VA & Texas Vet home loans for Fannin County veterans
Veterans and military families in Fannin County have a real advantage when buying a home: the Texas Veterans Land Board (VLB) program paired with the federal VA benefit. Together they can mean $0 down, no monthly PMI, and a discounted fixed rate the state sets every week. Pairing the VLB loan with your VA benefit means a discounted rate and zero down on the same home. From Bonham to the surrounding towns, we help Fannin County veterans find the right loan and lock a competitive rate.
Fannin County at a glance
In Fannin County, the median household income is about $70,819 (2024). Veterans here often pair the weekly VLB rate with their federal VA benefit to buy at the local price point with $0 down.
Why Fannin County veterans choose the Texas Vet program
- Below-market VLB interest rates, re-set the first business day of every week
- $0 down when the Texas Vet rate is paired with your federal VA loan benefit
- Up to $832,750 financed on a fixed 15, 20, 25, or 30-year term
- Use it to buy a home, the VLB also offers Texas land and home-improvement loans
Whether you're buying near Bonham or elsewhere in Fannin County, the fastest way to see your numbers is the 60-second eligibility check, no credit pull and no obligation.
Understanding the VA funding fee
The VA funding fee (about 1.5%-3.3% of the loan) replaces monthly mortgage insurance and helps keep the program running. It can be rolled into your loan, and if you receive VA disability compensation you're exempt entirely, one of the biggest reasons disabled veterans save so much.
Funding fee tiers, and who skips them
The VA funding fee runs 2.15% on a first-use purchase with less than 5% down, drops to 1.5% with 5% down and 1.25% with 10% down, and is 3.3% for subsequent use with minimal down. IRRRLs are just 0.5%. Veterans receiving VA disability compensation, Purple Heart recipients, and eligible surviving spouses pay nothing.
Benefits for spouses and surviving spouses
Spouses can co-borrow, and unremarried surviving spouses of veterans who died in service or from a service-connected disability may be able to use the VA home loan benefit themselves, including the funding-fee exemption.