How Waco veterans buy with the Texas Vet program
Central Texas veterans in Waco — close to Fort Cavazos — use the Texas Vet (VLB) program to buy along the I-35 corridor.
We work with veteran buyers across Castle Heights, Woodway, China Spring, Hewitt — from Waco to the surrounding Waco communities. Fort Cavazos (nearby) anchors a deep military community here, so VA offers are routine — not exotic.
The Waco veteran's advantage
- No monthly PMI — often $150–$250/month saved vs. conventional
- Below-market VLB interest rates, updated weekly by the state
- Reusable entitlement — the benefit travels to your next home too
- Extra rate discount for 30%+ disabled veterans, with the funding fee waived
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.
Buying above the conforming limit
With full entitlement, the VA imposes no loan limit on a $0-down purchase — qualification, not a cap, sets your ceiling. The VLB program tops out at $832,750, so veterans shopping above that figure typically lean on the federal VA side, where higher amounts remain possible with no down payment.
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.