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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Your Military Relocation Specialist "Serving You For All Your Real Estate Needs"

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 Jerry Newman, MA, REALTOR®, ABR®, GREEN, MRP, CMRS

US Army Retired   

 

Certified Military Residential Specialist

                               Military Relocation Professional

        

 

                

 

               

 

 

 

 

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Sue Ellett 02/08/2012 07:43 AM
Topic:
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Ambassador
794,828
Jerry Newman
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Fred. That 7.25% is for the Land Loans only. Home Loans are presently at 3.58%.  It could be even lower for those vets with more than 30% or more disability.

Have a Great Week!

Feb 07, 2012 10:03 PM #12
Ambassador
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Your Guide to Joyful Colorado Living!

Jerry,  I had no idea rates for land were so much higher than SFR's.  Makes sense though.  What a great opportunity to buy a piece of land and start a future.  The fact that they only need 5% down is incredible.

Feb 07, 2012 10:12 PM #13
Ambassador
794,828
Jerry Newman
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Belinda. Yes, These Land Loans are a little different than Single Family Residence Loans. Now, a vet can buy a small piece of land starting at one acre to build his dream home on later. I tried to convince my family to move to the country with some acres awhile back, but they like the city to much.

Feb 07, 2012 10:27 PM #14
Rainmaker
1,436,385
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

and very deserving I might add good for all to show apprecation to the great men and women

Feb 07, 2012 11:05 PM #15
Rainer
234,320
Doug Bullwinkel
Vitek Mortgage Group - Roseville, CA
NMLS #281609

Texas really knows how to treat their veterans by offering these special programs to them.  I could even qualify for this program but I'd have to move to Texas.  May someday soon Jerry. 

Feb 08, 2012 02:16 AM #16
Rainmaker
1,396,646
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

Thanks for pointing out some of the benefits that Texas has to offer to the veterans Jerry.

Feb 08, 2012 03:52 AM #17
Rainmaker
270,154
Sue Ellett
Coldwell Banker United, REALTORS (Paragon Property Group) - Marble Falls, TX
Marble Falls, & Austin, TX, Lake Travis, Lake LBJ

Texas does have awesome vet programs and it's great to the word out.  I'll reblog! 

Feb 08, 2012 07:07 AM #18
Rainmaker
598,370
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Jerry-Thanks for the info. Last time I checked on the Veterans Land Program, I thought it required five acres, minimum.  Good info.

Feb 08, 2012 08:27 AM #19
Ambassador
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Jerry Newman
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Charles. I am glad to see Texas leading the way in honoring our veterans. Have a Wonderful Day!

Feb 08, 2012 12:03 PM #20
Ambassador
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Jerry Newman
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Doug. As a veteran yourself, you would certainly benefit from these nice benefits, if you ever decided to make that Move to Texas. Have a Great Day!

Feb 08, 2012 12:05 PM #21
Ambassador
794,828
Jerry Newman
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

You are Welcome, Tom. We need to get the word out there to all those vets. I know many may not know about these benefits.

Feb 08, 2012 12:07 PM #22
Ambassador
794,828
Jerry Newman
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Sue. I appreciate your help in spreading the word to all our Veterans. Have a Wonderful Day in Austin, TX.

Feb 08, 2012 12:08 PM #23
Ambassador
794,828
Jerry Newman
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Wayne, The TVLB dropped that requirement of 5 acres down to one acre last year. I found out about it at the Veterans Clinic at Live Oak last year. Have a Great Day!

Feb 08, 2012 12:10 PM #24
Rainer
391,721
Kristine Ginsberg
Morris County, NJ: Elite Staging and Redesign, LLC - Morris Plains, NJ
Morris County, NJ Stager

Jerry - It's nice to know that Texas takes care of our Veterans and they are offered so many options. The least we can do for our military who fights everyday for our freedom is reward with special programs and discounts! Great blog!

Feb 08, 2012 01:11 PM #25
Rainmaker
592,348
Michele Cadogan
Fillmore Real Estate - Brooklyn, NY
917-861-9166 - Brooklyn Real Estate Home Sales

 

Jerry,

You are right Texas does have some great benefits for its military veterans, good of you to get the word out. 

Feb 08, 2012 02:16 PM #26
Ambassador
794,828
Jerry Newman
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

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!

Feb 08, 2012 02:44 PM #27
Ambassador
794,828
Jerry Newman
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

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

Feb 08, 2012 02:52 PM #28
Rainmaker
720,980
Yolanda Cordova-Gilbert
David Weekley Homes - Katy, TX
David Weekley Homes in Cinco Ranch

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!

Feb 08, 2012 03:05 PM #29
Ambassador
794,828
Jerry Newman
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

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.

Feb 08, 2012 03:42 PM #30
Rainmaker
1,786,272
Dorie Dillard
Coldwell Banker United Realtors - Austin, TX
Realtor-Canyon Creek- NW, Austin TX Homes For Sale

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!

Feb 09, 2012 06:44 AM #31
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Jerry Newman

Texas REALTOR, San Antonio Military Relocation
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