VA Loans: Helping Military Veterans Buy Their Dream Homes since 1944

US military veterans often struggle to get home loans due to stringent regulations and a lack of credit history. This is why the government provides financial assistance to eligible veterans so that they can purchase a home without having to pay monthly down payment, private mortgage insurance, and closing costs. In this post, we discuss how VA loans help veterans to buy a home without the hassles associated with conventional home loans. Read on to learn the details.


The US Department of Veterans Affairs (VA) has designed the VA loan program acknowledging the contribution of military veterans to the United States. A VA loan is a type of mortgage loan that helps veterans and their surviving spouse to buy their dream home. The veteran’s administration acts as the guarantor to the lender of VA mortgages. They guarantee up to 100 percent of the assessed value of the home. Borrowers need not pay any down payment and mortgage insurance premium. The interest rates on this type of loan are at a lower end and also fixed for a 30-year tenure.

In addition, borrowers can use a VA loan to refinance their existing loan. There are even state-specific VA mortgage programs for potential homebuyers. VA loans in Texas, for example, help borrowers receive finance to buy a home and settle down in the “Lone Star State.”


VA Mortgages are available to those veterans, who were active on duty 90 days in wartime, or 180 days during times of peace for older veterans. Military veterans who began their service post September 7, 1980, should have served in the armed forces minimum for 2 years, to qualify for a VA loan. They also require a Certificate of Eligibility. Mortgage Experts in Texas can lend you a helping hand throughout the loan process.

Credit Score Requirement

VA mortgage program also provides flexibility related to credit requirements. A majority of the lenders need borrowers to have a minimum credit score of 620 to be eligible for the loan. They should also be able to show proof of their income, and this includes spousal, retirement or disability income.

Property Tax Benefits

Each state in the US provides some property tax relief for veterans or their surviving spouses, in case, they have service-related disabilities. These states provide specific benefits and eligibility requirements on the part of the military veterans to qualify for these benefits.

VA loans in Texas, for example, offer full exemptions for veterans who have 100 percent disability rating. It also provides tax exemptions for a portion of the home’s appraised value for other disability ratings. For instance, a 10 to 30 percent of disability rating makes veterans eligible for an exemption of $5000 of the assessed value.


VA loans provide an ideal way for veterans to fulfill their dream of owning a home. The US Department of Veterans Affairs (VA) shows its appreciation by offering them the required financial support that they deserve, provided they meet the eligibility criteria discussed in the post. Hope this read answers some your questions regarding VA loans.


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