TEXAS BAD CREDIT vA Mortgage Lenders
NO CREDIT VA TEXAS MORTGAGE LENDERS

VA Mortgage Lenders Advantage Summary

1. No Down Payment Requirement
With the VA Loan, qualified borrowers can finance 100 percent of the home’s value without putting down a dime. Take a look at the chart below to see how much you can save through the no-money-down benefit of the VA Loan.

2. No Monthly Private Mortgage Insurance
Many conventional lenders require borrowers to pay private monthly mortgage insurance unless they’re able to put down at least 20 percent, which is a tough task for many veterans. Private mortgage insurance (PMI) is an insurance that protects lenders in case of a borrower default.

3. Competitive Interest Rates
VA mortgage Interest rates on home loans are based on risk assumed by the bank to finance the loan. The VA backs each VA Loan with a guaranty, and VA mortgage lenders carry less risk and can offer interest rates that are typically lower than conventional interest rates.

4. Easier to Qualify
Select VA mortgagelenders allow approvals down to a minimum 580 credit score!

US Mortgage specializes in good and bad credit VA mortgage loans even no credit score Texas VA loans in every city Texas VA Bad Credit Mortgage Lenders and county in Texas VA Mortgage Lenders VA mortgages are guaranteed by the Department of Veterans Affairs (VA). These Texas VA mortgage loans were established to provide transition assistance and other benefits to men and women who served or are serving in the Armed Forces of the Nation. This includes the Army, Navy, Air Force, Marines, Reservists, National Guardsmen, and certain surviving spouses. Also, if you are a disabled veteran, you may qualify for additional Texas VA mortgage benefits. Including reduced or elimination of Texas property taxes. We are proud to provide 100% Bad credit Texas VA mortgage approvals down to 550 fico score va purchase or Texas VA mortgage refinance!

Texas VA mortgage Lenders Benefits Include:

• Easier qualification standards
• Less strict credit and income standards
• 100% Texas VA Mortgage Lenders = No down payment required.
• Bad Credit Score VA loans Down to 550!
• No Credit Score VA Mortgage Loan Approvals

SAME DAY PRE APPROVALS!

VA MORTGAGE LENDERS LOAN OPTIONS or VA MORTGAGE REFINANCE 

VA Mortgage Lenders Serving VA Purchase and VA Refinance Loans In Every city Texas VA Bad Credit Mortgage Lenders and County in Texas!

TEXAS VA MORTGAGE LENDERS ELIGIBILITY REQUIREMENTS 

You must have suitable credit score MINIMUM 550, sufficient income, and a valid Certificate of Eligibility (COE) to Qualify with a  Texas VA mortgage Lenders. The Texas home must be for your own personal occupancy. The approval requirements to obtain a COE are listed below for Service members and Texas Veterans, spouses, and other eligible beneficiaries. VA mortgage loans can be used to:

• Buy a Texas home, a Texas condominium unit in a VA-approved project
• Simultaneously purchase and improve a Texas home.
• Improve a Texas home by installing energy-related features or making energy efficient improvements
• Get VA approved to buy a Texas manufactured home w/land lot.
• Texas Eligibility Requirements for VA Mortgage Lenders
• Service members and Texas Veterans-  To obtain a COE, you must have been discharged under conditions other than dishonorable and meet the service requirements below

ESTABLISHED VA MORTGAGE LENDERS MINIMUM TRADE LINES

Texas VA Mortgage lenders allow for both traditional and alternative credit trade lines. However, most Texas mortgage lenders require that you must have at least two lines of credit that you have maintained for at least a 12 month payment history.

Alternative lines of credit for NO CREDIT SCORE MORTGAGE APPROVALS for Texas VA mortgage applicants are used to provide the ability and willingness to pay debt. VA alt trade lines defined as continuing proof of payment for direct service provider obligations, such as electric, cell-phone,  home-phone bills, rent history, car insurance, which require a timely monthly  payment in order to establish a 12 month payment history. To be used as an alternative credit trade line must have existed for at least 12 months.

Texas VA mortgage lenders do not consider absence of a credit history as an adverse factor. However, a minimum 12 month history of the VA mortgage applicant, including residence, income, assets and credit must be  proven.
Texas VA Mortgage Lenders Funding Fee Tables

Note:In 2011,funding fees were lower from October 1 through October 5,and November 18 through November 21. The enactment of Public  law 112-56,signed November 21,2011,establishes rates at the levels below through September 30,2016.Prior to September 30,2016,we will publish updated information on the fees for loans closed after that date.

Texas Cash-Out Refinancing Loans:

Note:There are no reduced funding fees for regular refinances based on equity.Reduced fees only apply to purchase loans where a down payment of atl east

*The higher subsequent use fee does not apply to these types of loans if the Veteran’s only prior use of entitlement was for a manufactured home loan.

*If you do not meet the minimum VA service service requirements, you may still be eligible if you were discharged due to (1) hardship, (2) the convenience of the government, (3) reduction-in-force, (4) certain medical conditions, or (5) a service-connected disability.

Spouses The spouse of a Texas Veteran can also apply for home loan eligibility for a VA mortgage under one of the following conditions:

• Un-remarried spouse of a Texas VA who died while in service or from a service connected disability, or
• Spouse of a Texas Service members missing in action or a prisoner of war
• Surviving Texas spouse who remarries on or after attaining age 57, and on or after December 16, 2003
  (Note: a surviving Texas spouse who remarried before December 16, 2003, and on or after attaining age 57, must have applied no later than December 15, 2004, to establish home loan eligibility. VA must deny applications from surviving spouses who remarried before December 6, 2003 that are received after December 15, 2004.)
• Surviving Texas Spouses of certain totally disabled veterans whose disability may not have been the cause of death.

Texas is the proud home to 15 active duty military installations with an economic impact of nearly $136 billion. The enduring missions, beneficial partnerships, and promising outlook validate each installation’s vital role in the national defense. The TMPC will continue to advocate for Texas’ military personnel and installations, while fostering positive relationships at the local, state and federal level.View the TMPC Installation Fact Sheet

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Texas United States Air Force

Dyess Air Force Base
Mission: Heavy bomb wing & airlift support group
Economic Output: $3.22 Billion

Goodfellow Air Force Base
Mission: Joint firefighting & intelligence training
Economic Output: $3.0 Billion

Laughlin Air Force Base
Mission: Specialized undergraduate pilot training
Economic Output: $1.4 Billion

Sheppard Air Force Base
Mission: Technical aviation & allied pilot training
Economic Output: $5.6 Billion

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Texas United States Army

Corpus Christi Army Depot
Mission: Helicopter repair Center of Excellence
Economic Output: $2.5 Billion

Fort Bliss
Mission: Ground combat maneuvering & artillery training
Economic Output: $24.1 Billion

Fort Hood
Mission: Ground combat ready forces & helicopter training
Economic Output: $35.4 Billion

Red River Army Depot
Mission: Center for Maintenance of Tactical Wheeled Vehicles & Rubber Products
Economic Output: $2.1 Billion

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Texas United States Navy

Naval Air Station Corpus Christi
Mission: Primary pilot training
Economic Output: $2.1 Billion

Naval Air Station Fort Worth Joint Reserve Base
Mission: Tactical fighter & airlift mission
Economic Output: $6.6 Billion

Naval Air Station Kingsville
Mission: Navy strike pilot training
Economic Output: $2.1 Billion

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Texas Ellington Field Joint Reserve Base

Ellington Field Joint Reserve Base
Mission: Reconnaissance
Economic Output: $5.6 Billion

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Joint Base San Antonio Texas

Fort Sam Houston
Mission: Medical Training
Lackland Air Force Base
Mission: Basic training for enlisted recruits & technical training
Randolph Air Force Base

Mission: Instructor pilot and graduate level instrument flying training
Combined Economic Output: $46.39 Billion

BAD CREDIT TEXAS VA MORTGAGE LIMITS

Although Texas VA mortgage do not have a maximum dollar amount, Texas mortgage lenders who sell their VA loans in the secondary market must limit the size of those loans to the maximums prescribed by GNMA (Ginnie Mae) which is currently 417,000..

100% Texas VA MORTGAGE LENDERS HOMESTEAD EXEMPTION 

Any Texas homestead by a veteran who was honorably discharged with a service-connected permanent and total disability and for whom a letter from the United States Government or VA or its predecessor has been issued certifying that the veteran is totally and permanently disabled is exempt from taxation, provided the veteran is a permanent resident of the state on January 1 of the Texas tax year for which property exemption is being claimed or on January 1 of the year the veteran died.

BENEFITS OF USING A TEXAS VA MORTGAGE LENDERS

• No money down for Texas VA loans up to $417,000.
• Seller paid closing cost up to 4%.
• No PMI (Private Mortgage Insurance)
• Government regulated Texas VA loan closing costs.
• VA streamlined refinance loans can be closed in 7 to 14 days
• VA BAD CREDIT TEXAS MORTGAGE DOWN TO 580 FICO.
• No limit to the number of times a veteran may use a VA mortgage.
• NO CREDIT SCORE TEXAS VA HOME LOANS USING ALTERNATE TRADE LINES.

In addition to these benefits, the VA Mortgage Loan program offers default assistance to veteran borrowers in financial difficulty through a higher level of service and a greater range of alternatives to avoid foreclosure. Delinquency and foreclosure rates for VA mortgage loans are substantially less because of the VA mortgage protections in place.

VA TEXAS MORTGAGE LENDERS FUNDING FEES

The Veterans Administration assesses a Funding Fee to all VA loans between .5% and 3.3% of the loan amount. The VA mortgage funding fee is added into the VA mortgage amount of the loan to be paid over the life of your VA mortgage loan. The VA mortgage Funding Fee replaces the much higher priced Texas (PMI) Mortgage Insurance required when you get a conventional home loan. Disabled Texas Veteran homebuyers may even qualify to get the fee waived completely.

QUALIFYING WITH TEXAS VA MORTGAGE LENDERS

The VA offers excellent qualifying standards. The VA does not use credit scoring as their primary analysis of the loan. Texas VA mortgage applicants with some past financial difficulties may still qualify for a VA mortgage loan. The VA mortgage can be a tremendous savings compared to the cost of conventional loans for those veterns with past credit issues.

GEORGIA VA MORGAGE REFINANCING WITH VA MORTGAGE LENDERS

Texas VA mortgage loans have built in features allowing a Texas VA mortgage to be refinanced to a lower interest rate without all of the criteria normally red tape associated with a conventional mortgage. This is called an Interest Rate Red