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.