Because Veterans Day is tomorrow, we wanted to take a moment to express our gratitude for the brave sacrifices of the more than 1.4 million veterans in Texas.
We recognize the bravery of the Texas men and women that have dedicated themselves to defending our country. That’s why we do our best to spotlight programs and services that help current and former members of our armed forces live comfortably in the communities they worked to protect.
TSAHC’S TOOLS FOR VETERAN HOMEOWNERSHIP
Here at TSAHC, we strive to give Texas veterans every opportunity to pursue the dream of homeownership. Our Home for Texas Heroes program is a home buyer assistance program designed to help veterans buy a home by offering down payment assistance worth up to 5% of the mortgage loan amount.
In fact, veterans who pair TSAHC's down payment assistance (DPA) with a Mortgage Credit Certificate (MCC) are eligible to receive their MCC for free (a $500 savings)! An MCC reduces the federal income tax liability every year, allowing home buyers that claim it to save thousands over the life of a loan.
OTHER HOME BUYING RESOURCES FOR VETERANS
- U.S. Department of Veterans Affairs: provides a home loan guaranty benefit to help veterans buy, build, repair, retain, or adapt a home to suit their occupancy needs. Although VA loans require zero down payment, they can also be paired with other programs such as TSAHC's Homes for Texas Heroes program.
- Texas Veteran's Land Board: provides low-interest land, home, and home improvement loans that require little or no down payment. The home loan program also offers an interest rate reduction to qualifying veterans with a disability.
- Pen-Fed Foundation: periodically offers grants for down payments to veterans who are first-time homebuyers.
- State Bar of Texas: supports pro bono legal clinics throughout Texas for military veterans who cannot afford to access the legal services they need.
- Texas Legal Services Center: provides free legal assistance via telephone to Texas veterans, with an emphasis on serving disabled veterans in rural areas of the state.
- Texas Veterans Portal: The Texas Veterans Portal connects veterans, their families, and caregivers to the benefits and services earned through their military service. There are resources for health and wellness, education and training, disabilities and claims, among others.
- Texas Veterans Commission: The Texas Veterans Commission was created to assist veterans and to serve as the state appointed advocate for Texas veterans as they attempt to secure the benefits they earned in exchange for their service. Their programs include claims services, employment and education resources, an entrepreneurship program, a veterans' assistance fund, and more.
- TexVet: Funded by the Texas Health and Human Services Commission and the Texas A&M University Health Science Center, TexVet helps veterans locate resources, services, and information near them. With resources for VA claims assistance, legal assistance, housing assistance, and more, TexVet is another great website to check out.
On the House blog posts are meant to provide general information on various housing-related issues, research and programs. We are not liable for any errors or inaccuracies in the information provided by blog sources. Furthermore, this blog is not legal advice and should not be used as a substitute for legal advice from a licensed professional attorney.