Texas Insider Report: AUSTIN Texas In 1983 the Legislature created the VLB Veterans Housing Assistance Program to assist Texas veterans in purchasing a home. Through this program eligible Texas veterans have an opportunity to purchase a home with an unbeatable low-interest loan with little or no money down.
The VLB can make a Home Loan for most types of homes but check to make sure but visiting their website at: http://www.glo.texas.gov/vlb/veterans-benefits/veteran-loans/home-loans/index.html
Texas veterans must find a lender participating in the Veterans Housing Assistance Program (VHAP) and request a Texas Veterans Home Loan application to start the process. Once the application has been completed it must be returned to the lender. Find A Lender at the website: http://www.glo.texas.gov/vlb/veterans-benefits/veteran-loans/find-a-lender.html
The veteran must occupy the home within 60 days after the closing of the loan and the home must remain the veterans primary residence for at least three years.
Efficient homes at great rates . . .
To be eligible for VLB Home Loan financing new-construction homes must meet the federal government standards for energy efficiency in the Energy Star™ program. Learn More at website above.
Disabled veteran?
The VLB offers an interest rate reduction to qualifying veterans with disabilities. Learn More at website above.
Building a house?
While the VLB cannot provide interim construction financing Texas veterans can work with participating lenders to use a take-out" loan when the home is complete. For more information about the program you may also call the VLB help line toll-free at this number:
1.800.252.VETS (8387) . Or contact directly Jimmy Smaragdis VLB Lender Liaison at (512) 463-9299.
Texas Insider Report: AUSTIN Texas In 1983 the Legislature created the VLB Veterans Housing Assistance Program to assist Texas veterans in purchasing a home. Through this program eligible Texas veterans have an opportunity to purchase a home with an unbeatable low-interest loan with little or no money down.
The VLB can make a Home Loan for most types of homes but check to make sure but visiting their website at: http://www.glo.texas.gov/vlb/veterans-benefits/veteran-loans/home-loans/index.html
Texas veterans must find a lender participating in the Veterans Housing Assistance Program (VHAP) and request a Texas Veterans Home Loan application to start the process. Once the application has been completed it must be returned to the lender. Find A Lender at the website: http://www.glo.texas.gov/vlb/veterans-benefits/veteran-loans/find-a-lender.html
The veteran must occupy the home within 60 days after the closing of the loan and the home must remain the veterans primary residence for at least three years.
Efficient homes at great rates . . .
To be eligible for VLB Home Loan financing new-construction homes must meet the federal government standards for energy efficiency in the Energy Star™ program. Learn More at website above.
Disabled veteran?
The VLB offers an interest rate reduction to qualifying veterans with disabilities. Learn More at website above.
Building a house?
While the VLB cannot provide interim construction financing Texas veterans can work with participating lenders to use a take-out" loan when the home is complete. For more information about the program you may also call the VLB help line toll-free at this number:
1.800.252.VETS (8387) . Or contact directly Jimmy Smaragdis VLB Lender Liaison at (512) 463-9299.
