Questions & Answers

I only want to buy land with my Texas Vet eligibility… Can you do this for me?
Sorry, but the Texas Veterans Land Board does not allow outside lenders to do the “land only” portion of their program. You must go directly to the Veterans Land Board in Austin for this. (800-252-8387)

I want to use my Texas Vet eligibility to purchase a home… Can you do this for me?
Absolutely, this is what I do!

I only want a 15 year mortgage… Can I get a lower rate?
This discount has been eliminated as of August 8, 2008.

I am VA disabled (service related), I understand there is an additional discount available to me. What are the rules, and what is the discount off the weekly rate?
You must be at least 30% VA disabled, and have paperwork to support it. Discount off rate is .50%.

I am purchasing a brand new home. I understand there is something about Energy Star that I need to know?
All new home purchases that will have a Texas Vet Loan are now required to have an Energy Star inspection done on the property long before it is finished. In order to close this loan, we must have an Energy Star Certificate from an independent outside inspection provider on your property.

Want to learn more about Energy Star?
Visit  https://www.energystar.gov/

What happened to the Service Era Discount for Vietnam Vets?
This discount has been eliminated as of August 8, 2008.

I don’t live near San Antonio, Texas, but can you still handle my loan?
We can close a Texas Vet Loan anywhere in Texas with no problem.

Can I close my home loan in my home town?
Absolutely.

How do all those documents get to my local Title Company?
FedEx or email.

I already applied to another Lender for my Home Loan. Do I have to stay with them?
No you don’t. You can change your mind, and decide who you want to close your loan. Transfer of your loan is an easy process.

Can I use the Texas Vet Program for a Rental Property purchase?
No

Can I refinance my primary residence using the Texas Vet Program?
No

Who controls the interest rate on the Texas Vet Program?
Texas Vet Land Board.

How often is the Texas Vet interest rate subject to change?
Every Friday at 6:00pm

How will I know what interest rate I will get on my home loan?
We submit special forms to Texas Vet in Austin via fax. Turn-around time for the paperwork is usually within 48 Hours. When we receive official notice of your eligibility, we lock your interest rate the same day.

I am a Widow of a Veteran… Can I qualify?
Yes you can, provided deceased husband died in the line of duty or from a service related cause. Widow must also satisfy the residency requirements of the Texas Veterans Land Board.

I hate to fill out forms online… Can I talk to a person?
Sure just call me!  I provide free in-person consultations.

I don’t feel comfortable giving my financial information over the Internet, what can we do?
We will do everything over the telephone.

How will I know what the prospective home is worth?
We will order an appraisal done by a licensed appraiser in your area.

How long does it take to close my loan?
Three to 4 weeks.

I am working with a Realtor… Is this O.K.?
No problem.

Another lender botched my loan… Can I transfer my loan to you?
Sure, no problem. Unfortunately, this is all too common.

I want to place my loan in your hands… What’s next?
Call me.

I want to move forward with you… What do I tell my realtor?
Ask them to fax a copy of your contract to us, and I will give the Realtor a call to coordinate.

I just want to talk… Can I call you?
Sure, please call me at your convenience. Unlike other companies… I love to meet in-person for free consultations.