Purchasing a Home in North Texas with a TexVet Loan

Southlake, Texas has repeatedly been named one of the best places to live in the United States, and with close proximity to Fort Worth, residents are able to enjoy the comforts of suburban living while being part of a major metropolitan area. Fort Worth’s Naval Air Station is also close by which makes Southlake the first choice for many military families looking to buy a home.

For Texas veterans desiring to buy a home in Southlake and other North Texas communities, the state offers the Texas Veteran Home Loan program, a unique and highly beneficial home financing program designed to optimize a veteran’s home buying potential.

Why Choose a TexVet Loan?
The Texas Veteran Home Loan Program was established in 1983 by the Texas Veterans Land Bureau to allow veterans the opportunity to affordably achieve homeownership. Through the program, veterans may borrow up to $325,000 to purchase a home, and can do so without a down payment. Home prices in Southlake average just above $290,000 so with a TexVet loan veterans may finance the entire purchase of their home without having to worry about seeking additional funding. In addition to high loan limits and no down payment requirement, TexVet loans offer other benefits including:
• Below market interest rates
• Lenient eligibility requirements
• Flexible loan terms

Who Qualifies for a TexVet Loan?
With the exception of a few state specific requirements, the initial qualifications for a TexVet loan are very similar to a VA home loan and are determined by a veteran or active duty member’s duration of service. The initial qualification requirements that pertain only to the TexVet loan are as follows:
• Veterans must be Texas residents
• Veterans have to purchase a home in Texas
• The home being purchased must serve as the primary residence
• The home being purchased must be Energy Star certified if the home is new

What’s the Difference Between TexVet and VA Home Loans?
VA and TexVet home loans both provide veterans with the opportunity to purchase a home with zero money down, and allow them to acquire a low interest mortgage with flexible terms. Both programs strive to help veterans achieve homeownership, and generally have higher success rates than conventional lending programs. However, there are some key differences in each program which may make them more appealing to different borrowers. Such differences include:
• TexVet loans offer reduced interest rates to disabled veterans and surviving spouses
• VA Loans generally have higher loan limits and allow borrowers the chance to refinance

Veterans should contact an approved loan specialist for a consultation before applying to either program as a specialist will be able answer any additional questions and guide borrowers through the applications process. Potential borrowers should also note that most lenders will desire a mid-range credit score of at least 620 to secure financing, but even those with an imperfect credit history are still encouraged to apply.

“This post comes to you from James Kelley, an author of vabenefitblog.com and law school student at the University of Missouri.”  james@vabenefitblog.com,
www.vabenefitblog.com

A list of homes for sale in Southlake, Texas, MLS (as of 2/14/2011)

Southlake Home
180-Day Market Update – Southlake, TX Real Estate. As of this report, there are currently 261 homes listed as active in Southlake, Texas Multiple Listing Service (MLS).  That is 64 less homes available for sale in Southlake MLS compared to 180 days ago.

View an easy to read list of all homes currently available for sale in the Southlake, Texas, MLS (Multiple Listing Service) on our website, as of 2/14/2011. Click here to view a complete list of the 261 homes available for sale in Southlake, Texas, MLS.

Narrow your search, click the price ranges below to view smaller groups of available Southlake, TX

Price Range # Homes
$0 – 399,999 21
$400,000 – 499,999 48
$500,000 – 599,999 37
$600,000 – 799,999 59
$800,000 – 999,999 28
$1,000,000 – 100,000,000 68
All Listings 261

Brenda Magness Realty Group serves buyers and sellers of real estate in North Texas, including the cities of Grapevine, Southlake, Colleyville, Westlake and Keller.

A list of homes for sale in Grapevine, Texas, MLS (as of 2/11/2011)

Grapevine Texas Home For Sale

Market Update -Grapevine, TX Real Estate. As of this report, there are currently 187 homes listed as active in Grapevine, Texas, Multiple Listing Service (MLS).

View an easy to read list of all homes currently available for sale in the Grapevine, Texas, MLS (Multiple Listing Service) on our website, as of 2/11/2011. Click here to view a complete list of the 187 homes available for sale in Grapevine, Texas, MLS.

Narrow your search, click the price ranges below to view smaller groups of available in Grapevine, TX

Price Range # of Homes
$0 – 149,999 23
$150,000 – 199,999 33
$200,000 – 249,999 26
$250,000 – 299,999 35
$300,000 – 399,999 39
$400,000 – 100,000,000 31
All Listings 187

Brenda Magness Realty Group serves buyers and sellers of real estate in North Texas, including the cities of Grapevine, Southlake, Colleyville, Westlake and Keller.

February 2011, Events in Grapevine, Texas

This is going to be a SUPER month here in North Texas as we welcome football fans from around the world. It’s game time, and Grapevine has the place to play! Whether you are coming for the big game, escaping for a romantic Valentine’s getaway or just looking for a weekend adventure, Grapevine has the hotels, shops, restaurants, winery tasting rooms and attractions to make it a super February!

Grapevine is proud to be a member of the North Texas Super Bowl Host Committee.  The 2011 Super Bowl will be the first in North Texas and Grapevine is thrilled to be a part of this momentous occasion.


Grapevine Vintage Railroad

Super Football Trains

February 4, 5 & 6

Adults $10, Children $8

This one-hour ride is sure to be a touchdown for all ages as it is a one-of-a-kind experience in North Texas!  Tackle all the fun with football trivia, videos of “Greatest Super Bowl Moments” and prizes aboard this excursion.

COTTON BELT DEPOT
705 South Main Street
Grapevine, TX 76051

Departure: 10 a.m. and 12 p.m.

STOCKYARDS STATION
140 East Exchange Avenue
Fort Worth,TX 76106

Departure: 2 p.m. and 4 p.m.

ValentineDining

Spend a delightful Valentine’s Day weekend with your sweetheart in Grapevine.

Sweetheart Express Wine Train

February 12
8 p.m.
$36 per person
Take your sweetheart aboard the Grapevine Vintage Railroad’s Sweetheart Express Wine Train. The magic begins with live entertainment as you board the train and enjoy a complimentary glass of wine in a commemorative souvenir wineglass. Additional wines may be purchased from various Grapevine wineries at cash bars available onboard the train. The evening excursion will include romantic musical favorites and will top off with delectable desserts on the return trip.

Sweetheart Wine Trail

February 12 & 13
11 a.m. – 5 p.m.
$45 in advance/$50 at the door
Love is in the air and an amorous toast is underway.  Experience true romance on a wine tasting date — the perfect way to spend some quality time with your sweetheart on Valentine’s Day…or grab some friends for a double date along the wine trail!  It’s the ideal place for wine enthusiasts and couples to celebrate love.  Go hand in hand on the 4th annual Valentine’s Day Wine Trail.  Starting at Cross Timbers Winery 805 N. Main St.

Grapevine Opry Duets & Love Songs

February 12

7:30 p.m.

$15

Take your dearest for some great live entertainment.  Reserve a loveseat for the Grapevine Opry show at the Palace Theatre.  Get sappy with your better half with a variety of sweet, romantic songs.

With over 200+ restaurants, premier shopping and fabulous hotels, Grapevine is definitely the best spot for a romantic escape with your sweetheart.  So, make a memorable romantic getaway with your love in Grapevine with so many fun, romantic events and fine dining options.

Palace Theatre Presents
300 S. Main St.

First Friday Film Series: Annie Hall
February 4
7:30 p.m.

Zack King Band CD Release Party
February 11
7 p.m.

Mélange Musical Concert
February 18
8 p.m.

Live Comedy Performance of Greater Tuna
February 25 & 26
2:30 p.m. & 7:30 p.m.

Grapevine Vintage Railroad

The Grapevine Vintage Railroad travels along the historic Cotton Belt Route between Grapevine and the Fort Worth Stockyards. The railroad is serviced by two vintage locomotives which include “Puffy,” built in 1896, the oldest continuously operating steam engine in the South, and “Vinny,” the 1953 GP-7 diesel.  Tickets are $20 for adults, $10 for children, and $18 for seniors.

Presidents’ Day Train

Sunday, February 20

1 p.m.

Dollar specials at the concession stand.

Grapevine Convention Center

1209 S. Main St.

Wellness Expo

February 5 & 6

11 a.m. – 6 p.m.

Meet holistic practitioners, metaphysicians, psychics, and natural product vendors.

Divine Consign Children’s Consignment Show

February 20 – 6 p.m. – 9 p.m.

February 21 – 8 a.m. – 12 p.m.

AKS Gem Show

February 25 & 26 – 10 a.m. – 6 p.m.
February 27 – 10 a.m. – 4 p.m.

Gem, bead and jewelry show and sale.

Parking at the Grapevine Convention Center is always free.  Prices and times for shows vary, so please visit www.GrapevineConventionCenter.com for the most up-to-date information.

Annual Events in Grapevine


ChocolateFest

March 11 & 12

Spring Fling on the Grapevine Vintage Railroad

March 14 – 16

Day Out With ThomasTM

March 25, 26 & 27 and April 1, 2 & 3

10th Annual Spring Into Nash Farm

April 2

19th Annual Blessing of the Vines and New Vintage Wine & Gallery Trail presented by Park Place Motorcars Bedford

April 8 & 9

27th Annual Main Street DaysTM

May 13, 14 & 15

3rd Annual SummerBlast

May 27 – September 5

29th Annual Fireworks Extravaganza over Lake Grapevine

July 4

25th Annual GrapeFest®

September 15, 16, 17 & 18

11th Annual Nash Farm Round Up

October 8

14th Annual Butterfly Flutterby
October 15

Christmas Capital of Texas®

November & December


Featured Dining
bobsChop
Treat your Valentine to a special dinner.
817-481-5555
1255 S. Main St.

Featured Winery
homesteadlogo
Life is too short not to drink good wine.
817-251-9463
211 E. Worth St.

Featured Live Entertainment
glasscactus
Your place for nighttime fun!
817-778-2800
1501 Gaylord Trail


NashBannerBread

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