VA / VLB Home Loans in Tomball, Northwest Houston and Texas


Many people are confused or unaware of the loan programs available to our veterans for their sacrifices to our country. One program is the VA Home Loan program. 

A VA Loan is a mortgage loan made to an eligible veteran that is backed and guaranteed by the Department of Veterans Affairs. This means that the VA provides protection to the lender against loss and replaces the down payment required to purchase the home. There are many benefits to a VA or VLB (Veterans Land Board) loan. Some of these include, no money down, lower fees, minimal closing costs and having a competitive to below market interest rate. 

All current active duty service members who have been in for at least 90 days are eligible for the loan. In addition, all members of the National Guard, Reserves, Veterans who served sufficient time on Active Duty and discharged honorably as well as unmarried surviving spouses, merchant marines and public health service workers are all eligible for the program. 


But how much does the VA Loan guaranty?

Basic entitlement of $36,000 covers loans up to $144,000

Bonus entitlement of $68,250 + the basic entitlement of $36,000 covers loans up to $417,000. 

The VA guaranty equals 25% of the loan amount up to $417,000 with no money down!

Some individuals think that the VA loan process is frustrating or hard to understand. Here are the steps that the Veteran will have to take to obtain the loan.

1. Find an Approved Lender

2. Pre-qualify

3. Obtain a certificate of Eligibility

4. Find a Home

5. Lender orders Appraisal on-line, processes the loan 

6. Underwriter reviews loan package

7. Loan closes

8. Lender electronically obtains loan guaranty

There are numerous other factors to consider when obtaining a VA Loan, such as the amount of entitlement, using partial entitlement, Certificate of Eligibility (COE), amount of residual income as well as costs, concessions and contributions. For more information, feel free to call or email me.  You can also find more information at

Jessica Edds

ERA Lone Star Realty



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Post Category: Home Buying, Mortgage & Finance, Education

Local : Tomball

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