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Military Veterans Association of Real Estate Professionals

Texas Veterans Land Board (TVLB) Loan

How the Housing Assistance Program Works

The Veterans Housing Assistance Program (VHAP) provides financing up to $424,100 toward the purchase of a home to qualified Texas veterans.

There is no maximum sales price with the VHAP; however, the VLB can only loan up to $424,100 towards the purchase.

The VHAP is not a refinancing program. If you have an existing loan on your home, you cannot use the VHAP to lower your interest rate, nor can the VHAP be used as a down payment on a home. The loan can only be used as a first lien on your primary residence.

All VLB loans require an escrow account be set up for taxes and insurance. Cosigners and guarantors may be accepted on the veteran's behalf if the veteran has sufficient income to qualify for at least 60 percent of the monthly payments on the mortgage loan, including taxes and insurance. The term of the loan can be 15, 20, 25 or 30 years.

The Land Board offers free VLB Public Information Seminars that are conducted throughout Texas. Details about all VLB programs are discussed at these informative meetings. Check the Seminar Schedule to find the location nearest you.

Texas Land Board Eligibility Requirements

To be eligible to participate in the Texas Veterans Loan Programs, you must:

  • Be at least 18 years of age.
  • Be a bona fide and legal resident of Texas on the date of application. (A "bona fide resident" is someone who is living in Texas with the intent to remain in Texas. Presence in Texas due solely to military service may not establish bona fide residency.)
  • Meet one of the following service criteria:
    • An active duty military member; OR
    • A verteran having served no fewer than 90 continuous days on active duty (including active duty for training) in the Army, Navy, Air Force, Marines, Coast Guard or United States Public Health Service (unless discharged sooner by reason of a service-connected disability); OR
    • A member of the Texas National Guard; OR
    • A reserve component military member having completed 20 qualifying years so as to be eligible for retirement; OR
    • A surviving spouse of a veteran listed as missing in action or whose death was service connected.
  • Have successfully repaid any previous VLB loan. A loan is considered repaid when the account has been paid in full by the original veteran purchaser or last approved assignee. Any other active VLB loans in programs other than the one for which application is being made must be in good standing. Veterans are entitled to have only one loan in each VLB program at the same time.

Eligibility criteria on the Texas Veteran Web site can give you a preliminary indication of whether you may be eligible to participate in VLB programs. Final determination must be made by the VLB from supporting documentation you submit with a certification application.

All VLB loans are subject to credit approval. Interest rates and interest rate incentives are subject to change.

Veterans with Disabilities Program

The Veterans Housing Assistance (VHAP) and Home Improvement (VHIP) Programs offer an interest rate reduction of 0.5% to qualifying veterans with disabilities. The Veterans with Disabilities Discount applies to veterans with a compensable disability rated at 30% or greater by USDVA. The veteran must also meet all other eligibility requirements for the VHAP and VHIP.