VA Loan Calculator for Texas - 2021
According
to the U.S. Census Bureau, there are 1.6 million veterans in Texas
as of 2012. Texas vets can use our VA home loan calculator to
quickly and easily calculate a VA loan payment with taxes and
insurance, including jumbo VA home loans. The calculator will also
estimate your VA funding fee. The VA funding fee is a fee paid to
the Veteran's Administration to help support the VA home loan
program. The fee is determined by the downpayment and if the vet has previously used
his or her eligibility. Last updated 1/2021
Learn more about Veteran Loans.
Blue Water Navy Vietnam Veterans Act of 2019
Veterans and active-duty service members will be able to borrow
more money for the purchase of a home and loan refinance; but
veterans will be required to pay higher funding fees beginning in
2020.
The changes are due to the Blue Water Navy Vietnam Veterans Act of
2019, which became effective Jan. 1, 2020. The new law eliminates
the VA loan limits for eligible borrowers with full entitlement.
Unfortunately, the new law also increases the VA funding fee for
most veterans. Starting in 2020, the new funding fees will be the
same for the main branches, National Guard, and reservists.
Presently, Reserve and National Guard members pay slightly higher
fees. Veterans receiving VA compensation for a service-connected
disability, or purple heart recipients are exempt from paying the
funding fee
Q. What is a VA loan?
A. The VA home loan is a zero down payment mortgage created
for veterans who meet the qualifying guidelines. Recipients other
than veterans may also be eligible for a VA home loan.
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