Disabled Veterans benefits for VA Loans and Texas Vet mortgages
There are a number of benefits for Veterans with disability ratings from VA from the Veterans Affairs, Texas Veterans Land Board and the State of Texas.
VA Loan disabled Veteran benefits in Texas
Veterans purchasing or refinancing with with a VA loan that are guaranteed by the U.S. Department of Veterans Affairs that are 10% or greater service connected disability rating are exempt from the VA funding fee. Learn more information about the VA Funding Fee here.
Texas Vet Loan disabled Veteran benefits
Veterans with disabilities may qualify for an interest rate reduction on their VLB Home or Home Improvement Loans.
The veteran must have a compensable service-connected disability of 30 percent (30%) or greater as verified by an Award Letter from the Department of Veterans Affairs (VA). The reduction is a full 50 basis points, or one-half of one percent on the available VLB loan interest rate.
Property Tax Exemption Benefits for disabled Veterans in Texas
A disabled veteran in Texas may receive a property tax exemption of up to $12,000 on their primary residence, depending on the disability rating. A full property tax exemption is available for veterans who are 100 percent disabled as a result of service.
|an exemption of up to||for a disability rating of:||but less than:|
|$5,000 of the assessed value||10%||30%|
|$7,500 of the assessed value||30%||50%|
|$10,000 of the assessed value||50%||70%|
|$12,000 of the assessed value||70% and over|
What benefits do I qualify for?
We can help you find out all of the disabled veterans benefits that you would qualify for and make the home buying or refinancing process go smooth.
Please fill out the form to the right or contact us and we will get the process started for you.
Have questions about VA Loans ???
It doesn't matter if the home your looking to purchase or refinance is in Austin, San Antonio, Dallas, Houston, El Paso or Corpus Christi, as long as it is in our great state of Texas, we can help you.
Please give us a call at 210-656-1134, for a No Cost, No Credit Check, and No Obligation consultation and find out how much you qualify for.