How the Texas Vet Program Works
The Texas Veterans Land Board is authorized to provide below market interest rates to those who qualify as a Texas Veteran. You must first be able to demonstrate that you were in the service the minimum days required to satisfy guidelines. This is normally done by providing a copy of your DD 214 and in some cases proof of residency for the past twelve months. Your credit approval is determined by the everyday guidelines of a Conventional, FHA, or VA loan. For help in determining which loan type best fits you, contact your mortgage team experts, THE COVENANT TEAM, for assistance. We are pleased to provide you with your Pre-Approval letter to present with your offer on your new home purchase as well as estimated costs and fees for negotiations. With your home under contract, we can obtain a rate lock under the Texas Vet Home Loan Program. The interest rate you receive is governed by the base rate which changes weekly and any adjustments that may be made.
We are pleased to assist you in determining your eligibility for this Low Interest Rate Program. The Covenant Team of Service First Mortgage will help you in the completion of all required Texas Vet forms and submit them to the Texas Veterans Land Board to obtain your certification.
- You must have served no fewer than 90 consecutive days on active duty unless discharged sooner for a service connected disability. Active duty is considered even if it was for training purposes in the Army, Air Force, Navy, Marines, Coast Guard or the United State Public Health Service or a reserve component of one of the listed branches. Texas National Guardsmen are eligible after completing all active duty training requirements as a condition of enlistment or appointment. The unmarried surviving spouse of a Texas Veteran who is missing in action, or who dies in the line of duty, or died from a service connected cause may be eligible.
- You listed Texas as your home of record at the time of entry into the military or you must have been a legal resident of Texas for at least twelve consecutive months immediately prior to filing your application for a Texas Veterans Certificate. You must be a bona fide Texas resident at the time the application is made for your Certificate (living in Texas).
- You have not been subject to a Dishonorable Discharge
- Contact The Covenant Team at (972) 396-9143 for more details on this program today!