Finance
In Texas, a 'Texas Vet' home loan through the VLB (Veterans Land Board) offers eligible veterans:
ABelow-market interest rates on home loans through VLB-participating lenders✓ Correct
BA grant of up to $50,000 toward a home purchase
CComplete exemption from mortgage insurance
DZero-interest loans for veterans with service-connected disabilities
Explanation
The Texas Veterans Land Board offers eligible Texas veterans a below-market interest rate on home purchase loans through VLB-participating lenders. The VLB sets the interest rate, which is often lower than market rates. The program also offers home improvement loans and land loans for Texas veterans.
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