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Houston VA Home Loans

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Houston VA Mortgage Lender

Houston VA Home Loans

VA home loans help service members, veterans, and their surviving spouses access homeownership. It is a unique mortgage program offered to members of the military. 

Capital Home Mortgage offers VA loans to Houston military service members and veterans. If you or your spouse qualifies for this loan, you’ll enjoy the exclusive benefits it gives, like liberal application requirements and generous mortgage terms.

Houston VA Loan Eligibility Requirements

The U.S. Department of Veteran Affairs (VA) guarantees a portion of the loan of qualified applicants while enabling borrowers to access up to 100% financing. However, the department doesn’t offer these loans. You can only get them at accredited private lenders in Houston like Capital Home Mortgage.

     1 ) Service Requirement

The Department of Veteran Affairs requires loan applicants to meet the following service requirements:

  • At least 81 days in peacetime
  • At least 91 days of active duty during a war
  • At least six years in the Reserves or National Guards

     2) Income Requirement

There is no maximum or minimum income requirement for VA loans. Whether earning $500,000 or $50,000 annually, we’ll still look at your debt-to-income ratio and capacity to pay. 

However, VA loans consider residual income or the income that’s left after paying taxes, insurance, and mortgage payments. 

     3) Credit Score Requirement

The VA home loan program itself doesn’t set a required minimum credit score but most lenders require a FICO score of 620 to qualify. However, this requirement rests upon the lender’s discretion. But fret not because borrowers with credit scores of 600 or below may still be eligible, with compensating factors, due to the guarantee granted by the Department of Veteran Affairs.

Houston VA Loan Benefits

VA loans have generous benefits compared to other loans. They make home ownership for military members and veterans easy and accessible. Benefits include:

  • No down payment is required;
  • No private mortgage insurance;
  • Limited closing costs for buyers;
  • No prepayment penalty for early settlement of the loan;
  • Borrower assistance to prevent defaults.

Types Of VA Loans

A VA loan can be taken as a home purchase loan, cash-out refinance, interest rate reduction refinancing (IRRR), or a Native American direct loan. 

Get a home purchase loan if you’re a first-time homebuyer. Cash-out refinance is a good option for getting a better loan term and cash. An IRRRL loan will restructure your existing loan to get better interest rates or lower monthly payments.

Apply For A Houston VA Loan

A VA loan gives unique benefits to the families of military service members and veterans. Generally, its financing terms are more generous and favorable than other home loan products. 

If you want to learn more about VA loans in Houston, our VA loan specialists at Capital Home Mortgage can explain them to you in greater detail. We understand that buying a home is a big deal, and we make sure to make it a hassle-free experience from start to finish. We also offer competitive rates and low fees, so you get a better all-around deal.  

Call us at (281) 674-7372 to speak with our Houston loan officers about your VA loan. 

Why Houston is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Houston Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Houston Customer Service

7  Day a Week Support from Application to Final Mortgage Payment. 

Houston Mortgage Rates

Capital Home Mortgage Houston is dedicated to offering Great Houston Mortgage Rates.

Call now to speak with a Loan Officer or request a no obligation custom rate quote.

Capital Home Mortgage is dedicated to offering Great Mortgage Rates.

Call Now to Speak with a Loan Officer or Request a no Obligation Rate Quote

Houston VA Purchase Loans

VA Home Loans are 100% financing with no loan limits provided the veteran has full entitlement available.  The goal of the VA is to guarantee the loan for lenders in order to make homeownership easier and desirable for all active duty service members, active duty reservists, honorably discharged veterans, as well as retired and disabled service members.

  • No Down Payment / No Loan Limits
  • No Monthly Mortgage Insurance Required
  • Simple Qualifying/ Flexible Underwriting
  • Seller Paid Closing Costs up to 4%
  • Higher Debt to Income Ratios Allowed
  • Alternate Credit Allowed
  • Manufactured Housing Permitted (Subject to Restrictions)

Houston VA Refinance Loans

The VA Home Mortgage Program offers two types of refinances.  The streamline refinance, known as an interest rate reduction loan requires minimal documentation and must provide the veteran savings in payment or a reduction in term.  The regular refinance is for cash-out and for conversions when a veteran is changing their mortgage over to a VA loan.

  • Streamline Option
    • VA IRRRL Rate and Term
    • No Appraisal / No Income Verification Required
  • Full Documentation
    • Cash-Out Option (Not Available in Texas)
    • Loan Conversions

Houston VA Mortgage Information

Houston VA Loan Requirements
  • Active Duty – 90 days Wartime / 180 Days Peacetime
  • Honorable Discharged – 22 Months of Completed Service
  • National Guard / Reserves – 6 Years Completed Service
  • Spouse of a Service Member who Died in the line of Duty or as a result of Sevice realted Disability
Houston VA Funding Fees
  • VA Purchases – First Use
    • 0% to 5% Down Funding Fee 2.3%
    • 5% or Higher Down Payment Funding Fee 1.65%
    • Subsequent Uses Funding Fee 3.6%
  • VA Cash-Out Refinances or  VA Refinance Conversions
    • First Use 2.3%
    • Subsequent Uses 3.6%
    • VA IRRL Refinance 0.5%
  • No Funding Fee with 10% or Higher Disability
Not Sure? Take a Look at Other Houston Mortgage Programs

Houston Texas Mortgage Team

Conor Hayhurst

Managing Director
NMLS 743506

Kelly Cameron

Loan Officer
NMLS 178093

Kelvin Thompson

Loan Officer
NMLS 2050042

Jonathon Cummins

Loan Officer
NMLS 270657

Houston Mortgage Company Reviews

What is a Texas VA Home Loan?
VA Home Loans are for active duty service members, active reservists, honorably discharged service members, as well as retired and disabled service members.VA stands for “Veterans Administration”, which oversees all Veteran benefits including home loans. Established in 1944 and part of the GI Bill or Rights, VA set out to help men and women who served their country catch up to their civilian counterparts by establishing credit and building financial wealth. It’s important to understand that VA does not lend money, VA instead provides lenders a guarantee that covers the lender from loss in the event of foreclosures.  In simple terms VA insures a portion of the loan that the buyer  would have normally had to put down to qualify allowing for a zero down payment. VA loans require an upfront mortgage insurance fee, which can be financed into the loan, from each borrower.  This fee supports the guarantee fund and makes the 100% VA home loan possible.  Veterans with a minimum of 10% disability are exempt from the funding fee.