VA Home Loans in Austin, Texas
Thank you for your service. VA loans offer zero down payment, no mortgage insurance, and the lowest interest rates available. Austin's military community deserves the best, and we deliver.
What Is a VA Loan?
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs, available exclusively to active-duty service members, veterans, and eligible surviving spouses. VA loans are widely considered the best mortgage program in the country, offering benefits that no other loan type can match: zero down payment, no private mortgage insurance, no prepayment penalties, and consistently lower interest rates than conventional or FHA financing.
Austin is home to a growing military-connected community, with proximity to Fort Cavazos (formerly Fort Hood) and numerous veteran-owned businesses. Whether you are transitioning out of the military, relocating to Austin for a new career, or an established veteran looking to upgrade, a VA loan gives you maximum buying power with minimum out-of-pocket costs.
VA Loan Advantages at a Glance
- Zero down payment — 100% financing on any home up to the appraised value
- No PMI — saves $150-400+/month compared to conventional loans with less than 20% down
- Lowest rates — VA rates are typically 0.25-0.50% lower than conventional rates
- No prepayment penalty — pay off or refinance your loan anytime
- Flexible credit — no minimum credit score required by the VA (lenders set their own, typically 580-620)
- Reusable benefit — use your VA loan benefit multiple times throughout your life
- Assumable — a future buyer can take over your VA loan at your locked-in rate
Who Is Eligible for a VA Loan?
Active Duty Service Members
Currently serving with at least 90 consecutive days of active duty. All branches of the U.S. military are eligible including Army, Navy, Air Force, Marines, Coast Guard, and Space Force.
Veterans
Former service members who served the minimum active duty requirement and received anything other than a dishonorable discharge. Service during wartime requires 90 days; peacetime requires 181 days.
National Guard & Reserves
Members with 6 or more years of service in the Guard or Reserves, or 90 days of active duty under Title 10 orders. Eligibility has expanded significantly in recent years.
Surviving Spouses
Un-remarried surviving spouses of veterans who died in the line of duty, from a service-connected disability, or while on active duty. These spouses are also exempt from the VA funding fee.
VA Funding Fee Explained
The VA funding fee is a one-time charge that helps sustain the VA loan program. It replaces what would otherwise be monthly mortgage insurance. The fee varies based on your service type, down payment, and whether this is your first VA loan use:
| Scenario | First Use | Subsequent Use |
|---|---|---|
| 0% down | 2.15% | 3.3% |
| 5-9% down | 1.5% | 1.5% |
| 10%+ down | 1.25% | 1.25% |
Exempt from funding fee: Veterans with service-connected disabilities, Purple Heart recipients on active duty, and surviving spouses. The fee can be financed into the loan amount.
VA Loan FAQ
VA loan eligibility extends to active duty service members (after 90 consecutive days), veterans with honorable discharge, National Guard and Reserve members (after 6 years or 90 days active duty), and surviving spouses of service members who died in the line of duty. You need a Certificate of Eligibility (COE) from the VA, which we can obtain for you in minutes.
For veterans with full entitlement (first-time use or restored), there is no loan limit — you can borrow as much as a lender will approve with zero down. For veterans with reduced entitlement, the 2025 Travis County limit of $832,750 applies to the guaranteed portion.
The VA funding fee is a one-time fee of 2.15% for first-time use with zero down (lower with higher down payments). It can be financed into the loan. Veterans with service-connected disabilities and surviving spouses are exempt.
Yes, but the condo complex must be on the VA-approved list. Many Austin communities are already approved. If yours is not, we can help initiate the approval process, which typically takes 2-4 weeks.
Yes, if you have remaining entitlement. This is common for service members who PCS and keep a previous home as a rental while purchasing a new primary residence. Contact us to check your remaining entitlement.
Explore Other Loan Programs
Helpful articles: First-Time Buyer's Guide · Mortgage Pre-Approval Guide · Closing Costs in Texas
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