On Thursday, Jan. 23, Texas Land Commissioner George P. Bush announced that Texas Veterans and Military Members are now eligible for low-interest home loans up to $510,400. The new loan limit will take effect on Friday, Jan. 24 for all applications received on or after that date.
In 1983, the Texas Legislature created the VLB Veterans Housing Assistance Program, to aid Texas Veterans in purchasing a home. Eligible Texas Veterans, Military Members, and their spouses can purchase a home with a competitive, low-interest loan with little or no down payment. They can borrow up to $510,400 on a fixed-rate loan for 15-, 20-, 25- or 30-year term.
Veterans with a VA service-connected disability rating of 30% or greater qualify for a discounted interest rate. You can check the interest rates in real time on our website. Under Texas General Land Office Commissioner George P. Bush's leadership, the VLB offers many exclusive programs to Texas Veterans.
Visit vlb.texas.gov to find out about our benefits only in Texas. The VLB benefits specialists are happy to answer any questions or provide assistance. Please call us at 1-800-252-8387 or send an email to firstname.lastname@example.org.
For more information, contact Sandra at the Veterans Service Office at 602 Strong Ave on Tuesdays and Thursdays from 10 a.m. to 3 p.m., or call 365-3612.