Texas Vet Program / How the Texas Vet Program Works

Mortgage and Lending with Directions Home Loan NMLS 221138

Call Daryl Mitchell at 210-326-5545


The Texas Veterans Land Board is authorized to provide below market interest rates to those who qualify as a Texas Veteran. You must first be able to demonstrate that you were in the service the minimum days required to satisfy guidelines. This is normally done by providing a copy of your DD 214 and in some cases proof of residency for the past twelve months. Your credit approval is determined by the everyday guidelines of a Conventional, FHA, or VA loan. For help in determining which loan type your Texas Vet loan would fall under, contact John Shellington for assistance or complete your Pre-Approval form located in this web site ( be sure to include in the questions & comment box that you are interested in a Texas Vet loan). Once the best loan type is known, I can provide you with an estimate of down payment( if any), closing costs, and pre-paid items. I'll be pleased to provide you with your Pre-Approval letter to present with your offer to purchase a home. With your home under contract, I can obtain a rate lock under the Texas Vet Home Loan Program. The interest rate you receive is governed by the base rate which changes weekly and any adjustments that may be made. Please review the section Low Rates for information about rate adjustments.  Daryl Mitchell and The Legacy Mutual Team will be pleased to assist you in determining your eligibility for this Low Interest Rate Program. I will help you in the completion of all required Texas Vet forms and submit them to the Texas Veterans Land Board to obtain your certification. There is no charge either from Milestone or the Texas Veterans Land Board for this service

Who Qualifies?

  • You must have served no fewer than 90 consecutive days on active duty unless discharged sooner for a service connected disability. Active duty is considered even if it was for training purposes in the Army, Air Force, Navy, Marines, Coast Guard or the United State Public Health Service or a reserve component of one of the listed branches. Texas National Guardsmen are eligible after completing all active duty training requirements as a condition of enlistment or appointment. The unmarried surviving spouse of a Texas Veteran who is missing in action, or who dies in the line of duty, or died from a service connected cause may be eligible.

  • You listed Texas as your home of record at the time of entry into the military or you must have been a legal resident of Texas for at least one day immediately prior to filing your application for a Texas Veterans Certificate. You must be a bona fide Texas resident at the time the application is made for your Certificate (living in Texas).

  • You have not been subject to a Dishonorable Discharge

  • If you are unable to find a copy of your discharge document, form DD 214, you can obtain one from the National Personnel Records Center. 

Low Rates

Interest rates on the Texas Veteran Home Loans are set weekly. If you have obtained your Texas Veterans Certificate and signed an earnest money contract to purchase a home, Daryl Mitchell and Legacy Mutual Mortgage can submit your transaction for the current available rate. The current available rate may be lowered further for the following reasons:

(Note that the availability and amount of these discounts are subject to change)

  • Qualified Veterans with Disabilities Program discount -.50%**
    This applies to veterans with a disability rated at 30% or greater
    by the U.S. Dept. of Veterans Affairs


Current Base Texas Vet Rate for week of 12/02/2011                 3.8%
You are eligible under the vets w/disabilities program                          - .50%
                                                                      Your interest rate total 3.3%



Daryl Mitchell  Legacy Mutual Mortgage NMLS 221138


210-326-5545     dmitchell@legacymutual.com


2526 N Loop 1604 W Ste 150


San Antonio Tx 78248


Certain conditions and restrictions may apply call for more details.


Comments (2)

Nate Baldwin
American Fork, UT

I noticed your pretty focused on the veteran market so I thought I'd reach out. We're a mortgage branching company that specializes in the veteran market and we're the top VA lender since 2008 with scotsman's guide. We're looking to get a branch set up in texas - would you be interested in looking into getting a branch going?

Jan 06, 2012 09:38 AM
Nate Baldwin
American Fork, UT

and on a seperate note - i'm trying to figure out if it's worth it to keep my rainmaker subscription. Have you seen any leads coming in off of this site? You seem to be one that has been on here for a while.

Jan 06, 2012 09:42 AM