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We specialize in serving active duty and veteran military personnel across the state of Katy. That’s our focus and our passion, so we understand vets and your unique needs when obtaining a Katy VA Loan. There is nothing that is more satisfying to us then giving back to Veterans by helping you realize the dream of home ownership.

Obtaining a Katy VA Loan doesn’t have to be complicated or confusing, and that’s why we’re here, to help guide you through the process and work toward a smooth and on-time closing. You can find many resources on this website, or simply give us a call, we would be honored to speak with you and answer your questions!

Katy VA Loan Rates

Because of our focus on helping Veterans, we have access to two unique programs to help you save money on your home loan. The first program is called Homes for Heroes, which will enable you to save at least $500 off your closing costs. In addition, we can connect you with a Homes for Heroes real estate agent for even more savings.

Most Veterans can save even more through the Katy Home Buyer Tax Credit. The tax credit is a dollar-for-dollar reduction of your tax liability each year for the life of your VA mortgage. The average savings, as a monthly average, is over $100/month off your mortgage interest! Most lenders don’t have access to this program, and we are proud to be able to offer this to our Veteran home buyers.

The Katy VA Loan remains one of the best loan programs available, if not THE best. With 100% financing still available (no down payment), and no monthly mortgage insurance, you will obtain the lowest possible payment available. What will your payment be? Just fill out the quick quote form on the right side of this page for a fast, no obligation rate quote.

Katy VA Home Purchase Loans

Whether you are trying to lower your rate and payment or you would like to pull cash out to pay off other bills, a Katy VA Refinance Loan can help! VA allows you to borrow up to 100% of your home’s value on a refinance. This is unprecedented in the mortgage industry. Most other programs limit you to 85% or 90% of your home value when pulling cash out, and penalize you through a higher rate if you borrow more than 80% of the value. Not so with VA loans.

If you have an existing Katy VA Loan, you can quickly and easily roll it over into a new VA loan with a lower rate and payment with the Katy VA IRRRL Refinance program. With low or no fees, this is the best program going for Veterans to lower their rate and payment. Simply fill out the no obligation rate quote form on the right side of this page and we will get you a fast estimate, or we are always available to serve you in the office at (281) 712-6410.

There are many resources on this website to help you understand how to qualify for your VA loan. One of the first steps is to obtain your Certificate of Eligibility. We will also help you understand income and employment standards, as well as what kind of credit history and rating you will need in order to qualify.

We would be honored to help you….you have earned the right to use your Katy VA Loan benefits…please give us the chance to help you!

A Few Areas We Serve:

Houston VA Loan | Katy Vet Loans | Cypress Veteran Loans

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Credit Requirements

VA Credit Requirements are many times misunderstood, mainly because there are essentially two sets of VA guidelines. There are the guidelines that VA publishes, which are the “official” guidelines, but then there are the lender’s guidelines.

The difference is that all lenders have “overlays,” or additional guidelines above and beyond what VA requires. For example, VA guidelines will state that VA IRRRL refinances do not require and appraisal, but in reality, most lenders do require some form of an appraisal. VA will also state that there is no minimum credit score on Katy VA Loans, but most lenders have a 620 minimum credit score.

Here is a summary of some of the basic credit requirements for Katy VA Loans. If you need additional help, we would be honored to give you a no obligation consultation to help you understand if you qualify for a VA loan.

For most VA programs, the minimum credit score is 620. 620 is a slightly below average score, so it does allow some flexibility if you have been late on some payments of have a few collections. However, with a higher credit score, you will be able to obtain a lower interest rates. If you are monitoring your own credit score, please note that a consumer credit score model is different from a lender model, so you will likely pull a higher score than your lender.

If you have had a bankruptcy in your past, you will have to wait for 2 years after discharge (not filing), on a Chapter 7 bankruptcy, and 2 years after filing on a Chapter 13. If you had a mortgage in your bankruptcy, it does count as a foreclosure.

You must wait for 2 years after a foreclosure to be eligible for a Katy VA Loan. The 2 year period is measured from the Sheriff Sale date, which is the date that the bank sold the home to someone and got it off their books.

Short Sales follow the same rules as foreclosures, and you must wait for 2 years after the sale of the home. The exception is if you were on time at the time of the short sale, in which case you may be eligible to purchase a home immediately after the short sale.

Judgments and Tax Liens must either be paid off, or you must be in a payment plan and be able to provide proof that you have made the past 12 consecutive payments on time. If you have a Federal Tax Lien, you may not be able to qualify until it is paid in full.

Medical collections generally do not have to paid off to qualify, but you will have to provide an explanation of the situation. Non-medical collections in some cases will have to be paid off in order to qualify. The general rule is that any non-medical collections over $1000 will have to be paid.

We would be happy to take a look at your credit and advise you as to whether you can qualify to purchase a home or refinance. We will provide you a free, professional copy of your credit report, and will give you honest advice and straight answers. If you don’t qualify now, we will give you tips on how to improve your credit. Give us a call today!

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