Are there any special mortgage programs for veterans?

Yes, there are special mortgage programs for veterans in Texas. The Texas Veterans Land Board provides veterans with access to land, home, and home improvement loans with below-market interest rates and repayment terms. Eligible veterans only have to pay a one-time funding fee of 0.5% to 3.3% of the loan amount, and there is no down payment or private mortgage insurance requirement. To qualify, veterans must have served at least 90 days of active service during wartime and have a satisfactory credit history and sufficient income to meet the loan payments. In addition, the Texas Department of Housing and Community Affairs provides veterans with access to homebuyer assistance programs. These programs provide down payment assistance and closing cost assistance to eligible veterans and their families. Veterans may also be eligible for certain federal programs, such as VA loans. VA loans provide veterans with 100% financing with no down payment, no private mortgage insurance, and competitive interest rates. To qualify for a VA loan, veterans must have served at least 90 days of active service during wartime or 181 days of active service during peacetime. They must also have a satisfactory credit history and sufficient income to meet the loan payments.

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