How Veterans Can Buy a Home With Zero Down in Wichita Falls

By Tim Lockhart

Tim is a 6th generation Texan, grew up in Arlington TX, and after having served 20 years as an Air Force Civil Engineering officer and managing over $1 Billion in facility construction and renovation projects, he retired in 2013. The experience, work ethic and leadership gained in the Air Force propelled him in only 4 years to build a real estate business ranking in the top 20% of agents worldwide in Keller Williams Realty the #1 Real Estate Company in the World. Tim is a Certified Military Relocation Specialist providing the highest level of service to his clients.

Did you know you could buy a home with zero down if you served in the military? Many veterans and active-duty service members don’t realize they can buy a home with zero down. This is not a special promotion or a limited-time offer. It is a benefit you have earned through your service. Today, I will explain how it works and why now is the perfect time to take advantage of it.

Why is the VA loan such a powerful option? The VA loan is backed by the U.S. Department of Veterans Affairs. It allows qualified buyers to purchase a home with no down payment, no private mortgage insurance, and competitive interest rates. This can save you thousands right away and every month going forward. In Wichita Falls, where the average home price is around $200,000, the VA loan can cover the full amount. That means you can keep more of your cash for other priorities instead of tying it up in a down payment.

Who’s eligible? You may qualify for a VA loan if you are active duty or an honorably discharged veteran. You also qualify if you served 90 days during wartime, 181 days during peacetime, or at least six years in the Reserves or National Guard. Surviving spouses of service members may also be eligible.

Common misconceptions. Many believe VA loans are only for first-time buyers, but you can use the benefit more than once and even have more than one VA loan at the same time. You do not need perfect credit to qualify. Some lenders accept credit scores as low as 580 to 620. VA loans are also not more complicated than other loans when you work with an experienced VA lender and agent.

Why Wichita Falls is a great choice? Wichita Falls is home to Sheppard Air Force Base and has a strong veteran community, low cost of living, and a vibrant arts and music scene. Neighborhoods like Burkburnett, Iowa Park, and City View offer great options for putting down roots.

How to get started? Getting a VA loan may seem overwhelming, but the process is simpler than most people think when you have the right guidance. Each step is designed to confirm your eligibility, secure your financing, and find a home that meets VA requirements. By following the process from start to finish, you can move into your new home without paying a single dollar for a down payment.

• Get your Certificate of Eligibility from the VA.
• Speak with a VA-approved lender for pre-approval.
• Work with an experienced VA loan agent to find eligible homes.
• Make an offer, complete the VA appraisal, and go through underwriting.
• Close on your home with zero down payment.

A VA loan is not just another mortgage program; it’s a valuable benefit that can save you thousands. If you’re interested, first review your eligibility, work with a VA-approved lender, and choose an agent who knows the process. Always rely on professionals who understand VA loans from start to finish.

If you have any questions, feel free to call or text me at (940) 704-7058 or email me at TimothyLockhart@kw.com. I’d be happy to help you get started with your application and ensure you have a smooth experience.