PCS'ing to Texas and Need a Texas Vet VA Home Loan? Here's the 11 Documents You NeedPosted by Lanier Winkler on May 14th, 2021 TEXAS VET HOME LOANS The very first thing you have to know when you and report for duty in Texas is that you may qualify becoming a genuine Texas Vet, almost immediately. I'll inform you in the paragraph or two the way to get that status. It's easier than you believe. we go. So you're active military and found this informative article. You have orders to report to a base in Texas. it can be any military installation in any city inside State of Texas, so you realize. You probably have no clue what to do to get qualified for the mortgage loan, right? Perhaps you might be wondering if you possibly could even afford a property. Well, you found the right place. By navigate to this site , if you don't know what PCS'ing is short for, you're reading the wrong article. This is the part that you chuckle, mind you. Not only does Texas supply you with, the military personnel, an outstanding opportunity to purchase real estate property though the cost of living here's dirt cheap (pun intended) and you may basically cover your loan payment along with your BAH alone. Who needs base housing when you can afford your own property, right? TEXAS VET ACTIVE MILITARY You know already if you are active military, right? Goodness, let's hope so. If you've got served for 90 days and you are Marine Corps, Army, Navy, Air Force, Coast Guard and/or National Guard it is possible to qualify as a Texas Vet. To get a residence here, you first need approach someone like myself, a licensed mortgage banker in the State of Texas. You will need to give you the "checklist" (further down) in your lender so that they may begin the entire process of getting you pre-qualified. Guess what? To be considered a "real" Texas Vet all you want will be the orders, report to duty and be here only "one day." It's that simple! Here's the checklist; 1- Last a couple of years. of W-2's 2- Last 8 weeks of pay stubs for non-military borrower (spouse as an example, if applicable) 3-Last 2 months of your LES statements. Your LES must show "TX" is home of residence. If not you will need to fill out form DD-2058 and acquire that changed 4- Last 8 weeks of your most recent bank statements, ALL pages for ALL accounts 5- Copy of one's DL (both sides) 6- Copy of your SS card 7- Copy of your respective Military ID (each side) 8- PCS order to Texas 9- Current S.O.S. (Statement of Service) 10- VA form C.O.E. (Certificate of Eligibility) 11-Texas Vet Form N.O.E. (Notice of Eligibility) is a 100% financed loan for purchases approximately 5,000.00 in Texas. this article may not need that big of a house, but it's there if you'd like it. There is no mortgage insurance with a Texas Vet VA home loan, (or any VA loan for instance) you'll benefit by getting the Texas Vet monthly interest which is fixed for 3 decades where there aren't pre-payment penalties whatsoever. You get exactly the same treatment if you are an E-4, CMSgt. or perhaps a 2 Star. Don't be afraid to question questions whilst in mind, you will find few lenders in Texas that still offer Texas Vet VA loans. Be careful which team you check out...especially on-line brokers. If you go that route, you happen to be playing lending roulette. Some of the biggest lending names it might seem of inside financial community (including lending institution and perhaps the ones that handle your insurance paperwork) usually do not offer Texas Vet VA loans. It is an animal all to itself as well as to be handled by an expert loan originator. I cannot stress this enough.Think of it this way, the whole time you happen to be stationed in Texas, you can own a house and also the only landlord you might have is yourself. If you've never gone to Texas, we invite you in and please enjoy our Texas down-home hospitality. I many thanks from the bottom of my heart for your want to our country. It means everything in the world if you ask me. look what i found for reading.Like it? Share it! More by this author |