How to Buy a Home with a VA-Backed Loan in North Texas

At OnDemand Realty, we specialize in helping North Texas veterans achieve homeownership using their VA home loan benefits. If you're a veteran, active-duty service member, or eligible spouse, a VA-backed loan can help you buy a home with little to no down payment. Here's a step-by-step guide to help you navigate the process.

Step 1: Apply for Your VA Certificate of Eligibility (COE)

To get started, you'll need a Certificate of Eligibility (COE) to prove you're qualified for a VA-backed loan.

➡️ Find out if you qualify
➡️ Apply for your COE online

Step 2: Review Your Finances

Before house hunting, evaluate your:

• Credit score

• Monthly income and expenses

• Down payment capability

• Closing costs and reserves

Use tools like the CFPB Mortgage Calculator to determine what you can afford.

📚 Learn More:

• VA Home Loan Limits

• VA Funding Fee and Closing Costs

• Homebuyer Tips from CFPB

Step 3: Choose a VA-Experienced Lender

You’ll need to work with a private lender—such as a bank, credit union, or mortgage company.

✅ Shop around for interest rates and terms
✅ Ask about VA loan origination fees (often 1%)
✅ Understand all lender fees and negotiate if possible

📚 Learn More:

• VA Funding Fee Details

Step 4: Work with a North Texas VA Realtor

Partner with an experienced VA-friendly North Texas Realtor like our team at OnDemand Realty. We'll help you:

• Search for VA-eligible properties

• Navigate offers and contingencies

• Understand contracts and disclosures

🔍 Tip: Always review the buyer-agent agreement thoroughly before signing.

Step 5: Start House Hunting

With pre-approval and a Realtor in place, it’s time to tour homes that fit your budget and needs. Consider factors such as:

• Commute times

• School ratings

• Neighborhood amenities

Use our North Texas home search tool to find your dream home today.

Step 6: Make an Offer

Once you’ve found a home:

• Your agent will draft a purchase agreement

• Be sure it includes the VA Escape Clause, which lets you walk away if the home doesn't appraise

• Include any contingencies (inspection, financing, etc.)

📺 Watch: Using Your VA Loan with a Realtor

Step 7: Home Inspection and VA Appraisal

Get a professional home inspection to identify potential issues, then schedule your VA appraisal to determine property value and verify it meets Minimum Property Requirements (MPRs).

If the appraisal is too low, you can:

1. Request a Reconsideration of Value (ROV)

2. Negotiate a lower purchase price

3. Pay the difference out-of-pocket

📺 Learn More:

• What Are VA MPRs?

• VA Appraisal vs. Home Inspection

Step 8: Review Final Loan Disclosures

Your lender must provide a Closing Disclosure at least 3 business days before closing. Review:

• Loan terms

• Interest rate

• Monthly payments

• Closing costs

Have additional documents ready if your lender requests them.

Step 9: Close on Your Home

Closing typically takes place at a title company, escrow office, or attorney's office in Texas. You’ll:

• Sign all documents

• Pay any closing costs

• Receive your keys

📚 Learn about the closing process (Fannie Mae)

Step 10: Move In!

Welcome home, hero! 🎉 After closing, you're ready to move in and begin the next chapter.

Looking for a trusted North Texas Realtor who puts veterans first?
👉 Contact OnDemand Realty or call us today to start your VA home loan journey with confidence.