RE/MAX agent Yvonne Russell

VA Homes

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We just helped another El Paso Texas vet buy his home with a Texas Vet loan.

To qualify, homes must meet the following requirements:

  1. Home must be the veteran's primary residence in Texas
  2. Must be a single family attached or detached home, town home or condominium
  3. Duplexes or other multi-family units must have been constructed at least five years prior to the closing date of the loan
  4. New homes must have either ENERGY STAR certification or HERS Index score of 75 or less
  5. The home must remain as the veteran’s primary residence for at least three years, and the Veteran borrower must occupy the home within 60 days after loan closing.

Once a Veteran, or his or her successor, has successfully paid off a Veterans Land Board home loan s/he may obtain another Veterans Land Board home loan. The same applies to our land program. All Veterans Land Board programs are self-funded, using no public taxpayer funding. Veterans Land Board programs are financed with bonds, which are serviced by loan payments from Veteran participants.


VETERAN ELIGIBILITY

To be eligible for Veterans Land Board programs, Veterans, military members and their spouses must be:

  • At least 18 years of age
  • A bona fide and legal resident of Texas on the date of application and meet one of the following service criteria:
  • An active duty military member
  • A member of the Texas National Guard
  • A reserve component military member having completed 20 qualifying years for retirement
  • A Veteran having served at least 90 active duty days unless discharged sooner due to service connected disability and not discharged dishonorably
  • A surviving spouse of a Veteran listed as missing in action or whose death was service connected