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.
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.
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.
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|
|P & I Payment:|
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