Home Loans

Home Loan Process

A home purchase is the average American's single largest investment. If you are a Veteran there are loan programs available to help purchase property and have your own piece of Texas.  The VA or the Texas Veterans Land Board (TVLB) may be able to help.

As a veteran you may qualify for the Veterans Affairs (VA) Home Guarantee Program (HGP). There is a misconception in the VA lends you the money for your home purchase; they guarantee the loan to the bank in your behalf. There are some great benefits in getting a VAHGP over other types of loans. You can find a list of the benefits by going to the VA Loan Production Web site. As a Texas Veteran you may also qualify for a home guarantee from the TVLB.

To find out more about the process of VA Guaranteed Loans and the Texas Vet Land Board Loans, TVLB, you can contact them directly online or by phone:  TVLB at 1-800-252-VETS (8387). If you have questions about a VA guaranteed loan or are having trouble getting a VA guaranteed loan contact the VA Regional Office.

See if you are eligible for a VA Home Loan Guaranty.
See if you are eligible for a TVLB Housing Assistance Program.

The TVLB with their VHAP has the same benefits and procedures as the VA home guarantee does but there are three major differences:

  1. Neither the VA nor TVLB have limits on how much the purchase price might be but they do have limits on how much they will guarantee the loan for. For the maximum amount the VA will guarantee please go to http://www.homeloans.va.gov/docs/2009_county_loan_limits.pdf (PDF). Contact the TVLB at http://www.glo.state.tx.us/vlb/contact.html for the most up to date information.
  2. The TVLB bases their interest rate off the VA but only changes weekly while the VA can change daily. Work with your realtor and lender to insure you are getting the better rate.
  3. If you are a disabled veteran (30% or greater) the TVLB will reduce the interest rate for you even more with the Veterans with Disabilities Program.

The TVLB also offers a unique program where they will do a direct loan for a smaller home purchase. For more information click on the TVLB Originated Loans.

Land Loans

The TVLB offers a unique loan that allows Texas Veterans to buy "their own piece of Texas." Click on the TVLB Land Program Web site to learn more.

My Privalege to Assist Veterans

Every real estate purchase will have it's own set of peculiarities, but they all follow a similar chain-of-events. It is my job and privilage, as a licensed Realtor in the State of Texas, to work closely with buyers and/or sellers to help avoid and handle any unforeseen complications in a land or  home purchase. I have attended seminars to learn more about the Texas Vet Land Board loan process and I am happy to be able to help our great nation's veterans.

On a personal note, both of my parents were active duty veterans and I have the highest regard and respect for the United States of America Veterans and thier familes service and dedication to our country.