We are very familiar with the lending needs of our military community. Home to Lackland AFB, Randolph AFB, Brooks AFB, and Fort Sam Houston, San Antonio is definitely a military city. Since the military is such a big part of our city, VA Loans are very common. We can help put you in contact with a Lender that specializes in this type of loan and who can help you get pre-qualified.

Pre-qualification is an important step when buying a house in San Antonio because it alleviates a lot of stress. By having a pre-qualification completed, you’ll know exactly what price range you need to look in, so you can rest assured that when you find your dream home, it will also fit your financial needs. Your pre-qualification will also give you leverage when you submit an offer on a home. When the Seller sees that you’ve been pre-qualified, or pre-approved, they know that you’re serious about the offer you are submitting and will usually take you more seriously.

VA Loans are a great benefit to Active Duty personnel and Veterans alike, and you can use them more than once. Some of the advantages of a VA Loan are:

-You usually no down payment.

-You can negotiate the interest rates with your Lender.

-You don’t have to pay the monthly private mortgage insurance.

-There’s a limit to your closing costs as a Buyer.

-The appraisal can inform you of your home’s estimated property value.

So what happens if you’ve already used your VA Loan?

You can purchase another home with a VA Loan if:

-The previous property has been sold and the loan paid in full.

-A qualified buyer assumes the VA loan and substitutes their entitlement for the same amount of entitlement originally used by the veteran seller.

If you’d like to talk to a mortgage professional but don’t know who to contact, we can provide you with a list of high-qualified and experience mortgage professionals who can guide you in the right direction. Although we do business with a few different lenders, we receive no incentive for recommending them–they’re simply great at what they do, and have provided great service to our past clients.

For more information, you can also contact:

Houston RLC
States of AR, LA, OK, TX
Department of Veterans Affairs
VA Regional Loan Center
6900 Almeda Rd. Houston, TX 77090
Phone: 1-888-232-2571

Full information about the VA Loan program is available here.