MARKET INTEREST RATES ON YOUR SAN ANTONIO HOME PURCHASE Current Texas Vet Interest Rate as of 02/26/2010 is: 4.91% for home purchase and home improvement loans. To be eligible for a Texas Veterans Loan, and to purchase a home in San Antonio, or another Texas location,you must have served no fewer than 90 days on active duty or active duty training in the Armed Forces of the United States, or with a recognized reserve component of one of these services, or have completed active duty training as a condition of service in any National Guard or reserve component of any of the Armed Forces branches of the United States The only residency requirement is that you must have established current residency in Texas for at least one year, or, if your permanent home of record is in Texas, you need only be a bona fide resident of Texas at the time of application; the one year residency requirement is waived. Contrary to what you might have been told, having enlisted inTexas, or showing a Texas town or city as your permanent home of record does not affect your eligibility except for the residency requirement. Texas Veterans Land Board Loans (TVLB) can be used to purchase your home in San Antonio with a loan amount as high as $325,000 on a fixed-rate 15 or 30 year loan with no down payment and very low closing costs.. You can also purchase one acre or more of land with your TVLB eligibility with a maximum loan amount of $80,000. . Or, If you're thinking about updating or remodeling your existing San Antonio home, you can also use your TVLB eligibility to acquire a loan for this purpose. The majority of the loans issued will be financed with private mortgage lenders, however, some loans with lower principal amount can be financed directly through the Texas Veterans Land Board.
Interest rates on your San Antonio home purchase , which are almost always below the current market rates, are subject to change on a weekly basis. If you want an immediate update on the current rates, you can call or e-mail me at any time without any further obligation. LAND PURCHASES: 7.25% I recently completed a comprehensive course on Texas Veterans Housing Assistance Training program through the Texas Veterans Land Board. Call or e-mail me with any further questions on the purchase of a home in San Antonio, and for a list of properties in which you might be interested. |