Veterans in Texas Can Now Get VA Home Loans up to $1,000,000

For veterans, purchasing a home has never been more affordable. Especially for those living in the Texas cities of Houston, Austin, Dallas or San Antonio, Garrett Puckett has implemented financial assistance for military personnel who want to purchase a new home.

Military personnel can be eligible for a VA Jumbo Home Loan for as much as $1,000,000. Military members and veterans are almost guaranteed to be approved for loan amounts of over $400,000; however, these limits have now been raised. The VA Home Loan Benefits and the 2012 VA Loan Limits have been revised. Ryan Ward and other real estate experts in Houston provide rewards on purchases make by military personnel.

VA loans are guaranteed by the government, and they will pre-approve any military members or veterans of up to $417,000. However, with a VA Jumbo loan in Texas, veterans could be approved of a loan of up to $1,000,000. Getting pre-qualified for a loan is simple, so they just need to begin the initial process of applying for the loan. There are seven steps that you need to take in order to be approved for a loan:

1. Contact a VA mortgage lender
2. Fill out the application
3. Obtain a certificate of eligibility
4. Have the property inspected and appraised
5. The application is sent to the VA for approval
6. The VA reviews the forms
7. The application will be approved, and you can own your new home

VA Jumbo Loans are much easier to be approved for than traditional loans. The interest rates are frequently changes; therefore, veterans need to shop around to make sure they are getting the best rate available. The rates will depend on credit score, down payment, employment, income and the loan program.

Posted by Melanie Mendoza on Monday April 23 2012, 4:38 PM EST. Ref: VA Mortgage. Link. All trademarks acknowledged. Filed under Nation. Comments and Trackbacks closed. Follow responses: RSS 2.0