VA. Military Mortgage 469-360-4952. VA Home Buyers Education Seminar. This seminar is designed to provide you education and knowledge on how to invest in yourselves and put equity into your future and above all, just to have a lot of fun today. VA. M ilitary Mortgage Mission Statement.
This seminar is designed to provide you education and knowledge on how to invest in yourselves and put equity into your future and above all, just to have a lot of fun today.
First, we believe every military service member and spouse, whether active duty, veteran, or reservist should be aware of their entitlement to a VA home loan. Furthermore, interested service members should have access to a knowledgeable VA loan officer and specialist to educate them and guide them through the VA home loan process.
Right to prepay WITHOUT penalty (lenders may require that any partial prepayments be in the amount of at least 1 monthly installment of principal or $100, whichever is less).
The property must be located in the United States, its territories, or possessions. The latter consist of Puerto Rico, Guam, Virgin Islands, American Samoa, and Northern Mariana Islands.
Payment & Investment Considerations
Texas Veterans Land Board
VA Purchase Program
VA Cash-Out Refinance Program
VA IRRRL Loan Program
* Loan amount must include the Funding Fee and veteran must have sufficient entitlement
How the Housing Assistance Program Works
The Veterans Housing Association Program (VHAP) provides financing up to $325,000 toward the purchase of a home to qualified Texas veterans. Loans for $45,000 or less are originated through the Texas Veterans Land Board’s (TVLB) direct loan program.
There is no maximum sales price with the VHAP; however, the TVLB can only loan up to $325k towards the purchase. The VHAP must be originated in conjunction with Federal Housing Administration (FHA), Veterans Administration (VA), or conventional financing. Loans over $45k must be originated by a participating lender.
The VHAP is not a refinancing program. If you have an existing loan on your home, you cannot use the VHAP to lower your interest rate, nor can the VHAP be used as a down payment on a home. It can only be used as a first lien on your primary residence.
The term of the loan can be 15, 20, 25 or 30 years.
VHAP loans typically require an escrow account to be set up for taxes and insurance.
Cosigners and guarantors may be accepted on the veteran’s behalf if the veteran has sufficient income to qualify for at least 60% of the monthly payments on the mortgage loan, including taxes and insurance.
Two married, eligible veterans may have only one active VHAP loan at one time
All TVLB loans are subject to credit approval
15 Year Term .250%
Veterans With Disability .350%
Qualified Service Era 1.06%
Good Credit Happens
Studies show that most credit reports have inaccuracies that may affect your credit score. It's your right to demand the most accurate credit reports possible, and to benefit from the improved credit score which results from correction. If your credit reports are not corrected and restored, any misinformation on your accounts can cause you to pay higher interest rates on everything from credit cards to home mortgages or vehicle loans.
Helping clients use the laws to improve their credit is a core Good Credit Happens service. Any negative accounts on your credit reports that you do not recognize or are inaccurate should be disputed and removed. The removal of such information can increase your credit score significantly. www.goodcredithappens.com
That said deciphering and choosing what information should be challenged could be difficult and not immediately obvious. Each "negative" on a credit report interacts with and may consist of multiple accounts and details and cleaning up the details can mean the difference between sub-prime credit and an accurate, optimized credit profile and an increase in the scores. www.goodcredithappens.com