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.