“Housing market shift: Why VA loans could be your best bet in 2022”

Nov 18, 2022

As the housing market continues to recover from the pandemic, many experts are predicting a shift in the market. As home prices continue to rise and interest rates climb, many prospective homebuyers are wondering if they should wait to purchase a home. For military veterans looking to buy a home, VA loans could be the best option in 2022. VA loans offer competitive interest rates and don’t require a down payment, which could make them more affordable than other loan options.

As the demand for military housing in Texas continues to grow, the VA home loan market is shifting to meet the needs of veterans. In 2022, the average VA loan amount is expected to increase by $10,000 and the number of VA loans originated in Texas is expected to grow by 5%.

With more than 1.5 million veterans living in Texas, the state has one of the largest veteran populations in the country. The growing demand for military housing is driven by a number of factors, including an increase in active-duty personnel stationed in Texas, as well as retirees moving to the state.

The average VA loan amount in Texas is expected to reach $265,000 in 2022, up from $255,000 in 2021. The number of VA loans originated in Texas is expected to grow from 40,000 in 2021 to 42,500 in 2022.

1. VA loans offer 100% financing, which means you don’t have to put any money down.

2. VA loans also offer lower interest rates than conventional loans.

3. No Property taxes if you are 100% disabled. (Texas)

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