"Texas Vet" Loans

These programs are offered by the Texas Veterans Land Board and may be available to you if you were a resident of Texas when you joined the military or you've been a resident of Texas for the last 12 months.   Eligibility is completely independent of the Federal VA programs.

Veterans Housing Assistance Program (VHAP)
This program is commonly referred to as a "Texas Vet" loan.  It provides below market interest rates for qualified Texas veterans to purchase a primary residence in the State of Texas.  This program cannot be used for refinancing an existing mortgage and must be originated with a mortgage company, like ours, not directly with the Texas Veterans Land Board.

Home Improvement Program
This program allows qualified Texas veterans to borrow up to $25,000 directly from the Texas Veterans Land Board to make substantial repairs to your existing primary residence.  The interest rate and discounts are the same as the VHAP program above.  This program is direct with the Texas Veterans Land Board and does not involve outside lenders like ourselves.

Land Direct Purchase Program 
This program finances up to $80,000 for qualified Texas veterans to purchase raw land in the State of Texas with as little as 5% down.  Interest rates are set weekly by the Land Board and all land loans are directly processed by them and not outside lenders.

If you are not eligible for these programs, you may still be eligible for the VA program or our Conventional programs such as piggyback "80/20" loans, My Community loans, and "stated income" programs.  Apply for pre-approval and find out what is best for your circumstances.

 

Chad Bowman
Mortgage Broker #74698
(512) 646-0800

Email Chad

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11940 Jollyville, Ste. 130N
Austin, Texas 78759

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