Texas Vet & VA Home Loan Eligibility

Texas Veterans Loans

The eligibility criteria for a Texas Vet Loan is similar to a VA Mortgage, with the additional requirement that you are “A bona fide resident of Texas.” A bona fide resident is someone who is living in Texas with the intent to remain in Texas. This may include a Texas resident currently serving on active duty outside of Texas.

Veterans Affairs Mortgages(VA Loans)

Active Duty

Active Duty Personnel are eligible after having served on continuous active status for at least 90 days during wartime and 180 days during peacetime.

Prior Service

Prior Service Personnel eligibility is dependent on whether service occurred during Wartime or Peacetime.

Wartime Service personnel must have served at least 90 days on active duty and been discharged or released for any reason other than dishonorable conditions. If service was less than 90 days, they may be eligible if discharged because of a service connected disability.

Peacetime Service personnel must have served at least 181 days of continuous active duty and been discharged or released for any reason other than dishonorable conditions. If service was less than 181 days, they may be eligible if discharged because of a service connected disability. Contact a Loan Originator specializing in VA Loans to determine whether 181 service days occurred during peacetime periods.

Two Year Requirement Period: If the Veteran’s period of service was between September 7, 1980 (or October 16, 1981 for officers) and August 1, 1990, the Veteran must have completed 24 months of continuous active duty or the full period (at least 181 days) for which the Veteran was called or ordered to active duty; and he must have been discharged or released for any reason other than dishonorable conditions.

Selected Reserve

If they are not otherwise eligible, members of the Selected Reserve are eligible if they have completed at least 6 years in the Reserves or National Guard, or been discharged because of a service connected disability, and one of the following:

• Have been an honorable discharge
• Have been placed on the retired list
• Have been transferred to an element of the Ready Reserve
• Continue to serve in the Selected Reserve

Other Types of Eligibility

Certain US Citizens, surviving spouses, personnel discharged for service-connected disability, medical or mental conditions or reduction in force may be eligible.

If you have questions as to whether you will be eligible for a Texas Vet or VA Loan, please fill out the short form to the right and we’ll contact you to help determine your eligibility.