Texas Vet Mortgage Loans
SWBC Mortgage is a participating lender in the Veterans Housing Assistance Program (VHAP).
If you're a veteran living in Texas, you may be eligible to purchase a home or permanently finance a primary residence with a Texas Vet loan. This competitive fixed-rate mortgage loan is available in 15- or 30-year terms and can be used for financing up to $417,000. It can also be used in conjunction with an FHA, VA, or conventional loan.
The opportunity is available to any veteran* whose service began after September 16, 1940. In addition to active vets and those who have previously served, the Texas Vet loan program is available to surviving un-remarried spouses of eligible Texas veterans who are missing in action (MIA), were killed in action (KIA), or died as a result of service-related issues.
The VHAP is available to qualified veterans residing and purchasing a home in Texas, regardless of where they were born. Plus, the program can be applied every time you purchase a primary residence in Texas, as long as only one VHAP loan is open at a time.
Texas Vet Loan Highlights
- Lender fees are controlled
- Highly competitive interest rates are offered, often lowering monthly payments and potentially saving thousands in interest over the life of the loan
- Qualified veterans with a 30% service-connected disability are eligible for an interest rate discount of 0.5%
- Any activated National Guard or Reservist with an existing VHAP loan may be eligible to receive 0% interest from the Texas Veterans Land Board during their time on duty plus three months immediately following.
*Dishonorable discharged vets are not eligible for VHAP financing.
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