Audio articles on Wilson County News made possible by C Street Gift Shop in downtown Floresville!
Texas Land Commissioner and Veterans Land Board (VLB) Chairwoman Dawn Buckingham, M.D., has 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.
All qualifying veterans will continue to receive a competitive interest rate, and veterans with a Veterans Affairs (VA) service-connected disability rating of 30 percent 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, visit www.glo.texas.gov/veterans/ home-loans.
