First United Bank & Trust

Phone: 210-619-2690

Email: JGuidry@FirstUnitedBank.com

Austin VA Loans

Austin VA Loans

If you are a military veteran looking for a home in Austin, you may qualify for a VA loan. With a Texas VA loan you have the opportunity to obtain a home with no down payment, and comptetive market mortgage rates.

Am I Eligible for a VA Loan?

In order to be eligible for a VA loan, you must first get a VA Certificate of Eligibility. You must also pass certain income, credit, debt-to-income ratio requirements as well. The basic requirements for Austin VA loan eligibility are:

  • You must be a United States Veteran, Active Duty Servicemember, Reserves Member, National Guard Member or Surviving Spouse
  • Veterans must have served a minimum of 90 days during specific wartimes or 180 days during peacetimes, or 24 continuous months between 9/7/1980 and today
  • Reserves Members & National Guard must have served a minimum of 6 years
  • All discharges must have been other than dishonorable

 

Is there really no down payment?

Yes, if you qualify for a VA loan in Austin, there is no down payment, as long as the home is within the current VA loan limits for the county, which is $417,000. You can still obtain a VA loan for more than $417,000; however you will need a down payment for home loans over this amount.

Apply for a VA Loan in Austin, TXHow do I get a VA loan in Austin?

Jennifer Guidry can help you obtain a VA loan in Austin by working with you to get your VA Certificate of Eligibility as well as helping you determine if your credit and debt-to-income ratio qualifies. You can get a free VA loan rate quote by simply filling out Jennifer’s secure online mortgage application. Have more questions? Contact her today!

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Patriot Act Agreement:
In accordance with Federal regulations set forth in the USA Patriot Act, First United Bank Mortgage is required to verify the identity of any person applying for a mortgage loan to the extent reasonable and practicable, and maintain records of the information used to verify their identity. During your mortgage loan application process, we will require your name, current and past home addresses, date of birth, and other identifying information about you.