VA, Texas Vet, FHA

Whether you need to finance a new home or refinance an existing home loan, we're here to help.

FirstLight appreciates your business and we are prepared to make your home loan experience a rewarding one.

VA Home Loans

We are 100% dedicated to helping service men and women reach their goals of homeownership. For military members, the VA home loan program makes owning a home possible by allowing eligible veterans and active-duty military personnel to finance 100% of a home’s value with zero money down. VA loans offer flexible financing options, with a variety of fixed-rate and adjustable-rate loans available.

VA Loan Highlights

  •     Guaranteed by the Department of Veteran Affairs
  •     Provides financing for qualified veterans, active-duty personnel, reservists,  and eligible family members
  •     No down payment required (up to conforming limit)
  •     4% seller concession allowed (i.e., VA funding fee, taxes and insurance,  gifts, etc.)
  •     No limit on seller contributions toward closing cost

We can assist you with obtaining the required Certificate of Eligibility to help ensure a timely closing and answer any questions you may have about the home-buying process.

If you're a military veteran living in Texas, you may qualify for a Texas Vet home loan.

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Texas Vet Home Loans

If you're a veteran living in Texas, you may be eligible to purchase a home or permanently finance a primary residence with a Texas Vet loan. This competitive fixed-rate home loan is available in 15- or 30-year terms and can be used for financing up to $417,000. It can also be used in conjunction with an FHA, VA, or traditional loan.

The opportunity is available to any veteran* whose service began after September 16, 1940. In addition to active Vets and those who have previously served, the Texas Vet loan program is available to surviving un-remarried spouses of eligible Texas veterans who are missing in action (MIA), were killed in action (KIA), or died as a result of service-related issues.

The VHAP is available to qualified veterans residing and purchasing a home in Texas, regardless of where they were born. Plus, the program can be applied every time you purchase a primary residence in Texas, as long as only one VHAP loan is open at a time.

Texas Vet Loan Highlights

  • Lender fees are controlled
  • Highly competitive interest rates are offered, often lowering monthly payments and potentially saving thousands in interest over the life of the loan
  • Qualified veterans with a 30% service-connected disability are eligible for an interest rate discount of 0.5%
  • Any activated National Guard or Reservist with an existing VHAP loan may be eligible to receive 0% interest from the Texas Veterans Land Board during their time on duty plus three months immediately following.

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 *Dishonorable discharged vets are not eligible for VHAP financing.

FHA Home Loans

FHA home loans are insured by the Federal Housing Administration (FHA) and provide a variety of benefits for home buyers, especially first-time buyers, buyers without large down payments, or those using gifts for down payments and closing costs. A variety of fixed-rate and adjustable-rate options are available, so you can select the type of FHA loan that will meet your unique needs.

FHA Loan Highlights

  •     Up to 6% seller concessions
  •     3.5% down payment (96.5% LTV)
  •     Gift funds or assistance allowed
  •     Co-applicants may help you qualify, even if they will not be living in the home

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