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Whether you need to finance a new home or refinance an existing home loan, we're here to help. FirstLight appreciates your business, and we are prepared to make your home loan experience rewarding.

VA Home Loans***

We are dedicated to helping service men and women reach homeownership goals. The VA home loan program makes owning a home possible for military members by allowing eligible veterans and active-duty military personnel to finance 100% of a home's value with zero money down. VA loans offer flexible financing options, with various fixed-rate loans available.

VA Loan Highlights

• Provides financing for qualified veterans, active-duty personnel, reservists, and eligible family members
• No down payment is required (up to $647,200* limit)
• Up to a 4% seller concession is allowed to assist with closing costs.
• We can assist you with obtaining the required Certificate of Eligibility.

Texas Vet Home Loans***

If you're a veteran living in Texas, you may be eligible to purchase a home or permanently finance a primary residence with a Texas Vet loan. This competitive fixed-rate home loan is available in 15- or 30-year terms and can be used for financing up to $647,200*. It can also be used in conjunction with an FHA, VA, or traditional loan.

The opportunity is available to any veteran*** whose service began after September 16, 1940. In addition to active Vets and those who have previously served, the Texas Vet loan program is available to surviving un-remarried spouses of eligible Texas veterans who are missing in action, were killed in action, or died as a result of service-related issues.

The Texas Veterans Housing Assistance Program (VHAP) is available to qualified veterans residing and purchasing a home in Texas, regardless of where they were born. Plus, the program can be applied every time you buy a primary residence in Texas, as long as only one VHAP loan is open at a time.

Texas Vet Loan Highlights

• No down payment is required on the purchase of your home
• No private mortgage insurance
• Minimal closing costs
• Highly competitive interest rates are offered, often lowering monthly payments and potentially saving thousands in interest over the life of the loan.
• Qualified veterans with a 30% service-connected disability are eligible for an interest rate discount of 0.5%
• Any activated National Guard or Reservist with an existing VHAP loan may be eligible to receive 0% interest from the Texas Veterans Land Board during their time on duty plus three months immediately following.

FHA Home Loans

FHA home loans are insured by the Federal Housing Administration (FHA) and provide various benefits for home buyers, especially first-time buyers, buyers without large down payments, or those using gifts for down payments and closing costs. A variety of fixed-rate and adjustable-rate options are available, so you can select the type of FHA loan that will meet your unique needs.

FHA Loan Highlights

• FHA loans may be easier to qualify for than a traditional mortgage loan
• FHA loans can be more lenient than traditional mortgage loans, with lower credit scores, lower down payment requirements, and lower income requirements.
• A seller may contribute up to 6% of the sales price to assist with closing costs. With as little as a 3.5% down payment (96.5% LTV) you may qualify to purchase a home.
• A borrower may receive gift funds from an immediate family member or fiancée to assist with the purchase.

Traditional Home Loans

Traditional home loans are not attained under a government program, and we have several fixed-rate options available.

Traditional Home Loan Highlights

• Flexible loan terms
• Down payments starting at 5% are available
• Up to $647,200* loan amount
• No mortgage insurance with a 20% down payment or 78% LTV (Loan to Value)

A borrower may receive gift funds from an immediate family member or fiancée to assist with the purchase.

Jumbo Home Loans

A jumbo loan may be called for when you need a loan amount higher than the traditional home loan limits. We will help you choose the ideal jumbo loan for your unique situation with multiple fixed-rate options.

Jumbo Loan Highlights

• LTV (Loan to Value) up to 80%
• More than $647,200* loan amount
• Loan amounts up to $3 million. Multiple loan options are available.

*Fannie Mae conforming loan limit as of 1/1/2022
**Maximum loan amounts are state and credit score specific contact us for details
***Dishonorable discharged vets are not eligible for Texas Veterans Housing Assistance Program (VHAP) or VA financing.

Disclosure: All loans are subject to credit qualification and approval. Mortgage loans are available only on properties located in Texas and New Mexico. Certain fees and conditions apply. Membership eligibility requirements apply. Equal Housing Lender.