loans and the benefits they offer.

Texas Vet Loans:

• Texas veterans may be eligible for a lower interest rate compared to a conventional loan, which can save you money in the long run.
• The fees associated with Texas Vet Loans are typically lower than those of a conventional loan, giving you the opportunity to save on upfront costs.
• You can use Texas Vet Loans to buy a primary residence or refinance your existing mortgage, providing flexibility for your housing needs.

VA Loans:

• VA Loans allow eligible veterans to purchase a home without having to make a down payment. This means you can become a homeowner sooner without the need for a large upfront payment.
• VA Loans don’t require private mortgage insurance, which can save you a significant amount of money each month.
• With competitive interest rates and potentially lower fees compared to conventional loans, VA Loans offer attractive financing options for veterans.
• In addition to buying a primary residence, VA Loans can also be used for cash-out refinances and making energy-efficient improvements to your home, giving you more opportunities to enhance your living situation.

Both Texas Vet Loans and VA Loans have their own unique benefits that may be valuable to different veterans. We’re here to work with you and determine which loan option best suits your financial situation and goals.

Take advantage of the benefits offered by our loan programs designed specifically for veterans. Contact us today to start your journey towards homeownership with confidence and peace of mind.

Veteran Home Loan Options

 
Choosing the Right Loan:
If you’re a veteran or a military member seeking to buy a home, the Texas Vet Loan program offered by the Texas Veterans Land Board could be a great fit for you. This program provides several advantages over the national VA home loan program, such as lower interest rates, no requirement for a down payment, and flexible loan options. At Hurst Lending, we specialize in veterans loans and are committed to assisting you in finding the best loan option to suit your specific needs and financial situation. Our team of knowledgeable loan specialists will assist you every step of the way, from determining your eligibility to obtaining loan approval and beyond. Take advantage of the numerous benefits provided by the Texas Vet Loan program and get in touch with Hurst Lending today for more information.

Texas Vet Loan:
If you’re considering the Texas Vet Loan program, we can assist you whether you’re looking to purchase a home, build a new one, or refinance an existing home loan. We understand the importance of maximizing your veteran’s benefits, and our expertise allows us to guide you through the available programs and help you make the optimal choice for your circumstances. While all servicemembers, veterans, and eligible surviving spouses in the United States have access to VA loans guaranteed by the VA, Texas Veterans have an additional option: they can purchase a home through the Texas Vet Loan Program, which offers low-interest loans with minimal or no down payment, established by the Texas Veterans Land Board (VLB) Housing Assistance Program. We’re more than happy to assist you in evaluating your options and determining the best veteran loan solution for you.

VA Construction Loan (1% Down Payment):
If you’re excited about building your dream home, we’re pleased to be one of the select lenders offering a VA One-Time Close Construction Loan, which allows qualifying veterans to combine lot purchase and construction into a single permanent mortgage loan under the VA loan program. This program enables veterans in Texas and throughout the United States to take advantage of the excellent financial benefits provided by the VA home loan program while constructing their ideal home. With our VA Construction loan, you can finance up to 100% of the land purchase and construction costs.

VA Home Loan:
The VA Home Loan program was established by the U.S. government, not the state of Texas. These loans are guaranteed by the U.S. Department of Veterans Affairs (VA) and have slightly different requirements and terms compared to Texas Vet Loans. VA loans are appealing due to their competitive interest rates and no down payment requirement. However, similar to Texas Vet Loans, VA loans can only be issued by qualified lenders.

About Hurst Lending

We have been helping our customers buy, sell, and refinance their homes since 2006. Our personalized approach to the home buying process includes a suite of services that solve common hurdles in the home buying process.  Have you ever experienced the frustration of trying to buy before you sell; Losing your dream home in a bidding war; Trying to get a No-Seasoning Cash-out loan; Being unable to obtain a mortgage because your new or old house needs modest repairs; or simply because you prefer using our funds to close quickly without having to liquidate other investments?  Our Industry-leading suite of short-term loans solves these issues.  We also offer a suite of real estate investor loan products and a full suite of conventional, VA, FHA, construction and traditional home loans.