I got the note below from Cyd West at 1st Community Mortgage regarding changes to the TX Vet program. -- Jean
“This morning the Tex Vet website is showing that the discount for a veteran with a 30% disability is ½% vs. the former discount of 1%. This happened without advance notice. I wanted you to be aware of this change as it will affect your clients.
Today’s Tex Vet rate is 5.28%, so a qualified veteran with a 30% compensable disability would have a rate of 4.78%. It’s still a great program!
Let me know if you have any questions about the changes or the Tex Vet program in general.”