Created Saturday, 26 July 2008 01:01
Veterans Land Board rates for homes goes up.
Texas Veterans Land Board (TVLB)
Weekly Rate Sheet (Effective July 25, 2008)
Base Rate for all housing loans: 6.00%
Base Rate applies to all loans with a term greater than 15 years. The TVLB mortgage rates are effective for all rate lock applications received by CitiMortgage, Inc. after July 25, 2008 5:00 p.m. CST.
Available Discounts to Base Rate*
Discount for loans with a term of 15 years or less: -.25%
Qualified Veterans with Disabilities Program Discount: -.35%
Qualified Service Era Discount (Restricted Pool): -1.54%
*One or more of the above discounts may apply if qualifying criteria are met.
Note: All VLB mortgage rates and discounts are subject to change at any time. Also note that the Base Rate and Qualified Service Era Discount (Restricted Pool) are subject to adjustment on the first business day of each week.