Using Veteran Home Loans in El Paso
Most homebuyers have two or three loan options to choose from. As a military member or veteran, you have access to other programs designed to reward your service and make homeownership more attainable. The challenge is that nobody hands you a clear guide to all of them. That’s where Gustavo Aguilar comes in.
With years of experience helping active duty service members, veterans, and military families buy homes in El Paso, Gustavo knows these programs inside and out. He’ll also make sure you walk into the process knowing exactly which loan is the right fit for your situation.
Don’t miss out on low-interest loans that are available to you! Call (915) 373-0943 to schedule a free consultation and get started.
VA Purchase Loans
The VA home loan is the most powerful mortgage benefit available to eligible service members, veterans, and surviving spouses. Here’s what makes it exceptional:
- No down payment required in most cases
- No private mortgage insurance (PMI)
- Competitive interest rates backed by the U.S. Department of Veterans Affairs
- Flexible credit guidelines compared to conventional loans
- Limits on closing costs the lender can charge you
- No prepayment penalty if you pay off your loan early
To use a VA loan, you’ll need a Certificate of Eligibility (COE) confirming your service history. Gustavo works closely with VA-experienced lenders who can help you obtain your COE quickly and get pre-approved so you’re ready to make an offer the moment you find the right home.
Texas Veterans Land Board (VLB) Home Loan
Many Texas veterans are unaware that the Texas Veterans Land Board home loan even exists. It offers a dedicated home loan program for Texas residents who have served, and it’s available on top of your VA loan benefit! Key features of the VLB Home Loan include:
- Low fixed-interest rates that are often below conventional market rates
- Low or no down payment options available
- Up to $832,750 in financing for 15, 20, 25, or 30-year terms
- Veterans with a VA service-connected disability rating of 30% or higher qualify for a discounted interest rate
Of course, this loan must be used for a primary residence in Texas. To qualify, you must be a Texas resident who is at least 18 years old and meets one of these service criteria:
- Active duty service member
- Texas National Guard member
- Qualifying Reserve member
- Veteran with at least 90 days of active duty service and an honorable discharge
FHA Loans: When VA Doesn't Apply
FHA loans are government-backed, offering low down payments (as little as 3.5%) and more flexible qualifying criteria than conventional loans. They do require private mortgage insurance, but they can be a smart bridge when VA financing isn’t available. While VA loans are almost always the better deal for those who qualify, there are situations where an FHA loan makes more sense:
- You don't yet meet VA service requirements
- You're buying a second home or investment property
- Your VA entitlement is already tied up in another property
- The home you want doesn't meet VA property standards
Work with a Realtor Who Knows These Programs
Knowing which loan to use is only half the battle. The other half is finding a home that qualifies, structuring an offer that wins, and navigating the VA appraisal process without losing deals. That’s where having the right Realtor matters as much as having the right lender. Gustavo Aguilar brings:
- Hands-on experience guiding military buyers through VA purchases and Texas VLB loans
- Established relationships with VA-experienced lenders in the El Paso area
- Honest, straightforward advice with no pressure or upselling
- Availability and responsiveness that works on military timelines
- Deep knowledge of El Paso neighborhoods and Fort Bliss
Find Out Which Loan Is Right for You
You don’t need to sort through all of this alone. Gustavo Aguilar offers free consultations for military and veteran homebuyers. There’s no pressure, just an honest conversation about your situation and your options. Call (915) 373-0943 anytime, or contact us online to schedule your consultation. El Paso’s military community deserves a real estate agent who takes their service seriously. Gustavo is proud to be that agent.