VA Approved Lender | Grove Mortgage LLC | NMLS License # 396191
Providing VA home mortgage loans in San Antonio and throughout Texas.
210-656-1134

San Antonio VA Mortgage Loans Lender

What are VA Home Loans

Veterans and Active Military can qualify for a Texas VA home loan up to $424,100 with $0 down payment and no PMI (private mortgage insurance)!

The minimum credit score for a VA Home loan is only 550.

VA Loans help Service Members, Veterans, and eligible surviving spouses become homeowners. The Veterans Administration (VA) guarantees a portion of the loan, enabling the lender to provide you with more favorable terms than most loans available. VA Home Loans are provided by private lenders, such as banks and mortgage companies and the VA does not lend money itself. The VA loan guaranty is the "insurance" that they provide the lender.

If you qualify under the guidelines, you can buy a home with a lower interest rate than conventional fixed-rate mortgage. Learn about difference between a VA Loan and a Texas Vet VA Loan.

Purchase a home with no money out of pocket.

Why choose
Grove Mortgage for your VA home loan?

Over the last 8 years VA Loans have accounted for 95% of our business, choose a VA loan expert!

We are located in San Antonio, Texas and are a VA Approved lender and Licensed Mortgage Broker and have been specializing in VA Loans throughout Texas since 2002.

We can help you accomplish your home purchase with expert service, fast closing and very low fees.

What Are the Benefits of a San Antonio VA Loan?

  • 100% financing available with No down payment required as long as the sales price doesn't exceed the appraised value
  • No PMI (private mortgage insurance premiums)
  • VA Appraisal makes sure the property is worth what you’re paying for it and also ensures the property is Safe, Sound and Sanitary
  • Home Retention Help in the event of a financial difficulties down the road
  • State and Local Benefits – Possible Tax benefits for Disabled Veterans
  • Closing costs may be paid by the seller (up to 4% plus the Owners title policy)
  • Buyer informed of reasonable value from the appraisal of the property.
  • VA Appraisal makes sure the property is worth what your paying for it and also ensures the property is Safe, Sound and Sanitary
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5% and exemption for veterans receiving VA compensation).
  • You don't have to be a first-time home buyer
  • Competitive Interest Rates
  • VA rules limit the amount you can be charged for closing costs
  • Ability to finance the VA funding fee and exemption for veterans receiving VA compensation
  • VA-backed loans are assumable, as long as the person assuming the loan qualifies
  • Right to prepay without penalty
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder

VA Loan home purchase options

VA home loans can be used to:

  • Buy a home, a condominium unit in a VA-approved project
  • Build a home
  • Simultaneously purchase and improve a home
  • Buy a manufactured home

VA home loans are Assumable under certain conditions

Which means if you decide to sell your property, the buyer may take over your mortgage with the same interest rate and payments -- a good selling point. The buyer who assumes the loan does not have to be a veteran. The VA loan often is a very cost-effective alternative for veterans or current military personnel.

Loan Limits and Ratios

Their are limits on the amount you can finance. But there is greater flexibility for the payment of closing costs: the seller is allowed to pay all discount points and other closing costs.

Currently the maximum loan amount is $424,100 in Texas without it being a Jumbo VA Loan.

Jumbo VA Home Loans

Jumbo VA Loans also know as High Balance VA Loan, and are for Texas Veterans who are wanting to use their VA benefit purchase a primary residence that exceeds the $424,100 conforming loan limit. We offer excellent interest rates on VA Jumbo Loans in Texas.

Down payment requirements of a Texas Jumbo VA Loan.

The differences with a regular VA Loan and the VA Jumbo loan would be the amount of down payment required. The VA has $0 down up to $424,100 and for any amount over the $424,100 up to the loan amount, the Veteran would be required to put 25% of that amount down at closing.

For example- Purchasing a $500,000 home:

No money down on the first $424,100, and only 25% of the difference between $424,100 and the $500,000 (which is $75,900). So take 25% of the $75,900, which is $18,975.

In this example, Texas Veterans would have to only put a down $18,975 which is only 3.795% at closing, which is much less than regular Conventional Jumbo Loans.

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VA Loan Certificate of Eligibility (COE) and The VA Funding Fee

The Veterans COE and VA Funding Fee are two items that are very important in the home buying process
because they let the lender know the amount of VA Eligibility you have and if do qualify for
Exemption from the Funding Fee due to a service-connected disability.

VA Loan Certificate of Eligibility (COE)

The VA Certificate of Eligibility from the VA is one of the most important required document that will be needed for a new VA loan or a VA Refinancing loan.

The VA Certificate of Eligibility (COE), is a document from the VA that provides the Veterans available eligibility amount for the VA Loan Program and if the Veteran is exempt from the VA Funding Fee.

You May also be determined eligible for a VA Loan if you:

  • Are an un-remarried spouse of a veteran who died while in service or from a service connected disability
  • Are a spouse of a service person missing in action or a prisoner of war

How do I get a my Certificate of Eligibility?

We can obtain a Certificate of Eligibility for you by using ACE (Automated Certificate of Eligibility). ACE is a web-based application that is able to determine the Veterans eligibility and issue an online Certificate of Eligibility in a matter of seconds

VA Funding Fee for Texas VA Loans

Generally, all Veterans using the VA Home Loan Guaranty benefit must pay a funding fee. This reduces the loan's cost to taxpayers considering that a VA loan requires no down payment and has no monthly mortgage insurance. The funding fee is a percentage of the loan amount which varies based on the type of loan and your military category, if you are a first-time or subsequent loan user, and whether you make a down payment. You have the option to finance the VA funding fee or pay it in cash, but the funding fee must be paid at closing time.

You do not have to pay the fee if you are a:

  • Veteran receiving VA compensation for a service-connected disability, OR
  • Veteran who would be entitled to receive compensation for a service-connected disability if you did not receive retirement or active duty pay, OR
  • Surviving spouse of a Veteran who died in service or from a service-connected disability

Visit the VA Funding Fee page to learn more.

Great loan options for Veterans

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Contact your San Antonio, Texas area VA home home loan specialist at
210-656-1134 or
Apply Online Now!

Find out how much you qualify for with No Cost, No Credit Check, and No Obligation!

We are located in San Antonio, Texas and are Licensed Mortgage Broker and a VA Approved lender and proudly boasts an A+ rating from the Better Business Bureau. Better Business Bureau

San Antonio Home Mortgage Loans