Loan Program
VA Loan in Texas
A home loan benefit for eligible veterans, service members and surviving spouses.
What is a VA loan?
A VA loan is guaranteed by the U.S. Department of Veterans Affairs. It's open to eligible veterans, service members and some surviving spouses. Who's eligible depends on your service, your entitlement and your situation.
Who looks at a VA loan
- Veterans
- Active-duty service members
- Eligible surviving spouses
Where a VA loan can help
- May offer a no-down-payment option for eligible borrowers
- No monthly mortgage insurance (a funding fee may apply)
- A government-backed benefit
The steps, in order
A first conversation, then a review of your goals and finances, then comparing loans. After that come a secure application, your documents, underwriting, and final approval and closing. No approval is implied before underwriting.
- 1.A first conversation
- 2.A review of your goals and finances
- 3.Comparing loans
- 4.A secure application
- 5.Your documents
- 6.Underwriting
- 7.Final approval and closing
What to weigh with a VA loan
- A VA funding fee may apply (some borrowers are exempt)
- The home must meet VA standards
What a lender reviews for a VA loan
- VA Certificate of Eligibility
- Credit and income review
- Plans to live in the home
Property rules for a VA loan
- • VA minimum property requirements
- • The appraisal
Documents for a VA loan
- DD Form 214 or service records
- VA Certificate of Eligibility
- Proof of income
The down payment on a VA loan
Mortgage insurance on a VA loan
Questions to ask Bert about a VA loan
- Does my situation fit this kind of loan?
- What documents will I need?
- What costs should I plan for besides the down payment?
- What is my VA entitlement?
- Does the funding fee apply to me?
Talk it through with Bert
Program availability and eligibility vary. Ask Bert whether this loan fits your situation.
Schedule a CallImportant
This is educational information, not a commitment to lend or a guarantee of eligibility. Eligibility, pricing, rates, and terms depend on the borrower and transaction. A licensed mortgage professional must review your complete scenario.