Texas Land Commissioner and Veterans Land Board (VLB) Chairwoman Dawn Buckingham, M.D., announced that the VLB has approved an increase for the VLB home loan amount from $806,500 to $832,750, an increase of $26,250.
“I am thrilled to continually expand opportunities for Texas Veterans who desire to own a home in the great state of Texas,” said Commissioner Buckingham. “As VLB Chairwoman, I will continue to lead the VLB as we help deliver the promise of the American Dream to our Veterans and their families because owning their own home is incredibly special. The VLB is honored to continue assisting Veterans through their home-buying journey, from qualifying to closing.”
All qualifying Veterans will continue to receive a competitive interest rate and Veterans with a Veterans Affairs (VA) service-connected disability rating of 30% or greater still qualify for a discounted interest rate. Eligible Texas Veterans and Military Members can now apply for VA, Federal Housing Administration (FHA) or conventional financing using the Veterans Housing Assistance Program (VHAP) and a VLB participating lender.
Veterans who utilize VA-backed home-buying benefits along with VLB’s home loan program may be eligible for a home loan with no down-payment and no private mortgage insurance (PMI). VHAP can be used to purchase a single-family attached or detached home, townhome, or condominium. Veterans can also use VHAP more than once.
For more information about the home loan program and a list of VLB lenders, please click the button below:
