Maximum loan of $25,000 for up to 20 years on a fixed-rate note. For loans of $10,000 or less, the maximum term of the loan will be 10 years. The VLB must be in a first or second lien position. The maximum loan is $25,000.
||Fixed-rate, FHA insured loan.|
|Loan Term:||20 years|
|Homebuyer Counseling /
|Owner Occupancy Required:||Yes|
|Other Program Comments:||All property improvements should be completed within six months from the date of disbursal of loan proceeds. The Home Improvement Program cannot be used for refinancing. A complete listing of approved lenders, searchable by the county served, is available at http://www.glo.texas.gov/cf/vlb-lenders/VLBVetLenderSearch.html.|