VA Benefits Houston

Texas Veteran Land Board Houston

Texas Veteran Land Board Houston

In 1983, the Legislature created VLB Veterans Housing Assistance Program to assist Texas Veterans in purchasing a home. Through this program, eligible Texas veterans got an opportunity to purchase homes at an unbelievably, low-interest rate with little or no down payment.

Texas Veteran Loan Board Program Houston Requirements

  • Must be the veteran's primary residence
  • Must be located in Texas
  • Must be a single family attached or detached home, town home, condominium or planned unit development.
  • Duplexes or other multi-family units must have been constructed at least five years prior to the closing date of the loan.
  • Manufactured / modular homes may be eligible.
  • New homes must meet Environmental Protection Agency's (EPA) guidelines for ENERGY STAR®

Texas Veteran Land Board Loan Discounts Houston

Disabled Veteran Discount

Veterans with disabilities qualify for an interest rate reduction on their VLB Home or Home Improvement Loans. The veteran must have a service-connected disability of 30 % or greater as verified by an Award Letter from the Department of Veterans Affairs (VA). The reduction is a full 50 basis points on the available VLB loan interest rate. If you have any questions about the required documentation, please contact VLB.

The veteran must meet all eligibility requirements for these loans to qualify for this discount.

Surviving Spouse Discount

To honor Texas veterans, VLB offers a substantial interest rate reduction on Home and Home Improvement Loans to the surviving spouse of any service member killed in the line of duty. The reduction is a full 50 basis points on the available VLB loan interest rate.

An unmarried surviving spouse of a veteran who is missing in action, died in the line of duty, or died from a service related cause and had a compensable service-connected disability rating of 30% or greater (as verified by an Award Letter from the VA) at the time of death is also eligible for this discount.

This reduction results in savings to the tune of tens of thousands of dollars for qualifying applicants. The surviving spouse must meet all other eligibility requirements for the Home, and Home Improvement Loan programs.

For more information about VA Loans, please feel free to contact us. A VA Loan Specialist will be waiting to help you. Call Us: 713-364-8913.

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