VA Loan Eligibility in Lewisville

Veterans, active-duty service members, and surviving spouses must meet one or more of the following criteria to qualify for a VA loan in Lewisville:

• Active Duty Service Members: At least 90 consecutive days of active service during wartime or 181 days during peacetime.
• Veterans: A minimum of 90 days of active duty during wartime or 181 days during peacetime.
• National Guard and Reservists: At least six years of service or 90 days of active service.
• Surviving Spouses: Eligible if the veteran died in service or from a service-related disability, and the spouse has not remarried.

How to Obtain Your Certificate of Eligibility (COE)

The Certificate of Eligibility (COE) is the first step in securing a VA loan. Veterans can obtain their COE in one of the following ways:

• Online Application: Apply through the VA’s eBenefits portal for a fast and convenient process.
• Mail-in Application: Submit VA Form 26-1880 by mail to your nearest regional loan center.
• Lender Assistance: Many lenders can help veterans obtain their COE during the loan application process.

Key Benefits of VA Loans in Lewisville

VA loans offer veterans several unique advantages, making homeownership more accessible and affordable:

• No Down Payment: VA loans allow eligible veterans to finance 100% of their home’s value, eliminating the need for a down payment.
• No Private Mortgage Insurance (PMI): VA loans do not require PMI, saving veterans additional monthly costs.
• Lower Interest Rates: VA loans typically offer lower interest rates than conventional loans.
• Flexible Credit Requirements: Veterans with lower credit scores can still qualify, thanks to the VA’s more lenient credit standards.
• Limits on Closing Costs: The VA restricts the amount veterans can be charged for closing costs, enhancing affordability.
• No Prepayment Penalty: VA loans allow veterans to pay off their mortgage early without penalties.
• Assumable Loans: VA loans are assumable, meaning they can be transferred to another eligible buyer, making the home easier to sell.

Comparison of Housing Prices in Lewisville vs. Nearby Cities

Best Neighborhoods for Veterans in Lewisville

Lewisville offers several veteran-friendly neighborhoods that provide affordable housing, excellent schools, and easy access to local amenities:

• Castle Hills: A master-planned community with a variety of housing options, parks, and shopping centers.
  Median Home Price: $475,000

• Vista Ridge Estates: Known for its proximity to great schools, parks, and shopping, this neighborhood is ideal for families.
  Median Home Price: $450,000

• The Highlands: Offers quiet streets, spacious homes, and access to nearby parks and recreational facilities.
  Median Home Price: $420,000

• Valley Vista: A family-friendly neighborhood with affordable homes and excellent schools.
  Median Home Price: $400,000

• Timber Creek: Known for its tree-lined streets and close-knit community, Timber Creek is a great option for veterans seeking a peaceful environment.
  Median Home Price: $435,000

Local Veteran Assistance Programs in Lewisville

• Denton County Veterans Services
  Provides assistance with VA benefits, claims processing, and access to local resources for veterans.
  Contact: (940) 349-2950
  Website: Denton County Veterans Services

• Texas Veterans Land Board (TVLB) Housing Assistance Program
  Offers low-interest loans specifically for Texas veterans to purchase homes and land.
  Contact: (800) 252-8387
  Website: Texas Veterans Land Board

• Lewisville Housing Assistance Program
  Assists veterans and low-income homebuyers with down payment and closing cost support.
  Contact: (972) 219-3455
  Website: Lewisville Housing Services

Employment and Career Resources for Veterans

• North Central Texas College Veterans Services
  Provides career guidance, job placement, and academic counseling for veterans.
  Contact: (940) 668-7731
  Website: NCTC Veterans Services

• Texas Veterans Commission Employment Services
  Assists veterans with job searches, resume building, and career training.
  Contact: (512) 463-6564
  Website: Texas Veterans Commission

Healthcare and Mental Health Support for Veterans

• Denton VA Outpatient Clinic
  Offers primary care, mental health services, and other healthcare support for veterans in the region.
  Contact: (940) 891-6350
  Website: Denton VA Clinic

• Collin County Vet Center
  Provides counseling, mental health services, and family support for veterans and their families.
  Contact: (214) 361-5896
  Website: Collin County Vet Center

Conclusion

With its affordable housing, strong community, and extensive veteran resources, Lewisville, Texas, is a great place for veterans to settle and use their VA loan benefits. Veterans can find family-friendly neighborhoods, excellent schools, and plenty of amenities to suit their lifestyle. Whether you’re looking for a new home or local support, Lewisville offers everything veterans need to thrive.