Texas

Branches located in Texas

Cleveland

Welcome to Texas

The Lone Star State, renowned for its vast landscapes, rich cultural heritage, and booming economic hubs. From the rolling plains to the bustling cities of Houston, Dallas, and Austin, Texas blends southern charm with modern innovation. The state’s diverse geography includes deserts, forests, and stunning coastline along the Gulf of Mexico.

Texas boasts a strong economy driven by energy, technology, and agriculture, contributing to its status as one of the fastest-growing states in the nation. With world-class universities, vibrant arts and music scenes, and a significant military presence, Texas offers something for everyone. At Military Home Spot Lending, we’re here to help you find your perfect home in this dynamic and exciting state.

Major Texas Cities

Texas’ "Biggest Cities" section highlights the most prominent urban centers that define the state’s culture and economy. From Houston’s energy-driven growth to Austin’s tech scene and San Antonio’s historical landmarks, these cities are as diverse as the state itself. This section explores the pulse of Texas’ urban life, showcasing the uniqueness and appeal of each major city.

Quick Links To Other City Pages

San Antonio

Austin

Dallas

Houston

Fort Worth

El Paso

Corpus Christi

Plano

Laredo

Lubbock

Irving

Garland

Amarillo

Grand Prairie

McKinney

Veteran Benefits in Texas

Texas takes pride in supporting its veterans through a comprehensive range of benefits, from property tax exemptions to education incentives. The state’s veteran programs are designed to improve quality of life and provide economic opportunities for those who served.

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Texas Military Presence

Texas is home to some of the most important military installations in the United States, underscoring its critical role in national defense. From large Air Force bases to expansive Army posts, Texas serves as a cornerstone for military operations, training, and readiness. These bases not only provide vital defense capabilities but also contribute significantly to local economies.

• Fort Cavazos (formerly Fort Hood): One of the largest military installations in the world, located near Killeen. It is a hub for Army training and operations.
• Joint Base San Antonio: A combination of Lackland Air Force Base, Randolph Air Force Base, and Fort Sam Houston. It provides basic military training for the Air Force and medical training for all branches.
• Fort Bliss: Located in El Paso, this Army post plays a key role in armored vehicle training and missile defense.
• Naval Air Station Corpus Christi: A primary training base for Navy pilots.
• Dyess Air Force Base: Located in Abilene, Dyess is home to B-1B Lancer bombers and various logistics units.
• Goodfellow Air Force Base: A key location for intelligence and surveillance training in San Angelo.
• Sheppard Air Force Base: One of the Air Force’s largest technical training facilities, based in Wichita Falls.
• Naval Air Station Kingsville: Trains Navy jet pilots and operates one of the Navy’s advanced jet training programs.
• Ellington Field Joint Reserve Base: Located in Houston, supporting multiple Reserve and National Guard units.

Texas VA Loan Requirements

VA loan requirements in Texas follow the same general guidelines as other states, with eligibility primarily determined by service history and discharge status. Additional criteria like funding fees and property requirements also apply.

To qualify for a VA loan, applicants must meet at least one of the following service conditions:

• 90 days of active duty during wartime
• 181 consecutive days of active service during peacetime
• 6 or more years in the National Guard or Reserves
• Surviving spouse of a service member who died in the line of duty or as a result of service-connected disability

In addition to service eligibility, VA loans have specific conditions:

• Funding Fee: This one-time fee helps cover the cost of the loan. It varies based on down payment and military category. Some borrowers, such as those with service-related disabilities, may qualify for exemptions.
• Occupancy Requirement: The borrower must typically occupy the home within 60 days of closing.
• Primary Residence Use: VA loans must be used to finance a primary residence, not for second homes or investment properties.

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Texas VA Loan Limits

VA loan limits in Texas are generally aligned with the standard conforming loan limit, which is currently $766,550 for a single-family home in most counties. However, some high-cost areas may have higher limits.

It is important to note that VA loan limits do not restrict how much you can borrow, but rather how much can be borrowed without a down payment. With full entitlement, veterans can borrow above these limits if they meet lender qualifications.

VA Loan Entitlement in Texas

VA entitlement determines how much of the loan is guaranteed by the VA. This protects lenders against borrower default. Entitlement can be full or remaining, based on past VA loan usage.

• Full Entitlement: Allows veterans to borrow without limits, as long as the lender approves.
• Remaining Entitlement: If part of your entitlement has been used, the remaining amount determines how much the VA will guarantee for your next loan.

Consult your Loan Officer to better understand how entitlement can affect your borrowing capacity and loan terms.

VA Loan Rates in Texas

VA loan interest rates in Texas fluctuate based on market conditions and borrower-specific factors like credit score and loan amount. VA loans typically feature lower interest rates compared to conventional loans, thanks to the VA guarantee.

Types of VA Mortgage Programs in Texas

• VA Purchase Loan: Available with fixed and adjustable rates, these loans are ideal for buying new homes or refinancing existing ones.
• VA Cash-Out Refinance: Veterans can refinance non-VA loans or access home equity for expenses like debt consolidation or renovations.
• VA Streamline Refinance (IRRRL): This refinance option lowers the interest rate with minimal paperwork and requirements.

How to Get a VA Loan in Texas

Follow these steps to secure a VA loan in Texas:

1. Obtain Your Certificate of Eligibility (COE): The COE verifies your eligibility for a VA loan. Your lender can assist in acquiring it.
2. Select the Right Loan Option: Your Loan Officer will help identify the best VA loan program based on your financial goals.
3. Find a Property: Work with a real estate agent to locate a suitable home and negotiate purchase terms.
4. Appraisal and Approval: A VA-approved appraiser evaluates the property to ensure it meets VA standards.
5. Close the Loan: Once approved, you’ll finalize paperwork and complete the purchase or refinance process.

Once completed, you can enjoy the benefits of homeownership through the VA loan program in Texas.

Real Estate in Texas

Texas' real estate market is diverse, offering homes from bustling metropolitan areas like Houston, Dallas, and Austin to quieter suburban and rural communities. Its steady job growth, favorable tax conditions, and expanding infrastructure make Texas one of the most desirable states for homebuyers. Texas veterans benefit from property tax exemptions and affordable housing options through the Texas Veterans Land Board. Whether you're seeking urban excitement or country living, the Texas housing market provides opportunities for every lifestyle.