Texas Has Great Benefits for Texas Military Veterans

By
Real Estate Agent with Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com TREC #0492321
http://actvra.in/sBD

Texas has Great Benefits for Texas Military Veterans

Texas VetsEligible Texas Veterans may apply for Land Loans, Forfeited Land Sales, Home Loans, or Home Improvement Loans. All of theses loans are made possible by the Texas Veterans Land Board. The TVLB was created in 1946 to assist veterans returning from World War II with an opportunity to own a piece of Texas. Since that time, the Board has dramatically expanded the kinds of loans and benefits available to Texas veterans and their families, all at little or not cost to Texas taxpayers. Today, the VLB manages a billion dollar loan program, oversees long-term care facilities, and state cemeteries across Texas - all exclusively for Texas veterans.

The Texas VLB loans and benefits are funded by bonds supported by the veterans participating in the program. Because veterans are reliable and responsible borrowers, these bonds are financially strong and allow for the most robust state veteran s benefits in the nation. So, what is the eligibility criteria for military veterans?Salute to Texas Vets

These benefits are available to any Texas veteran who served on active duty or reserve duty in any branch of the U.S. Armed Forces or the National Guard, and has not been dishonorably discharged, and claims Texas as a primary residence. The residency requirement is easy to obtain for any military member. Other eligibility rules may apply. Spouses and dependent children of Texas veterans may be eligible for certain benefits too.

A Texas veteran wishing to buy land and own a piece of Texas may purchase one or more acres. Borrow up to $80,000 for a 30-year fixed rate loan at 7.25% interest, with a minimum of 5% down payment. The veteran must obtain a certified survey, have the lad appraised by a VLB representative, and pay $325 appraisal and contract service fee. What a great opportunity to be able to purchase land a with a below market interest rate.  

Home Loans also give our Texas veterans a chance to purchase their Dream Homes with unbeatable, below-market interest rates, with little or no money down.  The Texas VLB can make loans on most type of homes, but it must be the veterans primary residence, must be located in Texas, and it must be “Energy Star” compliant. Other requirements may apply.

Disabled Veterans and Surviving Spouses may qualify for an interest rate reduction of 50 basis points or one half of 1% on the available VLB rate for both VLB Home Loans, and Home Improvement Loans. To be eligible for this extra discount, veterans must have 30% or more service connected disability as rated by the VA. The loan limit is set at $325,000 for Home Loans, and $25,000 for Home Improvement Loans. For more information of any of these benefits for Texas Veterans, Contact your Local San Antonio Real Estate Agent. Veterans may also see Texas Veterans Loans for additional requirements and information too.  
 

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Re-Bloggged 1 time:

Re-Blogged By Re-Blogged At
  1. Sue Ellett 02/08/2012 07:43 AM
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Topic:
ActiveRain Community
Location:
Texas Bexar County San Antonio
Groups:
All Thing's Texas
HyperLocal Neighborhood and Community Posts
Military
Military Relocations
Posts to Localism
Tags:
texas veterans loans
texas benefits for spouses and children of vets
benefits for texas vets

Comments 31 New Comment

Ambassador
712,352
Jerry Newman
Texas REALTOR, San Antonio Military Relocation
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com

Hi Kristine. I know I am grateful for all our veterans, and I am glad that Texas has decided to honor them with these nice benefits. Enjoy the rest of this week!

February 08, 2012 02:44 PM
Ambassador
712,352
Jerry Newman
Texas REALTOR, San Antonio Military Relocation
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com

Yes, Michele. As a veteran myself, I love all these great benefits that Texas has for our vets. Enjoy the rest of your Week!

February 08, 2012 02:52 PM
Rainmaker
559,281
Yolanda Cordova-Gilbert
David Weekley Homes in Cinco Ranch
David Weekley Homes

Jerry,

              Great information, I have had a few deals like this it is a great program for the Vet. Also, thanks so much for reblogging Sherri's story I remember another A/R member posting this in December and I kept wondering about her! Stopped by and of course I have been praying for her!

February 08, 2012 03:05 PM
Ambassador
712,352
Jerry Newman
Texas REALTOR, San Antonio Military Relocation
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com

Thanks, Yolanda. I know Sherri will appreciate all the prayers and support she receives from her AR Family. It's truly a miracle for Ashlee to come through all that she did.

Yes, Our Vets are very Blessed to have these nice benefits.

February 08, 2012 03:42 PM
Rainmaker
1,521,696
Dorie Dillard
Realtor-Canyon Creek- NW, Austin TX Homes For Sale
Coldwell Banker United Realtors

Good morning Jerry,

I came from Sue's re-blog. I missed this one and it is excellent! There are some really fantastic veteran benefits offered in Texas.....all veterans should read this post and give you a call as you are in the know!

February 09, 2012 06:44 AM
Ambassador
712,352

Jerry Newman

Texas REALTOR, San Antonio Military Relocation
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