Home Improvement Loans for Veterans!

By
Real Estate Agent with Brown Realty, 210-789-4216,www.JeremiahNewman.com TREC #0492321
https://staging.activerain.com/droplet/58Wv

If you’re a veteran looking for a home improvement loan to make some upgrades to improve your home, I have good news and bad news.

The bad news is the VA doesn’t offer any loans for this purpose. However, the good news is the Texas Veterans Land Board does, and they recently doubled the amount they’re willing to loan to a veteran—$50,000.

There are a couple very favorable terms to this loan. Not only will they go up to 20 years on the loan at below market rate, but you don’t have to provide a down payment either. However, the program does have some additional requirements.

  • A $10 Flood Certification is required upon application.
  • $125 title search fee required at time of application.
  • Of course, there are closing costs too.

 Finding a Contractor

To apply for this loan, just go online at Texas Veterans Land Board Home Improvements. You'll see all the eligibility requirements and additional information. From there, they’ll contact you to get the ball rolling.

One of the requirements for this loan is you need to gather two bids for the work you want to be done—they won’t allow you to do it yourself. After they underwrite and approve the loan, the work will begin. Typically, they’ll send the money to a local title company in your area. As soon as the work is done, they’ll send an inspector to your home to ensure the work has been done satisfactorily and you’re happy with it. After that, they’ll fund the work and make sure the suppliers get paid.

There are home improvement loans available for non-veterans too. They’re typically done by most banks or federal credit unions, and most of them are underwritten by HUD. If you’d like to know more about these, ask your local bank or credit union.

If you have any more questions about home improvement loans, don’t hesitate to give me a call at 210-789-4216. As always, it doesn’t cost a dime to talk, and I’d love to help you. Stop by my website if you’re thinking about selling or buying another home. You may even qualify for that second home.

 

 

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Topic:
Home Improvement
Location:
Texas Bexar County San Antonio
Groups:
Military
Texas Real Estate
All Thing's Texas
Texas Rocks!
Tags:
home improvement for vets
veteran loans for home improvement
home improvement loans for veterans

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Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Jerry... how cool is that with Texas offering those rehab loans. Now I have to go and check on what NC does.

Dec 27, 2017 10:56 AM #1
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Nina, Yes, Texas Vets get some additional benefits for being in Texas. It would be great if you have something similar in NC with Fort Bragg and all the vets over there. 

Dec 27, 2017 11:28 AM #2
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Good information, Jerry. I have dealt with several Vets that had a disability and were able to get some improvements done through VA to make their homes more livable due to their service-related handicaps. 

Dec 28, 2017 10:02 AM #3
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Debbie, It's so nice to have programs like this to help our veterans. Many of them don't always know where to get the help they need to make these home improvements. 

Dec 28, 2017 10:18 AM #4
Rainmaker
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Michele Cadogan
Fillmore Real Estate Brooklyn New York - Brooklyn, NY
917-861-9166 - Brooklyn Real Estate Home Sales

Good to hear that the Texas Veteran  Land Board offers home improvement loans to qualifying veterans.  Hoping that maybe some of your local community banks will offer these services to veterans in Texasas as well in the future. 

Dec 28, 2017 03:59 PM #5
Rainmaker
3,481,654
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jerry, this is good news for Veterans in Texas, and should check CO to see if we have a program to help also.

Dec 29, 2017 06:19 AM #6
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Michele,  That would be nice! There are a couple of credit unions that offer these type of loans, but rattes maybe higher than Tex Vet. 

Wishing You and the family a Happy New Year!

Dec 29, 2017 08:32 AM #7
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, joan, That would be great if Colorado also offers similar programs for our veterans. 

Have a Wonderful New Year!

Dec 29, 2017 08:33 AM #8
Rainmaker
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Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, - Your Coastal Bend Home Source

Great blog, Jerry.  As usual, you are very helpful and offering your services to the public like every good Realtor should.  Happy New Year and may lots of success come your way this year!

Dec 31, 2017 12:00 PM #9
Rainmaker
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Sondra Meyer:
Star View Real Estate - Colorado Springs, CO
See It. Experience It. Live It.

Jerry, 

You do a great job of looking out for the military members and veterans!  

I hope that you have a wonderful and prosperous 2018. 

Dec 31, 2017 05:34 PM #10
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Ricki Eichler McCallum Wishing you the same for 2018! Perhaps one day I will get to see you at one of our TAR conferences. 

Have a Blessed Week!

Jan 01, 2018 09:43 AM #11
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Sondra Meyer: I have a passion for all military veterans. My you and your family have a Blessed and Happy New Year too!

Jan 01, 2018 09:44 AM #12
Rainmaker
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Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Jerry Newman stopping by to wish you and yours a fabulous 2018!

Jan 02, 2018 07:17 PM #13
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Lisa Von Domek Wishing You the Same! May you be Blessed beyond your imagination in 2018!

Jan 03, 2018 07:18 AM #14
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I hear it's your birthday, hope it's a very happy one.

Jan 05, 2018 03:02 PM #15
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