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VA Home Loans in Houston, TX

VA Home Loans in Houston, Texas

The benefits of VA loans compared to FHA and Conventional Loans have better advantages due to the VA Guaranty Loan support from the government. Veterans and active duty military personnel, move to Houston, Texas for the specials on low housing costs and affordable living.

The VA Home Loan Benefits are Listed Below:

Equal opportunity for all qualified veterans to obtain a VA loan.
No down payment (unless required by the lender or the purchase price is more than the reasonable value of the property).
Buyer informed of reasonable value.
Negotiable interest rate.
Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5% and exemption for veterans receiving VA disability compensation).
Closing costs that are comparable with other financing types (which may be lower).
No mortgage insurance premiums.
Allow "assumable" mortgage.
Right to prepay without penalty.
For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
VA assistance to veteran borrowers in default due to temporary financial difficulty.

VA Loan Process

The main purpose of the VA home loan program is to help veterans and military servicemembers finance or refinance a home by using VA Home Loans. The VA Home Loans are funded by the Department of Veteran Administration, which is a government agency that specializes in Veteran Relations. The “VA” focuses on everything from VA benefits to Military family Life, base relocation resources, and VA related support groups.

VA Home Loan Process in Texas - Six Easy Steps!

The process for what we do regarding VA home loans can be outlined in the six simple steps below:

Step 1. Find the property suitable for your needs.
Step 2. Go to a lender, and apply for the VA home loan.
Step 3. Present your discharge or separation papers relating to latest period of service and/or a Certificate of Eligibility.
Step 4. Property is appraised by approved appraiser.
Step 5. Estimate of property's reasonable value is determined.
Step 6. If application is approved, you get the VA home loan.

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Important Forms

SECURITY AMERICA MORTGAGE, INC.-NMLS 355253 IS LICENSED UNDER THE LAWS OF THE STATE OF TEXAS, AND BY STATE LAW IS SUBJECT TO REGULATORY OVERSIGHT BY THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING. ANY CONSUMER WISHING TO FILE A COMPLAINT AGAINST SECURITY AMERICA MORTGAGE, INC. SHOULD COMPLETE, SIGN, AND SEND A COMPLAINT FORM TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING AT ADDRESS; 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE DOWNLOADED AND PRINTED FROM THE DEPARTMENT’S WEBSITE LOCATED AT HTTP://WWW.SML.TEXAS.GOV, OR OBTAINED FROM THE DEPARTMENT UPON REQUEST BY MAIL AT THE ADDRESS ABOVE, OR BY TELEPHONE AT ITS TOLL-FREE CONSUMER HOTLINE; 1-877-276-5550, OR BY FAX; (512) 475-1360, BY E-MAIL; This e-mail address is being protected from spambots. You need JavaScript enabled to view it. . THIS E-MAIL ADDRESS IS BEING PROTECTED FROM SPAM BOTS. YOU NEED JAVASCRIPT ENABLED TO VIEW IT. THE DEPARTMENT MAINTAINS THE MORTGAGE BROKER RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT SUBCHAPTER F OF THE MORTGAGE BROKER LICENSE ACT ON THE DEPARTMENT’S WEBSITE REFERENCED ABOVE.