Our rates are low, our application is quick and easy! We can get you clear to close in as little as 10 days!
NMLS ID # NMLS # 228246
William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.
Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.
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VA Loans in Texas: Benefits, Myths & How to Qualify 🏠
🪖 Texas Veterans: Unlock Your VA Loan Benefits 💰
Title: VA Loans in Texas: Benefits, Myths, and How to Qualify
Audience: Veterans, active-duty service members, real estate agents
If you're a veteran, active-duty service member, or surviving spouse looking to buy a home in Texas, VA loans offer one of the most powerful tools in home financing—zero down payment, no PMI, and competitive interest rates.
But despite their value, VA loans are surrounded by confusion. In this post, we’ll bust some of the most common myths, explain the true benefits, and help you understand how to qualify in Texas.
1. $0 Down Payment – No need to save 20%—this opens doors faster.
2. No Private Mortgage Insurance (PMI) – Unlike FHA or conventional loans.
3. Competitive Interest Rates – Backed by the VA, lenders offer better terms.
4. Flexible Credit Guidelines – Easier for vets with imperfect credit histories.
5. Texas-Specific Perks – Property tax exemptions and Texas Veterans Land Board (VLB) programs.
· Myth 1: “Sellers hate VA loans.”
👉 Reality: VA loans often close just as fast as conventional loans—with the right lender.
· Myth 2: “You can only use a VA loan once.”
👉 Reality: You can reuse your VA loan benefit multiple times.
· Myth 3: “VA loans are only for first-time buyers.”
👉 Reality: They’re for any qualified veteran or eligible borrower.
· Must have sufficient service history (varies by era and duty status).
· Obtain a Certificate of Eligibility (COE)—your lender can help.
· Meet lender credit and income requirements.
· Use the home as your primary residence.
Working with a local mortgage broker who understands VA loan nuances can make the process smoother and faster. If you’re buying in Texas, I’m here to help.
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© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy
Copyright ©2021 | Mortgage Viking Team
Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | Medallion Funds
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014
Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/
Copyright ©2021 | Mortgage Viking Team Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014 https://medallionfunds.com/bill-rapp/
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