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VLB Home Loan FAQ

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Q. Is this the same as a VA loan?
A. No, the VA is a federal program and the VLB is a state program. You are still eligible to use the VLB even if you have previously had a VA loan.

Q. What’s the largest amount a Texas veteran can get through the VLB Home Loan Program?
A. The VLB can finance home loans of up to $417,000 for eligible Texas veterans. There is no maximum sales price with the Veterans Housing Assistance Program, however the VLB can only loan up to $417,000 toward the purchase.

Q. Can a veteran refinance through the VLB Home Loan Program?
A. No.  The VLB Home Loan may not be used for refinancing. If you have an existing loan on your home, the Veterans Housing Assistance Program cannot be used to lower your interest rate, nor can the VHAP be used as a down payment on your home. It can only be used to obtain a purchase money loan with a first lien on your primary residence.

Q. Can a veteran have more than one VLB loan at a time?
A. Yes. It’s possible for a veteran to have one active loan in each program – land, home and home improvement – at the same time.

Q. How many VLB loans can a veteran receive in his or her lifetime?
A. Once a veteran, or his or her successor, has successfully paid off a VLB home loan, he or she may get another VLB home loan. The same applies to our land and home improvement loans.

Q. What Is a Reverse Mortgage?
A. A reverse mortgage enables older homeowners (age 62 and older) to borrow against the equity in their homes without having to sell the home, give up title, or take on a new monthly mortgage payment.  The reverse mortgage is aptly named because the payment stream is “reversed.”  Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to you. The Texas Legislature authorized reverse mortgage lending in 1999.

Links to Additional Resources


VLB Help Line
1.800.252.VETS (8387)
VLB Help Line