1-877- 292-7350 jhurst@hurstlending.com

Author: Scott Bialek, Co-Founder of Hurst Lending

Date: December 29, 2023

re Texas Vet Loans Better Than VA Loans?

If you’re a military veteran considering homeownership, you’ve probably heard about both Texas Vet Loans and VA Loans. Both programs are designed to assist veterans in achieving their dream of owning a home, but they come with their own unique perks and quirks. So, are Texas Vet Loans better than VA Loans? Let’s embark on a journey through the Lone Star State’s housing market to find out!

The Battle of the Benefits: Texas Vet Loans vs. VA Loans

Round 1: Lower Interest Rates

In the red corner, we have Texas Vet Loans! One of the standout features of these loans is the potential for lower interest rates. With Texas Vet Loans, Texas veterans may find themselves saving more green in the long run compared to conventional loans.

Round 2: Lower Fees

The fees associated with Texas Vet Loans are like hidden treasures in the Texas sand. They are typically lower than those of conventional loans, meaning you can keep more of your hard-earned cash for things like cowboy boots and barbecue.

Round 3: No Down Payment

And now, entering the ring, it’s VA Loans! These loans pack a powerful punch with the ability to purchase a home without a down payment. That’s right; you can become a homeowner without emptying your saddlebags.

Round 4: No Private Mortgage Insurance (PMI)

VA Loans strike back with another potent jab – they don’t require private mortgage insurance. Say goodbye to those pesky monthly PMI premiums, and hello to extra funds for Texas-sized steaks.

Round 5: Flexibility

Texas Vet Loans can be used to buy a primary residence or refinance your existing mortgage. VA Loans, on the other hand, offer versatility beyond just purchasing your dream home. You can use VA Loans for cash-out refinances and even to make energy-efficient improvements to your home, giving you more opportunities to spruce up your homestead.

The Final Round: Choosing Your Champion

Both Texas Vet Loans and VA Loans have their own unique charms that could make them the hero of your homeownership story. The key is understanding your financial situation and goals, then working with professionals to determine which loan option is the right fit for you.

In Summary: The Showdown

Texas Vet Loans and VA Loans both have their merits, and the decision ultimately depends on your circumstances. Texas Vet Loans offer lower interest rates and potentially lower fees, but VA Loans shine with no down payment and no PMI. It’s like a classic Texas showdown where the duelists bring their unique strengths to the table.

For a personalized recommendation based on your situation, reach out to experts who can guide you through the pros and cons of both options. They can run side-by-side comparisons to show you how each would impact your current circumstances. After all, in this housing market rodeo, it’s essential to have a trusty steed by your side.

Wrapping Up

In the Lone Star State, the choice between Texas Vet Loans and VA Loans can feel like choosing between boots and spurs – they both have their place in a Texan’s wardrobe. Ultimately, what matters is finding the right fit for your financial needs and homeownership dreams. So, saddle up, partner, and let the experts at Hurst Lending help you ride into your Texas home sweet home. Contact us today to start your journey towards homeownership with confidence and peace of mind. Yeehaw! 

For more details on our Texas Vet Loans please visit us at: https://hurstlending.com/conventional-loans/texas-vet-loans-2/

 

Veteran Home Loan Options: Exploring the Full Arsenal

So, you’ve learned about the showdown between Texas Vet Loans and VA Loans, but did you know there’s an entire arsenal of veteran home loan options available to you? Let’s continue our journey through the world of veteran-friendly mortgages, exploring other exciting choices that can help you secure your dream home.

USDA Home Loan: A Rural Retreat

If you’re looking to escape the hustle and bustle of city life, the USDA Home Loan program might be your ticket to a peaceful rural retreat. These loans, offered by the United States Department of Agriculture, aim to support homeownership in rural areas. With no down payment requirement and competitive interest rates, you can enjoy the tranquility of country living without breaking the bank.

VA Construction Loans: Build Your Dream Home

In the world of home financing, the VA One-Time Close Construction Loan with a zero down payment is a standout. This specialized loan allows qualifying veterans to combine the purchase of a lot and the construction of their new home into a single permanent mortgage loan under the VA program. It’s like having a blueprint for success in your homeownership journey.

The Right Fit for You

Choosing the right loan is like selecting the perfect tool for a job – it should fit your needs precisely. Each of these veteran home loan options comes with its own set of benefits and requirements, and the choice depends on your unique situation.

At Hurst Lending, we’re not just experts in Texas Vet Loans; we’re veterans’ allies on the path to homeownership. Whether you’re considering a Texas Vet Loan, exploring the building your own home with a VA construction loan, or seeking the versatility of conventional loans, our team of knowledgeable loan specialists is here to assist you.

We believe that every veteran deserves a home that feels like a haven, and we’re committed to helping you find the best loan option to suit your specific needs and financial situation. Contact us today, and let’s continue this exciting journey toward homeownership, armed with knowledge and confidence.

For more details on our Texas Vet Loans please visit us at: https://hurstlending.com/conventional-loans/texas-vet-loans-2/

 

Frequently Asked Questions About Texas Vet Loans

Now that we’ve explored the world of veteran home loans, let’s dive into some frequently asked questions to ensure you have all the information you need to make informed decisions about your homeownership journey.

Q: What types of homes qualify for the Texas Vet Loan Program?

A: To leverage the benefits of the Texas Vet Loan Program, your home must meet specific criteria:

  • It must be your primary residence.
  • The property should be located in the great state of Texas.
  • Eligible property types include single-family homes, townhomes, or condominiums.
  • Duplexes or other multi-family units are acceptable, provided they were constructed at least five years prior to the loan’s closing date.
  • New construction homes must adhere to Energy Star guidelines.

If your home doesn’t meet these requirements, don’t worry – we have other programs that may be a better fit for your needs.

Q: Can I secure a lower interest rate if I’m a disabled veteran?

A: Absolutely! Disabled veterans are entitled to a 0.5% lower interest rate on their home loans through the Texas Vet Loan Program. To qualify for this reduced rate on your Veterans Land Board (VLB) mortgage, you must have a service-connected disability of 30 percent or greater, verified by an Award Letter from the Department of Veterans Affairs (VA). The Texas Vet Loan Program is an excellent option for disabled veterans looking to maximize their benefits.

Q: Can unmarried surviving spouses of Texas veterans also benefit from lower rates?

A: Yes, they can! Unmarried surviving spouses of service members who died in the line of duty or due to a service-connected cause, and who were legal residents of Texas at the time of their death, are entitled to a 0.5% lower interest rate on their home loans through the Texas Vet Loan Program.

Q: Can I use the Texas Vet Loan Program if I’m planning to build a new home?

A: TexasVetLoans.com offers interim construction financing in many parts of Texas. When your new house is complete, we can seamlessly pay off your construction loan with our low-rate Texas Vet Loans, as discussed above. It’s essential to note that Veterans Land Board loans are specifically available for single-family residences, and the new home must meet various Energy Star qualifications.

Q: Are Texas Vet Loans better than VA Loans?

A: Texas Vet (Veterans Land Board) Loans are known for their incredibly low-interest rates, often comparable to or lower than standard VA loans. However, whether a Texas Vet Loan or a VA Loan is better for you depends on your unique situation. VA loans frequently have lower closing costs, and in some cases, the slightly higher interest rates on traditional VA loans, combined with reduced upfront costs, can make them a more sensible choice.

Moreover, both options do not require any mortgage insurance, even when financing 100% of your purchase. To make the best decision for your current circumstances, contact us, and one of our expert loan officers will guide you through the pros and cons of each option and provide side-by-side comparisons tailored to your needs. We’re here to help you find the ideal loan for your homeownership journey.

For more details on our Texas Vet Loans please visit us at: https://hurstlending.com/conventional-loans/texas-vet-loans-2/

About Scott Bialek

In addition to being one of the founders of Hurst Lending, I am also an attorney and real estate investor. I have a portfolio of residential and commercial properties. I have been helping our customers buy, sell, and refinance their homes since 2000. Our suite of industry-leading offers helps solve many common situations faced by homeowners and real estate investors. Have you ever experienced the frustration of trying to buy before you sell; Losing your dream home in a bidding war; Trying to obtain a No-Seasoning Cash-out loan; Being unable to get 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.

Please feel free to contact me directly if I can help provide a loan for your next purchase or refinance, or even if you just want advice on how to get started or expand your real estate investing activities.

Scott E. Bialek

Co-Founder, Hurst Lending

sbialek@hurstlending.com

*Disclaimer: This article is intended for informational purposes only and does not constitute legal, financial, or professional advice. Consult with a licensed professional before making any financial or real estate decisions.

Author: Scott Bialek, Co-Founder of Hurst Lending

Date: December 29, 2023

re Texas Vet Loans Better Than VA Loans?

If you’re a military veteran considering homeownership, you’ve probably heard about both Texas Vet Loans and VA Loans. Both programs are designed to assist veterans in achieving their dream of owning a home, but they come with their own unique perks and quirks. So, are Texas Vet Loans better than VA Loans? Let’s embark on a journey through the Lone Star State’s housing market to find out!

The Battle of the Benefits: Texas Vet Loans vs. VA Loans

Round 1: Lower Interest Rates

In the red corner, we have Texas Vet Loans! One of the standout features of these loans is the potential for lower interest rates. With Texas Vet Loans, Texas veterans may find themselves saving more green in the long run compared to conventional loans.

Round 2: Lower Fees

The fees associated with Texas Vet Loans are like hidden treasures in the Texas sand. They are typically lower than those of conventional loans, meaning you can keep more of your hard-earned cash for things like cowboy boots and barbecue.

Round 3: No Down Payment

And now, entering the ring, it’s VA Loans! These loans pack a powerful punch with the ability to purchase a home without a down payment. That’s right; you can become a homeowner without emptying your saddlebags.

Round 4: No Private Mortgage Insurance (PMI)

VA Loans strike back with another potent jab – they don’t require private mortgage insurance. Say goodbye to those pesky monthly PMI premiums, and hello to extra funds for Texas-sized steaks.

Round 5: Flexibility

Texas Vet Loans can be used to buy a primary residence or refinance your existing mortgage. VA Loans, on the other hand, offer versatility beyond just purchasing your dream home. You can use VA Loans for cash-out refinances and even to make energy-efficient improvements to your home, giving you more opportunities to spruce up your homestead.

The Final Round: Choosing Your Champion

Both Texas Vet Loans and VA Loans have their own unique charms that could make them the hero of your homeownership story. The key is understanding your financial situation and goals, then working with professionals to determine which loan option is the right fit for you.

In Summary: The Showdown

Texas Vet Loans and VA Loans both have their merits, and the decision ultimately depends on your circumstances. Texas Vet Loans offer lower interest rates and potentially lower fees, but VA Loans shine with no down payment and no PMI. It’s like a classic Texas showdown where the duelists bring their unique strengths to the table.

For a personalized recommendation based on your situation, reach out to experts who can guide you through the pros and cons of both options. They can run side-by-side comparisons to show you how each would impact your current circumstances. After all, in this housing market rodeo, it’s essential to have a trusty steed by your side.

Wrapping Up

In the Lone Star State, the choice between Texas Vet Loans and VA Loans can feel like choosing between boots and spurs – they both have their place in a Texan’s wardrobe. Ultimately, what matters is finding the right fit for your financial needs and homeownership dreams. So, saddle up, partner, and let the experts at Hurst Lending help you ride into your Texas home sweet home. Contact us today to start your journey towards homeownership with confidence and peace of mind. Yeehaw! 

For more details on our Texas Vet Loans please visit us at: https://hurstlending.com/conventional-loans/texas-vet-loans-2/

 

Veteran Home Loan Options: Exploring the Full Arsenal

So, you’ve learned about the showdown between Texas Vet Loans and VA Loans, but did you know there’s an entire arsenal of veteran home loan options available to you? Let’s continue our journey through the world of veteran-friendly mortgages, exploring other exciting choices that can help you secure your dream home.

USDA Home Loan: A Rural Retreat

If you’re looking to escape the hustle and bustle of city life, the USDA Home Loan program might be your ticket to a peaceful rural retreat. These loans, offered by the United States Department of Agriculture, aim to support homeownership in rural areas. With no down payment requirement and competitive interest rates, you can enjoy the tranquility of country living without breaking the bank.

VA Construction Loans: Build Your Dream Home

In the world of home financing, the VA One-Time Close Construction Loan with a zero down payment is a standout. This specialized loan allows qualifying veterans to combine the purchase of a lot and the construction of their new home into a single permanent mortgage loan under the VA program. It’s like having a blueprint for success in your homeownership journey.

The Right Fit for You

Choosing the right loan is like selecting the perfect tool for a job – it should fit your needs precisely. Each of these veteran home loan options comes with its own set of benefits and requirements, and the choice depends on your unique situation.

At Hurst Lending, we’re not just experts in Texas Vet Loans; we’re veterans’ allies on the path to homeownership. Whether you’re considering a Texas Vet Loan, exploring the building your own home with a VA construction loan, or seeking the versatility of conventional loans, our team of knowledgeable loan specialists is here to assist you.

We believe that every veteran deserves a home that feels like a haven, and we’re committed to helping you find the best loan option to suit your specific needs and financial situation. Contact us today, and let’s continue this exciting journey toward homeownership, armed with knowledge and confidence.

For more details on our Texas Vet Loans please visit us at: https://hurstlending.com/conventional-loans/texas-vet-loans-2/

 

Frequently Asked Questions About Texas Vet Loans

Now that we’ve explored the world of veteran home loans, let’s dive into some frequently asked questions to ensure you have all the information you need to make informed decisions about your homeownership journey.

Q: What types of homes qualify for the Texas Vet Loan Program?

A: To leverage the benefits of the Texas Vet Loan Program, your home must meet specific criteria:

  • It must be your primary residence.
  • The property should be located in the great state of Texas.
  • Eligible property types include single-family homes, townhomes, or condominiums.
  • Duplexes or other multi-family units are acceptable, provided they were constructed at least five years prior to the loan’s closing date.
  • New construction homes must adhere to Energy Star guidelines.

If your home doesn’t meet these requirements, don’t worry – we have other programs that may be a better fit for your needs.

Q: Can I secure a lower interest rate if I’m a disabled veteran?

A: Absolutely! Disabled veterans are entitled to a 0.5% lower interest rate on their home loans through the Texas Vet Loan Program. To qualify for this reduced rate on your Veterans Land Board (VLB) mortgage, you must have a service-connected disability of 30 percent or greater, verified by an Award Letter from the Department of Veterans Affairs (VA). The Texas Vet Loan Program is an excellent option for disabled veterans looking to maximize their benefits.

Q: Can unmarried surviving spouses of Texas veterans also benefit from lower rates?

A: Yes, they can! Unmarried surviving spouses of service members who died in the line of duty or due to a service-connected cause, and who were legal residents of Texas at the time of their death, are entitled to a 0.5% lower interest rate on their home loans through the Texas Vet Loan Program.

Q: Can I use the Texas Vet Loan Program if I’m planning to build a new home?

A: TexasVetLoans.com offers interim construction financing in many parts of Texas. When your new house is complete, we can seamlessly pay off your construction loan with our low-rate Texas Vet Loans, as discussed above. It’s essential to note that Veterans Land Board loans are specifically available for single-family residences, and the new home must meet various Energy Star qualifications.

Q: Are Texas Vet Loans better than VA Loans?

A: Texas Vet (Veterans Land Board) Loans are known for their incredibly low-interest rates, often comparable to or lower than standard VA loans. However, whether a Texas Vet Loan or a VA Loan is better for you depends on your unique situation. VA loans frequently have lower closing costs, and in some cases, the slightly higher interest rates on traditional VA loans, combined with reduced upfront costs, can make them a more sensible choice.

Moreover, both options do not require any mortgage insurance, even when financing 100% of your purchase. To make the best decision for your current circumstances, contact us, and one of our expert loan officers will guide you through the pros and cons of each option and provide side-by-side comparisons tailored to your needs. We’re here to help you find the ideal loan for your homeownership journey.

For more details on our Texas Vet Loans please visit us at: https://hurstlending.com/conventional-loans/texas-vet-loans-2/

About Scott Bialek

In addition to being one of the founders of Hurst Lending, I am also an attorney and real estate investor. I have a portfolio of residential and commercial properties. I have been helping our customers buy, sell, and refinance their homes since 2000. Our suite of industry-leading offers helps solve many common situations faced by homeowners and real estate investors. Have you ever experienced the frustration of trying to buy before you sell; Losing your dream home in a bidding war; Trying to obtain a No-Seasoning Cash-out loan; Being unable to get 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.

Please feel free to contact me directly if I can help provide a loan for your next purchase or refinance, or even if you just want advice on how to get started or expand your real estate investing activities.

Scott E. Bialek

Co-Founder, Hurst Lending

sbialek@hurstlending.com

*Disclaimer: This article is intended for informational purposes only and does not constitute legal, financial, or professional advice. Consult with a licensed professional before making any financial or real estate decisions.

Author: Scott Bialek, Co-Founder of Hurst Lending

Date: December 29, 2023

re Texas Vet Loans Better Than VA Loans?

If you’re a military veteran considering homeownership, you’ve probably heard about both Texas Vet Loans and VA Loans. Both programs are designed to assist veterans in achieving their dream of owning a home, but they come with their own unique perks and quirks. So, are Texas Vet Loans better than VA Loans? Let’s embark on a journey through the Lone Star State’s housing market to find out!

The Battle of the Benefits: Texas Vet Loans vs. VA Loans

Round 1: Lower Interest Rates

In the red corner, we have Texas Vet Loans! One of the standout features of these loans is the potential for lower interest rates. With Texas Vet Loans, Texas veterans may find themselves saving more green in the long run compared to conventional loans.

Round 2: Lower Fees

The fees associated with Texas Vet Loans are like hidden treasures in the Texas sand. They are typically lower than those of conventional loans, meaning you can keep more of your hard-earned cash for things like cowboy boots and barbecue.

Round 3: No Down Payment

And now, entering the ring, it’s VA Loans! These loans pack a powerful punch with the ability to purchase a home without a down payment. That’s right; you can become a homeowner without emptying your saddlebags.

Round 4: No Private Mortgage Insurance (PMI)

VA Loans strike back with another potent jab – they don’t require private mortgage insurance. Say goodbye to those pesky monthly PMI premiums, and hello to extra funds for Texas-sized steaks.

Round 5: Flexibility

Texas Vet Loans can be used to buy a primary residence or refinance your existing mortgage. VA Loans, on the other hand, offer versatility beyond just purchasing your dream home. You can use VA Loans for cash-out refinances and even to make energy-efficient improvements to your home, giving you more opportunities to spruce up your homestead.

The Final Round: Choosing Your Champion

Both Texas Vet Loans and VA Loans have their own unique charms that could make them the hero of your homeownership story. The key is understanding your financial situation and goals, then working with professionals to determine which loan option is the right fit for you.

In Summary: The Showdown

Texas Vet Loans and VA Loans both have their merits, and the decision ultimately depends on your circumstances. Texas Vet Loans offer lower interest rates and potentially lower fees, but VA Loans shine with no down payment and no PMI. It’s like a classic Texas showdown where the duelists bring their unique strengths to the table.

For a personalized recommendation based on your situation, reach out to experts who can guide you through the pros and cons of both options. They can run side-by-side comparisons to show you how each would impact your current circumstances. After all, in this housing market rodeo, it’s essential to have a trusty steed by your side.

Wrapping Up

In the Lone Star State, the choice between Texas Vet Loans and VA Loans can feel like choosing between boots and spurs – they both have their place in a Texan’s wardrobe. Ultimately, what matters is finding the right fit for your financial needs and homeownership dreams. So, saddle up, partner, and let the experts at Hurst Lending help you ride into your Texas home sweet home. Contact us today to start your journey towards homeownership with confidence and peace of mind. Yeehaw! 

For more details on our Texas Vet Loans please visit us at: https://hurstlending.com/conventional-loans/texas-vet-loans-2/

 

Veteran Home Loan Options: Exploring the Full Arsenal

So, you’ve learned about the showdown between Texas Vet Loans and VA Loans, but did you know there’s an entire arsenal of veteran home loan options available to you? Let’s continue our journey through the world of veteran-friendly mortgages, exploring other exciting choices that can help you secure your dream home.

USDA Home Loan: A Rural Retreat

If you’re looking to escape the hustle and bustle of city life, the USDA Home Loan program might be your ticket to a peaceful rural retreat. These loans, offered by the United States Department of Agriculture, aim to support homeownership in rural areas. With no down payment requirement and competitive interest rates, you can enjoy the tranquility of country living without breaking the bank.

VA Construction Loans: Build Your Dream Home

In the world of home financing, the VA One-Time Close Construction Loan with a zero down payment is a standout. This specialized loan allows qualifying veterans to combine the purchase of a lot and the construction of their new home into a single permanent mortgage loan under the VA program. It’s like having a blueprint for success in your homeownership journey.

The Right Fit for You

Choosing the right loan is like selecting the perfect tool for a job – it should fit your needs precisely. Each of these veteran home loan options comes with its own set of benefits and requirements, and the choice depends on your unique situation.

At Hurst Lending, we’re not just experts in Texas Vet Loans; we’re veterans’ allies on the path to homeownership. Whether you’re considering a Texas Vet Loan, exploring the building your own home with a VA construction loan, or seeking the versatility of conventional loans, our team of knowledgeable loan specialists is here to assist you.

We believe that every veteran deserves a home that feels like a haven, and we’re committed to helping you find the best loan option to suit your specific needs and financial situation. Contact us today, and let’s continue this exciting journey toward homeownership, armed with knowledge and confidence.

For more details on our Texas Vet Loans please visit us at: https://hurstlending.com/conventional-loans/texas-vet-loans-2/

 

Frequently Asked Questions About Texas Vet Loans

Now that we’ve explored the world of veteran home loans, let’s dive into some frequently asked questions to ensure you have all the information you need to make informed decisions about your homeownership journey.

Q: What types of homes qualify for the Texas Vet Loan Program?

A: To leverage the benefits of the Texas Vet Loan Program, your home must meet specific criteria:

  • It must be your primary residence.
  • The property should be located in the great state of Texas.
  • Eligible property types include single-family homes, townhomes, or condominiums.
  • Duplexes or other multi-family units are acceptable, provided they were constructed at least five years prior to the loan’s closing date.
  • New construction homes must adhere to Energy Star guidelines.

If your home doesn’t meet these requirements, don’t worry – we have other programs that may be a better fit for your needs.

Q: Can I secure a lower interest rate if I’m a disabled veteran?

A: Absolutely! Disabled veterans are entitled to a 0.5% lower interest rate on their home loans through the Texas Vet Loan Program. To qualify for this reduced rate on your Veterans Land Board (VLB) mortgage, you must have a service-connected disability of 30 percent or greater, verified by an Award Letter from the Department of Veterans Affairs (VA). The Texas Vet Loan Program is an excellent option for disabled veterans looking to maximize their benefits.

Q: Can unmarried surviving spouses of Texas veterans also benefit from lower rates?

A: Yes, they can! Unmarried surviving spouses of service members who died in the line of duty or due to a service-connected cause, and who were legal residents of Texas at the time of their death, are entitled to a 0.5% lower interest rate on their home loans through the Texas Vet Loan Program.

Q: Can I use the Texas Vet Loan Program if I’m planning to build a new home?

A: TexasVetLoans.com offers interim construction financing in many parts of Texas. When your new house is complete, we can seamlessly pay off your construction loan with our low-rate Texas Vet Loans, as discussed above. It’s essential to note that Veterans Land Board loans are specifically available for single-family residences, and the new home must meet various Energy Star qualifications.

Q: Are Texas Vet Loans better than VA Loans?

A: Texas Vet (Veterans Land Board) Loans are known for their incredibly low-interest rates, often comparable to or lower than standard VA loans. However, whether a Texas Vet Loan or a VA Loan is better for you depends on your unique situation. VA loans frequently have lower closing costs, and in some cases, the slightly higher interest rates on traditional VA loans, combined with reduced upfront costs, can make them a more sensible choice.

Moreover, both options do not require any mortgage insurance, even when financing 100% of your purchase. To make the best decision for your current circumstances, contact us, and one of our expert loan officers will guide you through the pros and cons of each option and provide side-by-side comparisons tailored to your needs. We’re here to help you find the ideal loan for your homeownership journey.

For more details on our Texas Vet Loans please visit us at: https://hurstlending.com/conventional-loans/texas-vet-loans-2/

About Scott Bialek

In addition to being one of the founders of Hurst Lending, I am also an attorney and real estate investor. I have a portfolio of residential and commercial properties. I have been helping our customers buy, sell, and refinance their homes since 2000. Our suite of industry-leading offers helps solve many common situations faced by homeowners and real estate investors. Have you ever experienced the frustration of trying to buy before you sell; Losing your dream home in a bidding war; Trying to obtain a No-Seasoning Cash-out loan; Being unable to get 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.

Please feel free to contact me directly if I can help provide a loan for your next purchase or refinance, or even if you just want advice on how to get started or expand your real estate investing activities.

Scott E. Bialek

Co-Founder, Hurst Lending

sbialek@hurstlending.com

*Disclaimer: This article is intended for informational purposes only and does not constitute legal, financial, or professional advice. Consult with a licensed professional before making any financial or real estate decisions.

Author: Scott Bialek, Co-Founder of Hurst Lending

Date: December 29, 2023

re Texas Vet Loans Better Than VA Loans?

If you’re a military veteran considering homeownership, you’ve probably heard about both Texas Vet Loans and VA Loans. Both programs are designed to assist veterans in achieving their dream of owning a home, but they come with their own unique perks and quirks. So, are Texas Vet Loans better than VA Loans? Let’s embark on a journey through the Lone Star State’s housing market to find out!

The Battle of the Benefits: Texas Vet Loans vs. VA Loans

Round 1: Lower Interest Rates

In the red corner, we have Texas Vet Loans! One of the standout features of these loans is the potential for lower interest rates. With Texas Vet Loans, Texas veterans may find themselves saving more green in the long run compared to conventional loans.

Round 2: Lower Fees

The fees associated with Texas Vet Loans are like hidden treasures in the Texas sand. They are typically lower than those of conventional loans, meaning you can keep more of your hard-earned cash for things like cowboy boots and barbecue.

Round 3: No Down Payment

And now, entering the ring, it’s VA Loans! These loans pack a powerful punch with the ability to purchase a home without a down payment. That’s right; you can become a homeowner without emptying your saddlebags.

Round 4: No Private Mortgage Insurance (PMI)

VA Loans strike back with another potent jab – they don’t require private mortgage insurance. Say goodbye to those pesky monthly PMI premiums, and hello to extra funds for Texas-sized steaks.

Round 5: Flexibility

Texas Vet Loans can be used to buy a primary residence or refinance your existing mortgage. VA Loans, on the other hand, offer versatility beyond just purchasing your dream home. You can use VA Loans for cash-out refinances and even to make energy-efficient improvements to your home, giving you more opportunities to spruce up your homestead.

The Final Round: Choosing Your Champion

Both Texas Vet Loans and VA Loans have their own unique charms that could make them the hero of your homeownership story. The key is understanding your financial situation and goals, then working with professionals to determine which loan option is the right fit for you.

In Summary: The Showdown

Texas Vet Loans and VA Loans both have their merits, and the decision ultimately depends on your circumstances. Texas Vet Loans offer lower interest rates and potentially lower fees, but VA Loans shine with no down payment and no PMI. It’s like a classic Texas showdown where the duelists bring their unique strengths to the table.

For a personalized recommendation based on your situation, reach out to experts who can guide you through the pros and cons of both options. They can run side-by-side comparisons to show you how each would impact your current circumstances. After all, in this housing market rodeo, it’s essential to have a trusty steed by your side.

Wrapping Up

In the Lone Star State, the choice between Texas Vet Loans and VA Loans can feel like choosing between boots and spurs – they both have their place in a Texan’s wardrobe. Ultimately, what matters is finding the right fit for your financial needs and homeownership dreams. So, saddle up, partner, and let the experts at Hurst Lending help you ride into your Texas home sweet home. Contact us today to start your journey towards homeownership with confidence and peace of mind. Yeehaw! 

For more details on our Texas Vet Loans please visit us at: https://hurstlending.com/conventional-loans/texas-vet-loans-2/

 

Veteran Home Loan Options: Exploring the Full Arsenal

So, you’ve learned about the showdown between Texas Vet Loans and VA Loans, but did you know there’s an entire arsenal of veteran home loan options available to you? Let’s continue our journey through the world of veteran-friendly mortgages, exploring other exciting choices that can help you secure your dream home.

USDA Home Loan: A Rural Retreat

If you’re looking to escape the hustle and bustle of city life, the USDA Home Loan program might be your ticket to a peaceful rural retreat. These loans, offered by the United States Department of Agriculture, aim to support homeownership in rural areas. With no down payment requirement and competitive interest rates, you can enjoy the tranquility of country living without breaking the bank.

VA Construction Loans: Build Your Dream Home

In the world of home financing, the VA One-Time Close Construction Loan with a zero down payment is a standout. This specialized loan allows qualifying veterans to combine the purchase of a lot and the construction of their new home into a single permanent mortgage loan under the VA program. It’s like having a blueprint for success in your homeownership journey.

The Right Fit for You

Choosing the right loan is like selecting the perfect tool for a job – it should fit your needs precisely. Each of these veteran home loan options comes with its own set of benefits and requirements, and the choice depends on your unique situation.

At Hurst Lending, we’re not just experts in Texas Vet Loans; we’re veterans’ allies on the path to homeownership. Whether you’re considering a Texas Vet Loan, exploring the building your own home with a VA construction loan, or seeking the versatility of conventional loans, our team of knowledgeable loan specialists is here to assist you.

We believe that every veteran deserves a home that feels like a haven, and we’re committed to helping you find the best loan option to suit your specific needs and financial situation. Contact us today, and let’s continue this exciting journey toward homeownership, armed with knowledge and confidence.

For more details on our Texas Vet Loans please visit us at: https://hurstlending.com/conventional-loans/texas-vet-loans-2/

 

Frequently Asked Questions About Texas Vet Loans

Now that we’ve explored the world of veteran home loans, let’s dive into some frequently asked questions to ensure you have all the information you need to make informed decisions about your homeownership journey.

Q: What types of homes qualify for the Texas Vet Loan Program?

A: To leverage the benefits of the Texas Vet Loan Program, your home must meet specific criteria:

  • It must be your primary residence.
  • The property should be located in the great state of Texas.
  • Eligible property types include single-family homes, townhomes, or condominiums.
  • Duplexes or other multi-family units are acceptable, provided they were constructed at least five years prior to the loan’s closing date.
  • New construction homes must adhere to Energy Star guidelines.

If your home doesn’t meet these requirements, don’t worry – we have other programs that may be a better fit for your needs.

Q: Can I secure a lower interest rate if I’m a disabled veteran?

A: Absolutely! Disabled veterans are entitled to a 0.5% lower interest rate on their home loans through the Texas Vet Loan Program. To qualify for this reduced rate on your Veterans Land Board (VLB) mortgage, you must have a service-connected disability of 30 percent or greater, verified by an Award Letter from the Department of Veterans Affairs (VA). The Texas Vet Loan Program is an excellent option for disabled veterans looking to maximize their benefits.

Q: Can unmarried surviving spouses of Texas veterans also benefit from lower rates?

A: Yes, they can! Unmarried surviving spouses of service members who died in the line of duty or due to a service-connected cause, and who were legal residents of Texas at the time of their death, are entitled to a 0.5% lower interest rate on their home loans through the Texas Vet Loan Program.

Q: Can I use the Texas Vet Loan Program if I’m planning to build a new home?

A: TexasVetLoans.com offers interim construction financing in many parts of Texas. When your new house is complete, we can seamlessly pay off your construction loan with our low-rate Texas Vet Loans, as discussed above. It’s essential to note that Veterans Land Board loans are specifically available for single-family residences, and the new home must meet various Energy Star qualifications.

Q: Are Texas Vet Loans better than VA Loans?

A: Texas Vet (Veterans Land Board) Loans are known for their incredibly low-interest rates, often comparable to or lower than standard VA loans. However, whether a Texas Vet Loan or a VA Loan is better for you depends on your unique situation. VA loans frequently have lower closing costs, and in some cases, the slightly higher interest rates on traditional VA loans, combined with reduced upfront costs, can make them a more sensible choice.

Moreover, both options do not require any mortgage insurance, even when financing 100% of your purchase. To make the best decision for your current circumstances, contact us, and one of our expert loan officers will guide you through the pros and cons of each option and provide side-by-side comparisons tailored to your needs. We’re here to help you find the ideal loan for your homeownership journey.

For more details on our Texas Vet Loans please visit us at: https://hurstlending.com/conventional-loans/texas-vet-loans-2/

About Scott Bialek

In addition to being one of the founders of Hurst Lending, I am also an attorney and real estate investor. I have a portfolio of residential and commercial properties. I have been helping our customers buy, sell, and refinance their homes since 2000. Our suite of industry-leading offers helps solve many common situations faced by homeowners and real estate investors. Have you ever experienced the frustration of trying to buy before you sell; Losing your dream home in a bidding war; Trying to obtain a No-Seasoning Cash-out loan; Being unable to get 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.

Please feel free to contact me directly if I can help provide a loan for your next purchase or refinance, or even if you just want advice on how to get started or expand your real estate investing activities.

Scott E. Bialek

Co-Founder, Hurst Lending

sbialek@hurstlending.com

*Disclaimer: This article is intended for informational purposes only and does not constitute legal, financial, or professional advice. Consult with a licensed professional before making any financial or real estate decisions.