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We've been getting requests for information on VA Grants in Texas, so I thought I would give some information about a VA housing grant that I have used in the past. Typically, we get calls from veterans that want to know what kind of VA Grants in Texas they qualify for and the only one that I really know about is the SAH, which is short for Specially Adapted Housing Program. This program works out really well for certain disabled vets that may need some modifications to a home they are purchasing. One family that I helped needed wheelchair ramps and modifications to the inside of the home. On top of that they needed money for a down payment, the VA gave this family $50,000 for fix the home and for the down payment. A small problem you may find is that many lenders won't allow you to escrow the funds to adapt the home. When this family came to me, they had a 30% down payment and no lender would lend them the rest of the money to purchase the home. Can you imagine that? Luckily, I knew of a few lenders that would allow this and they finally got their home financed. If you have any questions about VA grants in Texas and would like to apply for one, please give me a call and I can get you headed in the right direction to buy a home. If you would like to apply here is a link to the forms http://www.homeloans.va.gov/sah.htm |
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Veterans from the state of Texas can be proud of the fact that their Texas Veteran Home loan program actively supports environmental issues. The Texas Veteran Land Board has a history of supporting the conservation of our natural resources. One of the ways that this support can be evidenced is in the quality and energy efficiency of the Texas veteran home loans that it approves. Therefore, effective January 1, 2007, all new-construction homes financed through the Texas Veterans Housing Assistance Program (VHAP) must meet the U.S. Environmental Protection Agency's (EPA) new guidelines for ENERGY STAR® qualified homes.
What does this new policy mean to a veteran applying for a Texas Veteran Home Mortgage through the VLB? In technical terms, it means that each new home will need to follow all of the published EPA guidelines for energy efficient heating and air conditioning. This includes the completion of a Thermal Bypass Checklist by a certified Home Energy Rating System rater. This ensures that the insulation and other internal air barriers are properly installed. The bottom line is that you will know that your new home will make the best use of the resources necessary to keep your house comfortable. This not only helps preserve our natural resources, it can also save you money on your annual heating and cooling bills. When it comes time to buy that new home or remodel the one that you have, make sure you are dealing with people who understand the needs and the resources associated with VA and Texas Veterans home loans – and are sensitive to our fragile natural resources. |
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Veterans from the state of Texas can take advantage of the Texas Veteran Home loan program. Texas Veteran home mortgages are one of three assistance programs available through the Texas Veterans Land Board. Unlike the Veterans Administration, the Texas Veterans Land Board (VLB) is operated by the State of Texas for the purpose of providing Texas Veterans home loan assistance. The Veterans Land Board can not only guarantee a loan, it can directly originate a loan if the maximum loan amount borrowed is $45,000 or less. For those loans which are over the $45,000 amount, the VLB will secure an outside lender to cover the loan – up to $325,000.
One of the differences between the Texas Veterans Home Mortgage and the Veterans' Administration loan guarantee program is that the Veterans' Land Board can offer three different types of loans. In addition to the VLB Housing Assistance Program, which is designed to cover the cost of building a new home or purchasing an existing home, the VLB offers two other loan types.
The first is the land loan, which provides funding to purchase land. In this case, the Texas Veterans Land Board (VLB) will purchase the tract of land in which you are interested, then resell the land to you. Once the land loan is paid off, the deed will be transferred to you. The third loan type is the home improvement loan. The Texas Veterans Land Board (VLB) will lend eligible Texas veterans up to $25,000 for up to 20 years on an FHA insured, fixed-rate note to make substantial repairs to their existing primary residence. Unique to the VLB, Texas veterans can use all three Texas veterans' loan programs at one time. This multiple eligibility simply means you can receive a land loan and a housing loan and a home improvement loan. These loans are not affiliated with the Veterans Administration programs and have no effect on your eligibility for VA loan guaranty programs. Consequently, even if you have used your VA Home Loan entitlement, you may still benefit from the Texas Veteran Home Loan offerings. The Texas Veteran Home Loan program has been in existence since 1946, but less than 2,000 veterans take advantage of it each year. When it comes time to buy that new home or remodel the one that you have, make sure you are dealing with people who understand the needs and the resources associated with VA and Texas Veterans home loans. |
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It may seem like the process for getting a VA home loan is just too complicated to be worthwhile. This is probably the biggest myth of all. All it takes is to have someone who understands the process to guide you. Click to continue - VA Loan Mythbusters - Final |
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Between February 28, 1961, and May 7, 1975, more than 6 million Vietnam-era veterans were separated from military service. This unprecedented influx of veterans into the system not only affected the VA Home Loan program, it also stretched the very fabric of our nation. Click to continue - VA Home Loan History 401 |
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