The Benefits a Disabled Veteran Gets While Applying For a VA Home Loans Texas

Texas is home to some of the most bravest men and women, who don’t think twice before putting their lives and limbs on the line while serving their country on the battlefield. Unfortunately, some of these brave men and women lose their limbs or suffer some serious injury which restricts them for life. These disabled veterans do get a number of benefits that helps them to live a better life that they deserve to live. However, most disabled veterans often have doubts about the benefits they are entitled to when it comes to VA Home Loans in Texas. In the following post, we would be trying to clarify some of the doubts so that you understand the rights that you are rightfully entitled to.

 

Is a Disabled Veteran Eligible for a VA Loan?

 

Yes, a veteran who is disabled due to an injury sustained during his/her service is eligible for a VA Loan. However, you must keep in mind that you need to serve more than 90 days during wartime or more than 180 days during peacetime, in order to be eligible.

 

Does the Disability Rating or Disability Income Lowers Your Chances of Getting a VA Loan?

 

Your disability rating doesn’t have any impact on the chances of getting VA Home Loans Texas. Most disabled veterans think that their disability income might create some issues in getting a VA guaranteed home loan. However, it is not that way. You can get a VA Loan, even if you get a disability income.

 

VA Funding Fee Exemption

 

Every applicant for a VA Loan in Texas need to pay a VA funding fee to get the loan. This could turn out to be quite expensive depending on the loan amount. However, disabled veterans with a valid disability rating would be completely exempt from paying any funding fee. If you get the rating, after the loan has been closed, then you would getting a refund as well.

 

So, if you are a veteran looking for VA Loans Texas, then you are entitled to a number of benefits. Get in touch with the leading VA approved lender in your state and get an approved loan with ease.