The lone star state of Texas has always produced a strong lineage of warriors who have played an important role in shaping American history. Even today, the state of Texas is home to a large number of brave men and women who have served or are still serving in the U.S. Military Forces. Now, if you are a current and past member of the United States Armed Forces then, you can make homeownership a lot easier by getting a Texas Veteran Home Loan. Here in this post we would be looking at the various options that you have available when you want to buy a home in Texas.
The VA Loan Program
The Department of Veteran Affairs (VA) of the United States Federal Government guarantees the home loan taken by veterans and such loans are often called VA Loans. VA Loans are available to any veteran who has served for more than 90 days during wartime or more than 180 days during peacetime. It is also available to members of the National Guard and the Reserves who has served for more than six years. If you are a disabled veteran or the surviving spouse of a P.O.W, M.I.A or a veteran killed on the battlefield, even then you can apply for a loan.
The Texas Veteran Land Board Program
The Texas Veteran Land Board (VLB) also offers veterans in Texas assistance in home financing. It has the Texas veterans land loan program which helps Veterans to buy land in Texas. The VLB also offers financial assistance in form of loans to veterans to help them buy a property in Texas.
Which is the best option for you?
If you weigh all the pros and cons, then the VA Loans in Texas slightly edges out the Texas Veteran Land Benefits offered by the VLB. For one thing, VA Loans doesn't require you to pay for any mortgage insurance and you can even refinance your existing loan with a VA Streamline Refinance. There are several other benefits as well. Therefore, if you are a veteran who is looking for an easy way to buy a home in Texas, then Texas VA Loans might just prove to be a better option for you when compared to the Texas land grant for veterans. To get a VA Loan, all you need is to get in touch with a professional VA Loan Lender in Texas and get the best deals on VA Loans. Get a VA Backed Loan in Texas and settle down in this state which takes pride in being the home to over a million veterans.
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