Texas VA Loans & Texas VA Loan Refinancing
No matter where you live in Texas, you can find a few common themes throughout the state — the hot weather, affordable housing and patriotic Texans! If you’ve settled in Texas after retiring from service or you’re stationed at one of the state’s many military installations, take advantage of Texas VA Loans from Capital Bank, N.A. . If you’re a Veteran or service member who’s interested in lowering your current interest rate and saving money each month, consider Texas VA loans refinancing.
Capital Bank, N.A. ’s application process for VA loans is simple. Complete our application form for fastest service, but if you have any questions about the application process, call us at (866) 216-3577 or email us at [email protected] . Our professionals are experts in Texas VA loans.
Qualifying for Texas VA Loans Is Easy!
Our VA loan eligibility page can answer many of the questions you may have regarding VA loans. If you have a unique circumstance or additional questions about new Texas VA loans or refinancing VA Loans in Texas, the loan professionals from Capital Bank, N.A. are available to walk you through the process.
To qualify for VA Loans Texas, you need to have:
- Active duty service for 90 days or more during wartime
- Active duty service for 180 days or more during peacetime
- Honorable discharge from your service branch
- You are on active duty
- Being the surviving spouse of a Veteran who died in service or as a result of a service-related injury, providing that you have not remarried.
Your credit score and debt to income ratios can affect your interest rate and, ultimately, your monthly housing payment. If you want to know how these can impact your housing costs each month, use our Contact Form, call us at (866) 216-3577 or email us at [email protected] . We’ll be able to walk you through the application process and make sure that any questions you have regarding Texas VA loans or refinancing for VA loans Texas are answered to ensure a hassle-free home buying experience!
Planning a Move? Get Pre Approved for a VA Loan Today
Whether you’re moving as part of a Texas VA relocation, or you’re just interested in purchasing a new home, Capital Bank, N.A. can help you throughout the entire process of applying for a Texas Veteran mortgage. Fill out our easy to use online form and one of our experts will call to answer any questions you have about the eligibility and how to use your new VA loan. Whether you’re here for a short time, or you’ve chosen Texas as the place to retire in style, there are many reasons to purchase a home with a Texas VA loan:
- A Veteran loan requires no down payment and no PMI.
- Interest rates are at their lowest point ever.
- A buyer’s market throughout the state means it’s the perfect time to buy the home you’ve always dreamed of.
A Texas VA Loan Refinance Saves You Money
Already own your perfect home? Capital Bank, N.A. can also walk you through your Texas VA loans refinance options. Even if you recently purchased your home, you might be surprised at how much a lower interest rate can affect your monthly payment. Stop paying too much! Contact us at (866) 216-3577 or [email protected] and we’ll help you decide if Veteran loan refinancing or streamline refinancing is right for you!
The Housing Market In Texas
Home prices throughout Texas are quite affordable. Because houses are affordably priced, the loan limit on Texas VA loans is $424,100*. However, this doesn’t mean that there aren’t million dollar homes in the Lone Star State. Homes in Horseshoe Bay, not far from Austin, sell for over a million dollars, while homes in the DFW suburb of Southlake sell for just under a million. Homes in La Marque, Texas City and Mesquite all sell for under $120,000, making them affordable and popular neighborhoods for Veterans and their families.
- Median value of owner-occupied housing units: $82,500
- Median price asked for housing units: $69,100
Why Veterans Love Texas
Texas is well-known for being a pro-military state. The cities of San Antonio, Houston and Dallas have all been named as three of the top five ‘military friendly’ cities by www.militaryfriendly.com. Strong defense contracts, military friendly employers, schools, a low cost of living and low unemployment rates all help boost each city’s military friendly score.
Lackland Air Force Base, located in San Antonio, trains all enlisted Airmen throughout the entire country. Every year, thousands of young men and women enter Lackland AFB as civilians and leave eight and a half weeks later as Airmen.
Veterans who enter into service and leave Texas as their home of record during their time in service qualify for the Hazelwood Act. The Hazelwood Act provides Veterans or family members with free tuition at any public Texas university.
Texas does not have a state income tax, which means that Texas Veterans have more money in their paychecks or retirement checks each month. Texans who are stationed in other states, yet have Texas as their home of record do not pay income tax, as long as they’re intending to return to Texas upon retirement.
*VA Loan Limits are accurate as of 01-01-17. Source: VA.gov, 2013 VA County Loan Limits
Information relating to income and housing prices was sourced in 2013. It may or may not have changed over time for your state and city. Please reference your local census data for more accurate information.