ValueBank Texas offers a variety of loan programs to meet your needs. Please call one of our loan representatives for further information.
Conventional Loan Product
Mortgage Loan Limits and Loan to Value (LTV) Limits:
- Purchase Refinance and Home Equity
- Maximum Loan Limit $417,000
- Minimum Loan Amount $50,000
- Down payment as little as 3% of Sales Price
- Loan Terms 10,15, 20, 25, 30 years
- LTV over 80% requires Mortgage Insurance
- Primary Residence, Secondary Residence or Investment Property
- Cash Out Refinance Up to 80% LTV
- Minimum FICO score 620
FHA Loan Program
- Purchase and Refinance
- Down payment as low as 3.5% of Sales Price
- Gift allowed for down payment
- Seller Contribution up to 6%
- Minimum FICO score 640
VA Loan Program
- Purchase and Refinance
- Borrower must be an Eligible Veteran or Unmarried Surviving Spouse of an Eligible Veteran.
- Primary Residence or Owner Occupied.
- Terms: 30 and 15 year
- Max DTI 41%
- Minimum FICO score 620
- No Down payment required (100% financing of sales price)
- Seller contributions up to 4%
- Mortgage Insurance/Funding Fee Required