Wednesday, October 10, 2007

Texas Vet Notes

Are you a military veteran? Are you a resident of Texas, or active duty military serving here on orders? If so, you need to check out the services offered to you through the Texas Veterans programs. www.TexasVeterans.com has lots of information, and two of the most popular programs are the Land Auction and the guaranteed loan rate program.
The semi-annual land auction allows anyone to bid on foreclosed land parcels through a closed bid auction. Land that is not sold through the auction is available through real estate agents (us!) the rest of the year.
The loan guarantee program allows qualified veterans that can obtain a VA or conventional loan to earn a guaranteed interest rate. The rates are set weekly and are traditionally about .25 - .50 percent lower than the bank rates, and they are guaranteed! In addition, qualified veterans that can finance for 15 years or less, or are disabled 50% or more, or fall into the Viet Nam Service era, all can qualify for rates that are even lower!
Congratulations to our Veterans and thanks to those that continue to serve in these dangerous times. If you decide you want more information or if you want to particiapte in these programs, let us know. Tim is fully educated on all aspects and Nancy & Amanda have taken the loan classes and are ready to assist with your home purchase.