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In 1983, the Texas Veterans Housing Assistance Program was created to offer up to $417,000 in home loan financing to Texas veterans. In 1986, the Texas Veterans Home Improvement Program was introduced to offer Texas veterans up to $50,000 in home improvement loans. Interest rates for VLB housing and home improvement loans are posted online weekly.
Reverse mortgage: A reverse mortgage is a loan taken out against your current home, in which a lender pays you monthly installments; these must be repaid, or the home surrendered to the lender ...
The Low Income Home Energy Assistance Program ( LIHEAP, pronounced "lie" "heap") is a United States federal social services program first established in 1981 and funded annually through Congressional appropriations. The mission of LIHEAP is to assist low income households, particularly those with the lowest incomes that pay a high proportion of ...
The Home Affordable Refinance Program (HARP) was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without also paying for mortgage insurance. Originally, only those with an LTV of 105% could qualify. Later that same year, the program was expanded to include those ...
Step 1: Determine if you are eligible for a VA loan. Before you start shopping for a VA loan, figure out if you meet the VA loan eligibility requirements, which include: Length of service: For ...
These are the main requirements for getting a VA-backed purchase loan: You must be entitled to and obtain a Certificate of Eligibility (COE) based on your military service record, including ...
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