Grove Mortgage Home Loans in San Antonio, Texas
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Disabled Veterans benefits

Benefits for VA Loans and Texas Vet Mortgages

There are a number of benefits for Veterans with disability ratings from VA from the Veterans Affairs, Texas Veterans Land Board and the State of Texas.

VA Loan disabled Veteran benefits in Texas

Veterans purchasing or refinancing with with a VA loan that are guaranteed by the U.S. Department of Veterans Affairs that are 10% or greater service connected disability rating are exempt from the VA funding fee. Learn more information about the VA Funding Fee here.

Texas Vet Loan disabled Veteran benefits

Veterans with disabilities may qualify for an interest rate reduction on their VLB Home or Home Improvement Loans.

The veteran must have a compensable service-connected disability of 30 percent (30%) or greater as verified by an Award Letter from the Department of Veterans Affairs (VA). The reduction is a full 50 basis points, or one-half of one percent on the available VLB loan interest rate.

Property Tax Exemption Benefits for disabled Veterans in Texas

A disabled veteran in Texas may receive a property tax exemption of up to $12,000 on their primary residence, depending on the disability rating. A full property tax exemption is available for veterans who are 100 percent disabled as a result of service.

An exemption of up to: For a disability rating of: But less than:
$5,000 of the assessed value 10% 30%
$7,500 of the assessed value 30% 50%
$10,000 of the assessed value 50% 70%
$12,000 of the assessed value 70% and over  

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Every client's situation is different and handled with a unique, personalized approach. As a San Antonio, Texas based Mortgage Broker we focus on getting the right loan at the right rate for our client and it allows us to secure often hard-to-find financing.

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Grove Mortgage Home Loans of San Antonio