VA Home Loans in Dallas, TX

A VA loan is guaranteed by the Department of Veteran Affairs. They are specifically designed for Active-Duty Service members, Veterans, Reservists, National Guard members, surviving spouses, and certain other individuals who meet eligibility requirements to purchase or refinance an existing mortgage.

VA Loan Benefits

Honoring Service with Home Lending Excellence

VA Home Loans in Dallas, TX

At HomeTown Lending, we extend our deepest gratitude to the men and women who’ve served our country. We’re committed to helping you transition into your new home with the respect and dedication you deserve. Our Texas VA loan specialists are at your service, ensuring you receive the full benefits available for your home loan.

We are a Texas VA-approved lender, offering both the VA Guaranteed Loan program and, for veterans with disabilities, the Texas Vet Loan program through the Texas Veteran Land Board (VLB). Our team is equipped to assist you, whether you’re purchasing a new home or refinancing, with our streamlined process from application to closing.

VA Loan Benefits for Texas Veterans

  • Competitive Low Rates
  • 100% Financing up to $766,550
  • 2024 Loan Limits at $766,550
  • Jumbo VA Loans for amounts exceeding $766,550
  • TX VET Program for eligible veterans
  • Simplified Qualifying Criteria
  • Alternative Credit Consideration
  • Up to 4% Seller Concessions
  • No Penalty for Early Loan Payoff
  • Funding Fee May Be Included in Financing
  • Eligibility for Manufactured Homes (Subject to Conditions)

How VA Loans Empower Texas Veterans

VA home loans are distinct government-backed loans secured by private lenders that offer easier credit qualification, lower rates, and zero down payment options. They were established in 1944 as part of the GI Bill, with a mission to ease the path to homeownership for service members and veterans.

HomeTown Lending is a proud VA-approved lender. Our dedicated VA loan experts are here to construct the optimal loan tailored to your individual needs. We’re recognized for our commitment to veterans and our proficiency in securing the right loans for their homes.

VA Loan Rates and Terms

  • Current Rate: 8.125% APR, 8.638% (30-Year VA)
  • 100% Financing Available
  • No Mortgage Insurance Required

Eligibility and Documents for a Texas VA Loan

To qualify for a VA loan, you’ll need to provide documentation of your military service, personal income, and assets. This includes:

  • VA Certificate of Eligibility (COE)
  • The last two years’ W2 statements
  • Recent pay stubs (one month)
  • Recent bank statements (two months)
  • DD214 form (if discharged from the military)

You’re eligible for a Texas VA home loan if you’re an active-duty service member, a veteran, or a surviving spouse of a U.S. service member.

VA Loans: Residency and Property Use

It’s required that the home financed with a VA loan be your primary residence. Investment properties are not eligible under this program. Mortgage rates and points are set by the lender, not the VA, which means offerings can vary between lenders.

2024 Texas VA Loan Limits

The VA guarantees 25% of your loan up to the limit of $766,550. The loan amount you’re approved for will depend on your financial history and creditworthiness. Our VA loan officers are on hand to discuss the VA loan limits and your eligibility.

Why Choose HomeTown Lending for Your VA Loan in Dallas, TX?

At HomeTown Lending, we don’t just offer loans; we offer a commitment to our veterans. If you have any questions or need further clarification, our VA loan specialists are ready to provide the answers and support you need. Let us serve you as you have served our nation, and help you find the perfect home in Dallas, Texas.