PCS'ing to Texas and Need a Texas Vet VA Home Loan? Here's the 11 Documents You NeedPosted by Daugherty Chandler on May 24th, 2021 company website off the bat you have to know when you turn up and report for duty in Texas is that you may qualify to be a real Texas Vet, quickly. I'll let you know inside a paragraph or two getting that status. It's easier than you imagine. we go. So you're active military and located this informative article. You have orders to report to a base in Texas. it is usually any military installation in different city in the State of Texas, so that you know. www.credithub.com.au/who-we-are/ have no idea what to do to get qualified for any house loan, right? Perhaps you happen to be wondering when you can even afford a residence. Well, you stumbled on the best place. By the way, should you not understand what PCS'ing represents, you're reading the wrong article. This is the part where you chuckle, by the way. Not only does Texas give you, the military personnel, a great chance to purchase real estate property but the cost of living the following is very inexpensive (pun intended) and you may basically cover your loan payment along with your BAH alone. Who needs base housing when you're able to afford your home, right? TEXAS VET ACTIVE MILITARY You already know in case you are active military, right? Goodness, let's hope so. If you have served for 90 days and you're simply Marine Corps, Army, Navy, Air Force, Coast Guard and/or National Guard you are able to qualify as a Texas Vet. To get a house here, you first need to speak to someone like myself, a certified mortgage banker inside the State of Texas. read what he said will need to provide the "checklist" (the following) in your lender so that they may begin the entire process of getting you pre-qualified. Guess what? To be considered a "authentic" Texas Vet all that's necessary are 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 2 months of pay stubs for non-military borrower (spouse for instance, if applicable) 3-Last 2 months of your LES statements. Your LES must show "TX" is home of residence. If not you need to fill in form DD-2058 and obtain that changed 4- Last 2 months of your respective newest bank statements, ALL pages for ALL accounts 5- Copy of your respective DL (either side) 6- Copy of one's SS card 7- Copy of one's Military ID (both sides) 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) can be a 100% financed loan for purchases up to 5,000.00 in Texas. You may not need that big of a home, but it is there if you'd like it. There is no mortgage insurance on the Texas Vet VA house loan, (or any VA loan for instance) you will benefit by getting the Texas Vet interest which is fixed for three decades and there are not any pre-payment penalties whatsoever. You get a similar treatment whether you're an E-4, CMSgt. or perhaps a 2 Star. Don't be afraid must questions and at heart, you will find few lenders in Texas that still offer Texas Vet VA loans. Be careful which team you visit...especially on-line brokers. If you go that route, you're playing lending roulette. Some of the biggest lending names you might think of within the financial community (including lending institutions and perhaps those who handle your insurance paperwork) do not offer Texas Vet VA loans. It is an animal all to itself as well as to get 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 along with the only landlord you might have is yourself. If you've never visited Texas, we invite you and please enjoy our Texas down-home hospitality. I thank you from your bottom of my heart for your service to our country. It means everything inside world in my experience. Thanks for reading.Like it? Share it! More by this author |