NOTE   Texas veterans can use all three Texas veterans loan programs at one time. Multiple eligibility simply means you can receive a land loan and a housing loan and a home improvement loan. When requesting application materials, please be sure to specify the program(s) that interest you. Interest rates can change because the rate the Texas Veterans Land Board pays on applicable bond proceeds determines the interest rate on your loans. These Texas veterans loan programs are not associated with the federal VA; therefore, even if you used your VA benefits, you may continue to have eligibilitry for these state loan programs

	Loan Types Home Loans The Veterans Housing Assistance Program (VHAP) provides financing up to $325,000 toward the purchase of a home to qualified Texas veterans. Loans for $45,000 or less are originated through the Texas Veterans Land Board's (VLB) direct loan program. There is no maximum sales price with the VHAP; however, the VLB can only loan up to $325,000 towards the purchase. The VHAP must be originated in conjunction with Federal Housing Administration (FHA), Veterans Administration (VA), or conventional financing. The term of the loan can be 15, 20, 25 or 30 years.   Discounts Available Qualified Veterans with Disabilities Program: 0.35%, must be rated 50% or greater by USDVA Qualified Service Era Discount (Restricted Pool): N/A          New TVLB Change The Service Era Discount & the 15 year term discounts will no longer be available per the TVLB effective after 8 August 2008 If you already have a loan application in process, your loan application must meet the following criteria to receive either of these discounts: Housing Assistance loans must have a sales contract dated on or before August 8, 2008 And rate lock issued on or before August 15, 2008. Further changes to be announced in early September. NOTE: Call me for qualifications required for these discounts.