First Light Federal Credit Union

Whether you need to finance a new home or refinance an existing home loan, we're here to help. And, to ensure the highest level of service to our members, FirstLight partnered with SWBC Mortgage Corporation, a well-established mortgage banking firm, to process and close home loans for our members. SWBC was selected due to their excellent reputation, their financial strength and stability, and their wide array of loan products which can satisfy the unique needs of every borrower.

FirstLight, along with SWBC, appreciate your business and 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.

 Apply Now! Free Consultation

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.

 Apply Now! Free Consultation

 *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

 Apply Now! Free Consultation