In Honor of the 4th of July, Let’s Give our Veterans a Lower Rate on Their New Home!

The Texas Veterans Land Board is one of 5 programs in the country that rewards their service to our country with a lower mortgage rate.  Currently, that rate is just below 4% on a 30 year fixed rate mortgage.  Veterans who have a service related disability of more than 30% can even get an additional 1/2 % off of that rate. These programs are available for Veterans who live or have served in Texas and their surviving spouses.

Under these programs, reservists who are called to active duty can also have their interest payments waived for the period they are on active duty plus an additional 3 months in order to help their families with expenses while they serve our country.  They would only be responsible for principal and escrow payments.

These programs are only available through certain lenders and can be applied to VA, Conventional, and FHA loans.

Please contact Marc Elliott (NMLS #234917) with AMCAP Mortgage for more information at 281-687-5095.

Originally Posted on Brockway Realty LLC's Official Blog