"Purchasing a home is part of the American Dream, and being able to help our Veterans fulfill their dreams is just part of our mission."
Texas Insider Report: AUSTIN, Texas – "Purchasing a home is part of the American Dream, and being able to help our Texas Veterans fulfill their dreams of homeownership while building strong families and reinforcing bonds with the communities they have so courageously served is just part of our mission," said Texas Land Commissioner – and Veterans Land Board (VLB) Chairwoman – Dawn Buckingham, announcing that the VLB has approved an increase for the VLB Home Loan amount from $766,550 to $806,500.
"Working to expand opportunities and support for Texans Veterans continues to be one of my priorities as VLB Chairwoman," said Commissioner Buckingham.
"The VLB is honored to continue assisting Veterans through their home-buying journey, from qualifying to closing," Buckingham said.
"The VLB is honored to continue assisting Veterans through their home-buying journey, from qualifying to closing," Buckingham said.All qualifying Veterans will continue to receive a competitive interest rate and Veterans with a Veterans Affairs (VA) service-connected disability rating of 30% or greater still qualify for a discounted interest rate.
Eligible Texas Veterans and Military Members can now apply for VA, Federal Housing Administration (FHA) or conventional financing using the Veterans Housing Assistance Program (VHAP) and a VLB participating lender.
Veterans who utilize VA-backed home-buying benefits along with VLB’s home loan program may be eligible for a home loan with no down-payment and no private mortgage insurance (PMI). VHAP can be used to purchase a single-family attached or detached home, townhome, or condominium.
Veterans can also use VHAP more than once.
- For more information about the home loan program and a list of VLB lenders, please Click Here.
