Buying an Austin Home With a VA Loan

Buying With Your VA Benefit

A VA purchase loan lets eligible veterans, active-duty service members, Guard and Reserve members and some surviving spouses buy a primary residence with no down payment when they have full entitlement. There’s no monthly mortgage insurance, and VA sets limits on certain closing costs you can be charged.

Who Benefits Most

• First-time buyers with limited savings; our first-time home buyer guidance covers the rest of the process.
• Repeat buyers with restored or remaining entitlement.
• Service members relocating to Central Texas.

Before you start, check

• Your eligibility on our VA loan eligibility requirements page.
• Self-employed? See self-employed mortgage options and how VA reads business income.
• Above conforming size? We’ll compare VA with a jumbo home loan.

Steps to Buying

1. Get your COE. We can usually request your Certificate of Eligibility online.
2. Pre-approval. We review credit, income, debts and VA residual income.
3. Find a home. Your agent writes the offer, often asking the seller to help with closing costs.
4. VA appraisal. A VA appraiser confirms value and checks minimum property requirements.
5. Close. We go over your Closing Disclosure with you before signing.

VA Purchase Questions

Buying in Austin With a VA Loan

In competitive Austin neighborhoods, a well-prepared VA offer with a solid pre-approval competes well. VA appraisers look for things like working utilities, safe stairs and peeling paint on older homes, so we help you spot potential repair items early. Your earnest money is credited back to you at closing.