Eligible Texas Veterans and Military Members have an opportunity to purchase a home with a competitive, low-interest loan with little or no down payment. Veterans, Military Members and their spouses may receive up to $484,350 on a fixed-rate loan for 15, 20, 25 or 30 year terms*.
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The payment on a $203,500, 30-year fixed rate loan at 3.49% and 74.91% loan-to-value (LTV) is $1,044.85 with 2.00 Points due at closing. Payment includes a one time upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 0.8% of the base loan amount.
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Millennials in Texas are more likely to own a home than their counterparts across the country, and they are slightly less likely than the national average to have used a mortgage to finance their home.
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The vote approved the passing of Senate Joint Resolution 60, which amends Section 50, Article XVI of the Texas Constitution, which applies to the origination or refinance of a home equity loan made on.
A Mortgage credit certificate (mcc) entitles qualified home buyers to reduce the. This tax credit allows the buyer to qualify more easily for a loan by increasing.
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