Texas Veterans Land Board Loan

How the Housing Assistance Program Works

The Veterans Housing Assistance Program (VHAP) provides financing up to the conforming loan limit toward the purchase of a home to qualified Texas veterans.

There is no maximum sales price with the VHAP; however, the VLB can only loan up to the conforming loan limit towards the purchase.

The VHAP is not a refinancing program. If you have an existing loan on your home, you cannot use the VHAP to lower your interest rate, nor can you use the VHAP as a down payment on a home. You may only use it as a first lien on your primary residence.

All VLB loans require an escrow account for taxes and insurance. Cosigners and guarantors may be accepted on the veteran's behalf if the veteran has sufficient income to qualify for at least 60 percent of the monthly payments on the mortgage loan, including taxes and insurance. The term of the loan can be 15, 20, 25 or 30 years.

The Land Board offers free VLB Public Information Seminars that are conducted throughout Texas. Details about all VLB programs are discussed at these informative meetings. Check the Seminar Schedule to find the location nearest you.

Texas Land Board Eligibility Requirements

To be eligible to participate in the Texas Veterans Loan Programs, you must:

Eligibility criteria on the Texas Veteran Land Board Web site can give you a preliminary indication of whether you may be eligible to participate in VLB programs. The VLB will make the final determination from supporting documentation you submit with a certification application.

All VLB loans are subject to credit approval. Interest rates and interest rate incentives are subject to change.

Veterans with Disabilities Program

The Veterans Housing Assistance (VHAP) and Home Improvement (VHIP) Programs offer an interest rate reduction of 0.5% to qualifying veterans with disabilities. The Veterans with Disabilities Discount applies to veterans with a compensable disability rated at 30% or greater by USDVA. The veteran must also meet all other eligibility requirements for the VHAP and VHIP.