Looking to obtain a Texas VA loan?
veterans and other service members who have completed their service are eligible to take advantage of these loans.
However, if you get a traditional loan they may not include benefits like low down payment (as low as $0), no private mortgage insurance, and no pre-payment penalty. Curious about what else you need to do to qualify? Keep reading below.
Qualifying for a VA Loan in Texas
Some Quick VA Loan Requirements to Keep In Mind:
- Traditionally, service members who served on active duty for 90 days during wartime or 181 days during peacetime, but more recently a minimum of 2 years of service have been typical VA loan requirements.
- National Guard or reserve members who served at least six years.
- Unremarried surviving spouse of a service member killed in duty.
- Veteran honorably discharged due to injury.
At VA Mortgage, our goal is to help you get the home you deserve. If you have questions give us a call directly at 800-211-4940 or fill out the form below to get in touch with us.
Texas VA Loan Limits and Statewide Median Prices
Texas State Loan Limit: $417,000
Texas Median Home Price: $131,900
There is no consistent or exact limit to the home loan amount, although the maximum is usually around $400,000. This limit is typically determined by how much liability the VA is willing to assume. (For updated loan limits, click here)
Texas Major Cities Median Home Price
Austin (median home price: $197,600) Located deep in the heart of Texas is Austin. Once a relatively small town, it has grown into one of the most popular cities in the country and consistently makes the “Top 10” lists at each release. Known as the “live music capital of the world” Austin is an ideal place for veterans. VA loan limits in Austin and the rest of Texas are right at the $417,000 limit and with the median home price at $197,600 VA loans can be used for the bulk of the homes in Austin. Austin is an hour and a half drive away from the Central Texas Veterans Health Care System located just north in Waco, Texas and an easy trip to the VA regional center located in Houston, TX.
Dallas-Ft. Worth (median home price: $143,600) The Dallas Ft. Worth metroplex, which includes Arlington as well, is a metropolitan statistical area that covers 12 counties. With over 6.5 million residents, it is an ideal destination for veterans. VA loans used to finance homes in Dallas/Fort Worth cover provide a wide range of property types due to the attractive median home price of $143,600. The economic climate is as healthy as it is diverse, and the median household income for the area is just under $60,000, making housing affordability one of the best in the country and a popular place for veterans.
Houston (median home price: $142,500) Another growing area in Texas is Houston. Houston is a popular destination for both veterans and active duty members with a population of more than 2 million. Houston’s energy industry along with its healthy import-export channel and manufacturing base make the city an economic powerhouse. One of the regional VA benefit centers is located in Houston as well. Houston’s median home price is attractive and it is one of the more affordable metropolitan areas in the country. Veterans can take advantage of the zero down VA home loan benefit to buy and finance a home in Houston or the surrounding areas.
San Antonio (median home price: $143,000) San Antonio is perhaps the most historic city Texas. Steeped in heritage, San Antonio is home to the revered Alamo and other monumental sites. San Antonio is a bustling military town with Fort Sam Houston, Randolph, Lackland AFB, and Brooks City Base all calling the San Antonio area home. San Antonio is also a popular retirement spot for veterans due to the lower cost of living index and median home price.
El Paso (median home price: $95,300) The western-most city in Texas, located in its own time, is El Paso. El Paso has a population of about 700,000 people and is home to the revered Army post Fort Bliss. El Paso touches both Old and New Mexico and is the single largest international metroplex in the entire world. Nestled against the scenic Franklin Mountains, El Paso is highly affordable with one of the lowest median home prices for a large metropolitan area in the state as well as the country. Strong military support means veterans and active duty members alike have used their VA home loan benefit to buy an El Paso area home and retire there.Statistics stated above can change daily, without notice. For update statistics visit: zillow.com for Median Home Pricing Information city-data.com for Population & Income Statistics
Texas Military Bases
Arnold Boulevard and S 7th
Dyess AFB, TX 79607
Robert E. Lee Gate
Building 5400 Robert E. Lee
Fort Bliss, TX 79916
Fort Bliss SFAC
Building 2494, Hinman Road
Fort Bliss, TX 79916
T.J. Mills Boulevard & 761st Tank Battalion Avenue
Killeen, TX 76544
3005 Kearney Boulevard
GAFB, TX 76908-4304
Joint Base San Antonio (Lackland Randolph Sam Houston)
Hwy 90 and SW Military Rd
Lackland AFB, TX 78236-5113
548 Laughlin Dr, Bldg 468
Laughlin AFB, TX 78843
NAS Corpus Christi
11001 D Street, Suite 143
Corpus Christi, TX 78419-5021
NAS JRB Fort Worth
1510 Chenault Avenue
NAS JRB Fort Worth
Fort Worth, TX 76127-1021
554 McCain Street
Naval Air Station Kingsville
Kingsville, TX 78363
Red River Army Depot
100 James Carlow Drive
Red River Army Depot
Texarkana, TX 75507
210 Missile Road
Sheppard AFB, TX 76312540
USAREC, 5th Medical Recruiting Battalion
1939 Buck Road
Bldg. 2003, Suite 34
JBSA Fort Sam Houston, TX 78234
USAREC, Dallas Battalion
1350 W Walnut Hill Lane, Suite 150
Irving, TX 75038
USAREC, Houston Battalion
US Army Recruiting Battalion
1919 Smith St, Suite 1529
Houston, TX 77002
USAREC, San Antonio Battalion
1939 Buck Road, Suite SA
Fort Sam Houston, TX 78234
Texas Financial Regulatory Agency
Texas Department of Savings and Mortgage Lending
2601 North Lamar Suite 201
Austin, TX 78705