In order to determine the maximum price of a home you can purchase with a Texas Vet or VA loan, we need to walk you through the pre-qualification process. This includes reviewing your income, assets, and liabilities. Using this information, we can estimate the mortgage payment you will qualify for, which subsequently calculates an estimated loan amount and purchase price a home you will be able to buy.
For Veterans with full entitlement available who want to purchase a home, as of Jan 1, 2020 there is no loan limit under the VA Loan Program. However, most lenders have implemented their own loan limit caps for this program. At Guaranteed Rate, we allow for financing over the conforming limit of $510,400. However, for loan amounts over $510,400 please contact the VA Loan Team to see what your down payment requirement would be, if any.
The Texas Vet Mortgage limit as of January 5, 2020 is $484,350. Being Texas Vet or VA eligible does not automatically qualify a Veteran for a mortgage up to these amounts. You still must qualify based on your income, assets, and liabilities, and if applicable we would include your spouse’s as well.
To get Started With a Texas Vet or VA Loan today, call us or fill out the short form on this page and we’ll help you get pre-qualified for a Texas Vet or VA Mortgage.
Texas Vet & VA Loan Specialist Shirley Mueller
Since 2003 Shirley has originated well over 1500 Texas Veteran and VA Loans. She has helped Veterans in almost every possible circumstance including active duty personnel deployed overseas, returning home, with PCS orders, as well as separated and retiring Veterans. – Read More
