VA Mortgage Loans in Austin, TX
Exclusively for active-duty service members, veterans and eligible surviving spouses — some of the strongest home loan benefits available.
VA loan benefits
Who qualifies for a VA loan?
Active-duty service members, veterans meeting minimum service requirements, National Guard and Reserve members, and eligible surviving spouses. You'll need a Certificate of Eligibility (COE) — we can help you pull one.
VA loan FAQ
VA loan eligibility and your Certificate of Eligibility
VA home loan eligibility depends on your service history. Active-duty service members, veterans meeting minimum service requirements, National Guard and Reserve members, and eligible surviving spouses can all qualify. Proof comes through a Certificate of Eligibility (COE), which our team can pull electronically in most cases so you are not chasing paperwork. Central Texas is home to a large military community — including Fort Cavazos near Killeen and Temple — and VA financing is one of the most valuable benefits available to those families.
How VA loans compare on monthly payment
Two features drive the VA loan's payment advantage: no down payment requirement and no monthly mortgage insurance. On a typical Austin-area purchase, eliminating PMI alone can save a few hundred dollars every month compared to a low-down-payment conventional or FHA loan. VA loans also tend to carry competitive interest rates and cap certain lender fees, and sellers are permitted to contribute toward your closing costs.
The VA funding fee — and who is exempt
Most VA borrowers pay a one-time funding fee that supports the program, and it can be financed into the loan rather than paid at closing. Veterans receiving compensation for a service-connected disability are typically exempt from the funding fee entirely. The fee percentage also varies based on whether this is your first use of the benefit and how much, if anything, you put down.
Using your VA benefit more than once
VA entitlement is not a one-time benefit. It can be restored after you sell a VA-financed home and pay off the loan, and in some situations you can hold more than one VA loan at a time — useful for service members relocating on PCS orders. On the refinance side, the VA Interest Rate Reduction Refinance Loan (IRRRL) offers a streamlined path to a lower rate, and VA cash-out refinancing lets eligible homeowners access equity.