Home loans for Gillespie County veterans and military families
For Gillespie County veterans, the road to homeownership runs through two programs worth knowing well: the Texas Veterans Land Board and the federal VA loan. Combine them and you get a state-discounted rate with no down payment required. Disabled veterans may also qualify for Texas property tax exemptions worth thousands a year. Whether you're buying in Fredericksburg or elsewhere in Gillespie County, a local specialist can map your options.
Gillespie County at a glance
In Gillespie County, the median household income is about $86,869 (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 Gillespie County veterans choose the Texas Vet program
- The VA funding fee waived entirely for qualifying disabled veterans
- A reusable benefit that travels with you to your next Texas home
- Use it to buy a home — the VLB also offers Texas land and home-improvement loans
- $0 down when the Texas Vet rate is paired with your federal VA loan benefit
If you're a veteran or military family buying in Gillespie County, a quick eligibility check shows this week's VLB rate and whether stacking it with your VA benefit beats a straight VA loan.
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.
Texas acreage with 5% down
The VLB land loan is the only program of its kind in the nation: eligible Texas veterans finance tracts of one acre or more — currently up to $200,000 — with as little as 5% down on a fixed term. Banks rarely touch raw land on those terms, and the 30%+ disability rate discount applies here too.
No monthly mortgage insurance — ever
Unlike conventional loans with less than 20% down, VA and Texas Vet loans carry no monthly PMI. On a typical Texas home that's often $150–$250 saved every month, money that stays with your family instead of an insurer.