Moving to Waco, Texas? What Veterans Should Know About Using their VA Loan Benefits

Waco VA Loans & Waco VA Loan Refinancing

As a bank specializing in helping veterans purchase or refinance homes using their VA Loan Benefits, understands the unique needs and considerations of our esteemed servicemembers and their families. If you’re a veteran considering a move to Waco, Texas, we want to provide you with valuable information and insights to help make your transition smoother. In this article, we’ll discuss the questions you should ask yourself and the essential factors you need to know about moving to Waco, Texas, using your VA Loan Benefits.

Is Waco the Right Fit for You and Your Family?

Before making any major move, evaluating if the new location aligns with your lifestyle and priorities is crucial. Waco, Texas, offers a host of benefits worth considering:


Waco offers an attractive cost of living that is significantly lower than the national average, making it an ideal destination for veterans seeking affordable housing options. Housing costs in Waco are notably reasonable, with a variety of choices ranging from modern apartments to spacious single-family homes. The city’s real estate market is known for its stability and the availability of affordable properties, which presents a favorable environment for veterans considering homeownership.

Moreover, Waco’s overall affordability extends beyond housing. The cost of essential commodities, transportation, and healthcare in Waco is also relatively low compared to many other major cities in the United States. This means that veterans and their families can enjoy a comfortable standard of living without compromising their financial well-being.

Veteran Support Services in Waco:

Waco takes great pride in its strong support system for veterans. The city hosts the Doris Miller Department of Veterans Affairs Medical Center, which provides comprehensive healthcare services to eligible veterans. This state-of-the-art medical facility offers specialized care and a wide range of programs to meet the unique needs of veterans.

In addition to healthcare, Waco is home to the Waco Veterans One Stop Center, a remarkable initiative aimed at providing a centralized location for veterans to access a myriad of services. The One Stop Center acts as a hub, connecting veterans to resources such as employment assistance, education and training programs, legal aid, mental health services, and more. This holistic approach ensures that veterans in Waco receive the support they need to thrive in their civilian lives.

Furthermore, Waco is renowned for its commitment to education. The vibrant community is home to Baylor University, which actively supports veterans through initiatives like the Veterans Educational and Transition Services (VETS) program. VETS provides comprehensive academic support, counseling, and guidance to veterans pursuing their educational goals. This unwavering dedication to empowering veterans sets Waco apart as a city that values and honors those who have served our nation.

Thriving Job Market:

  • A City on the Rise: Nestled in the heart of Texas, Waco has experienced remarkable growth in recent years, becoming an attractive destination for businesses and professionals alike. The city’s strategic location, affordable cost of living, and robust infrastructure make it an ideal place for career development.
  • Diverse Industries: Waco boasts a diverse range of industries, providing a wide array of employment opportunities. One of the prominent sectors is advanced manufacturing, with leading companies specializing in aerospace, automotive, and electronics. Additionally, healthcare and education play significant roles in Waco’s economy, with renowned medical centers and educational institutions driving job creation.
  • Technology and Innovation Hub: Waco has emerged as a flourishing technology and innovation hub, attracting startups, entrepreneurs, and established companies. The city’s commitment to fostering innovation has resulted in the establishment of incubators, co-working spaces, and investment initiatives. Whether you’re interested in software development, data analytics, or digital marketing, Waco offers an environment conducive to technological advancements and entrepreneurial ventures.
  • Government and Military Presence: Waco is home to several government organizations and military installations, including the renowned Joint Base San Antonio-Fort Sam Houston. These establishments create a multitude of employment opportunities, especially for veterans transitioning into civilian careers. The city values the skills and experiences veterans bring to the table, making it a welcoming community for those who have served.
  • Education and Research: Waco’s thriving education sector provides a strong foundation for job seekers. The city is home to Baylor University, a nationally recognized institution, along with other colleges and trade schools. These institutions contribute to the local job market by hiring faculty and staff, as well as offering resources for research and development.
  • Small Business Growth: Waco fosters a supportive environment for small businesses, encouraging entrepreneurship and local economic growth. The community’s dedication to revitalizing downtown and promoting local enterprises has resulted in a vibrant small business scene. Whether you aspire to open a restaurant, boutique, or professional service, Waco offers opportunities to turn your dreams into reality.
  • Work-Life Balance: In addition to a thriving job market, Waco offers an exceptional quality of life. The city boasts beautiful parks, scenic trails, and recreational amenities, providing ample opportunities for outdoor activities and relaxation. Residents can enjoy a strong sense of community, a rich cultural heritage, and a wide range of entertainment options.

Strong Veteran Community:

Waco has a vibrant veteran community, offering various support programs, organizations, and resources to assist veterans in their transition and beyond.

  1. Waco VA Medical Center:  The Waco VA Medical Center plays a pivotal role in the well-being of veterans in the region. With a wide range of services, including primary care, mental health support, specialized clinics, and rehabilitation programs, veterans can access high-quality healthcare tailored to their specific needs. The medical center’s dedicated staff is committed to providing compassionate care and empowering veterans to live healthy and fulfilling lives.
  1. Veterans One-stop Center of Waco:  The Veterans One-stop Center of Waco is a remarkable organization that acts as a centralized hub for various resources and support programs. Their mission is to ensure veterans and their families have easy access to the assistance they need. From employment services, educational resources, and housing assistance to legal aid, financial counseling, and mental health support, this center offers a comprehensive range of services to help veterans navigate their post-military lives successfully.
  1. Texas Veterans Commission:  The Texas Veterans Commission (TVC) is a state agency dedicated to improving the lives of veterans and their families. Through its Waco office, the TVC provides a wide range of services, including claims assistance, employment support, education and training programs, and entrepreneurial resources. By leveraging the TVC’s expertise, veterans in Waco can maximize their opportunities for personal and professional growth.
  1. American Legion Post 121:  American Legion Post 121 is a local chapter of the renowned veterans’ organization, the American Legion. This post is an invaluable resource for veterans seeking camaraderie, community engagement, and support. Through regular meetings, social events, and volunteer initiatives, veterans can connect with peers who understand their unique experiences and challenges. Additionally, the American Legion offers various programs and services, such as career fairs, scholarships, and advocacy for veterans’ rights.
  1. Waco Veterans Resource and Referral Center:  The Waco Veterans Resource and Referral Center is a collaborative effort between the U.S. Department of Veterans Affairs and community organizations. This center aims to provide a one-stop location where veterans can access resources and referrals for housing, employment, healthcare, and other essential services. The center’s dedicated staff is committed to streamlining the process of accessing benefits and ensuring veterans receive the support they deserve.

Entertainment and Leisure for Veterans and Their Families in Waco!

While we specialize in assisting veterans in the Orlando area, we understand the importance of finding enjoyable activities for both veterans and their families in other cities across the United States. Today, we invite you to discover the lively city of Waco, Texas, which offers a wide range of indoor and outdoor entertainment, athletic, and leisure activities for all to enjoy.

Indoor Delights:

Waco offers a variety of engaging indoor activities, perfect for enjoying a day indoors or escaping from inclement weather. Let’s explore some of the city’s notable attractions:

  1. Waco Mammoth National Monument: Step back in time at this paleontological site, where you can witness the well-preserved remains of Columbian mammoths. Engage in guided tours and interactive exhibits to learn about these fascinating creatures that once roamed the area.
  2. Dr Pepper Museum: Delve into the rich history of America’s favorite fizzy beverage at this unique museum. Discover the story behind Dr Pepper, explore its original soda fountain, and enjoy a refreshing soda float in the old-fashioned soda shop.
  3. Texas Sports Hall of Fame: Sports enthusiasts will relish the opportunity to explore this esteemed hall of fame. Learn about the achievements of legendary athletes from Texas and beyond through captivating exhibits and interactive displays.

Outdoor Adventures:

When the weather is splendid, Waco boasts a plethora of outdoor activities for individuals and families seeking adventure and relaxation. Here are some highlights:

  1. Cameron Park: Spanning over 400 acres, Cameron Park offers a picturesque natural retreat with hiking and biking trails, picnic areas, and stunning views of the Brazos River. Embark on a thrilling mountain biking expedition or enjoy a tranquil riverside picnic with loved ones.
  2. Lake Waco: Nature lovers and water enthusiasts will find solace in the serene waters of Lake Waco. Engage in fishing, boating, kayaking, or simply unwind on the sandy beaches. The lake also features well-maintained camping grounds for those looking to spend a night under the stars.
  3. Waco Suspension Bridge: Marvel at the historic Waco Suspension Bridge, an iconic landmark that spans the Brazos River. Take a leisurely stroll across the bridge while enjoying panoramic views or witness the beauty of the illuminated bridge during the evening hours.

Athletic Pursuits:

For those seeking active pursuits and sporting events, Waco offers various options to satisfy your competitive spirit:

  1. Baylor University Athletics: Immerse yourself in the electrifying atmosphere of college sports by catching a game at Baylor University. Cheer on the Baylor Bears as they compete in football, basketball, and various other sports throughout the year.
  2. Cottonwood Creek Golf Course: Tee off at the beautiful Cottonwood Creek Golf Course, an 18-hole championship course that challenges golfers of all skill levels. Enjoy scenic fairways, well-maintained greens, and professional amenities.

Leisurely Retreats:

Sometimes, relaxation and rejuvenation are at the top of the agenda. Waco offers several leisurely retreats to help you unwind:

  1. Magnolia Market at the Silos: Discover the charm of Magnolia Market, created by HGTV’s “Fixer Upper” stars, Chip and Joanna Gaines. Explore unique shops, savor delectable treats from food trucks, and revel in the relaxed ambiance of this popular destination.
  2. Balcones Distilling: Delve into the world of spirits by visiting Balcones Distilling, an award-winning whiskey distillery. Take a guided tour to learn about the craft of whiskey-making and sample their exceptional creations.

Education Opportunities:

For veterans considering Waco, TX, as their next destination, we are excited to highlight the exceptional education opportunities available in this vibrant city. Whether you’re looking to further your education, acquire new skills, or explore career development options, Waco offers a diverse range of educational institutions and programs that can help you achieve your goals.

  1. Baylor University: Nestled in the heart of Waco, Baylor University stands as a prestigious institution renowned for its academic excellence and strong community spirit. As a veteran, you can take advantage of the university’s commitment to supporting veterans through resources like the Veterans Educational and Transition Services (VETS) program. VETS assists in easing the transition to campus life, provides academic support, and connects veterans with various networking opportunities.
  2. McLennan Community College: For veterans seeking a more flexible educational path or looking to start their journey at a community college, McLennan Community College (MCC) is an excellent choice. MCC offers a wide array of associate degree programs, certificate courses, and vocational training, providing practical skills applicable to the workforce. With their Veterans Affairs Office, MCC ensures that veterans have access to the necessary support services, including educational benefits assistance and counseling.
  3. Texas State Technical College: Veterans interested in pursuing specialized technical education should consider Texas State Technical College (TSTC). With campuses across Texas, including one in Waco, TSTC offers industry-focused programs in fields such as engineering, aviation, information technology, healthcare, and more. TSTC’s Veterans Services Office provides comprehensive support, helping veterans maximize their educational benefits while offering career guidance and job placement assistance.
  4. Continuing Education and Professional Development: Waco also boasts a range of continuing education and professional development opportunities for veterans seeking to enhance their skills or explore new career paths. Institutions like the Greater Waco Chamber of Commerce, the Workforce Solutions for the Heart of Texas, and local trade organizations collaborate to provide various training programs, workshops, and certifications designed to meet the evolving needs of the job market.

Understanding VA Loan Limits and Eligibility Requirements:

As a veteran, you may already be aware of the financial advantages of using a VA Loan to purchase or refinance your home. However, it’s essential to be informed about the specific loan limits, credit score requirements, and eligibility criteria applicable in Waco, Texas.

  • Loan Limits: For 2023, the VA loan limits in Waco, Texas, mirror the conforming loan limits set by the Federal Housing Finance Agency (FHFA). These limits determine the maximum loan amount that can be guaranteed by the VA. As of now, the limit for most counties in Texas, including McLennan County (where Waco is located), is $822,375.
  • Credit Scores: While the VA itself doesn’t set a minimum credit score requirement, most lenders have their own guidelines. Typically, a credit score of 620 or higher is preferred for VA loans. However, individual lenders may have their specific requirements, so it’s important to consult with a trusted lender like

Current Interest Rates for VA Loans:

Interest rates play a significant role in determining the affordability of your VA Loan. At, we continuously monitor the market to provide veterans with the most up-to-date information on interest rates in Waco, Texas. As of [current date], the average interest rate for VA loans in Waco is [current rate]. However, please note that rates can fluctuate, so it’s crucial to speak with a loan officer at for the most accurate and personalized information.

Steps and Requirements for Getting a VA Loan in Waco:

Obtaining a VA Loan involves a straightforward process, but it’s important to be aware of the necessary steps and requirements:

  1. Determine Eligibility: Confirm your eligibility for a VA Loan by obtaining your Certificate of Eligibility (COE) from the Department of Veterans Affairs.
  2. Find a Lender: Choose a reputable lender with experience in VA Loans, such as, to guide you through the loan process.
  3. Prequalification: Complete a prequalification application to help determine your purchasing power and provide insight into your loan options.
  4. Home Search: Work with a knowledgeable real estate agent familiar with VA Loans to find a home that meets your needs and falls within the VA loan limits.
  5. Apply for the Loan: Submit a complete loan application to your lender, including documentation such as income verification, credit history, and asset details.
  6. VA Loan Appraisal: The property you wish to purchase must undergo an appraisal conducted by a VA-approved appraiser to assess its value and condition.
  7. Loan Approval and Closing: Once your loan is approved, you’ll proceed to closing, where you’ll sign the necessary paperwork to finalize the transaction.

Moving to Waco, Texas, using your VA Loan Benefits can be an excellent opportunity for veterans and their families. With its affordability, thriving job market, and strong veteran community, Waco offers a welcoming environment for servicemembers. By understanding the loan limits, credit score requirements, and following the steps outlined above, you can confidently navigate the process of securing a VA Loan in Waco. Reach out to, your trusted partner, to ensure a smooth and successful transition to your new home in Waco, Texas.