Valoans Houston USA

VA Loan Guide - VA Home Loans Houston

VA Loans are guaranteed by private lenders Houston and mortgage companies Houston to eligible veterans and for personnel's who are on active duty for purchase of a home that must be for their own personal use. To get a loan, the veteran must apply with a lender. If the loan is approved, VA will guarantee a portion of it to the lender.

Requirements For VA Loan Houston Approval

Guidelines For Obtaining VA loan Houston As Per Law:

  • Applicant must be an eligible veteran or surviving spouse who has an entitlement
  • Veteran must occupy the property as their primary residence
  • Eligible loan purposes

Eligible Veterans And Personnel's On Active Duty Can Obtain Loans For The Following Purposes:

  • To buy a home up to 4 units for one veteran, including townhomes or condominium units in a VA approved project
  • To refinance an existing home loan
  • To reduce the interest rate (IRRL)
  • To convert adjustable rate mortgage to a fixed mortgage payment
  • To convert a conventional loan into a VA loan

Advantages Of VA Home Loan Houston

  • 100% Financing (No down payment required)
  • No cash reserves required
  • VA funding fee can be financed
  • Seller can contribute 4% to cover closing cost
  • No monthly mortgage insurance
  • More lenient on credit rating

For more information about VA Loans, please feel free to call us. A VA Loan Specialist will be waiting to help you.

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