Here in the Fort Hood Texas area, we have not been affected by the housing crash like other areas of the country, however, we have some decline in prices. Because of that, there has not been a better time to buy a home in a long time. Another reason that it is a good time to buy is because of the low interest rates. Many of our buyers use their VA loan which is great - so that they do not have to put any money down. In addition to the VA loan program, there is a program through the state of Texas called the Texas Veterans Land Board. It is not just for land though. Most local lenders can explain the TexVet program to the buyers. The Texas Veteran Interest Rates remained low this week, at 4.6%. There is also a 1/2% deduction for our disabled veterans of 30% or more.
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