Texas VA Lender
Veterans Affairs (VA) Loans – Frequently Asked Questions
Incredible Loan Program for Those Who Served
VA Loans offer 100% Financing options for military personnel & veterans.* Every day, military personnel and veterans enter the real estate market, unaware there is a financing option exclusively for them.
Call Leaman Team today: (512) 710-1400.
There is no cost to apply for a VA loan with Leaman Team. Great Rates, Low Fees, Close On Time®
Who qualifies for a VA loan?
- Active-duty service members
- Reservists & National Guard who have served or currently serve on active duty.
What benefits are there to VA loans?
- 100% Financing for purchase or refinance with sufficient entitlement*;
- 30-year fixed rate or adjustable-rate loans;
- You may qualify for a VA loan with less than perfect credit;
- Available to veterans & their spouses.
Other Benefits Include:
- No monthly mortgage premiums.
What’s the difference between a VA loan and an FHA loan?
- FHA loans are insured by the Federal Housing Administration and require a minimum 3.5% down payment.*
- VA loans are guaranteed by the Veterans Administration and offer 100% financing for qualified borrowers with sufficient entitlement.*
What property types qualify for VA loans?
- 1-4 Family residential properties;
- VA and FHA-approved condos;
VA does not have an acreage limitation; however, VA requires comparable sales to be on like acreage to meet appraisal guidelines.
What’s the minimum and maximum amount a person can borrow?
With sufficient entitlement, there is no maximum loan amount for home financing with VA loan.
Do VA loans take longer to close than other loan programs?
3-Week closings available.
There is no cost to apply for a Texas VA loan with Leaman Team | LoanPeople. If you or someone you know has questions, please contact our expert VA mortgage team today: (512) 710-1400.
Loan Amount: $185,000
Loan Term: 360 Months
Interest Rate: 3.75
Annual Percentage Rate (APR): 3.80