This program was introduced in 1986 to provide below-market interest rate loans to qualified Texas Veterans for home repairs and improvement to their existing homes. The VLB offers up to $50,000.00 for a 20-year loan or up to $10,000.00 for a 10-year loan.
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Tradewinds-area historical tornado activity is below Texas state average. It is 27% smaller than the overall U.S. average. On 10/22/1954, a category F3 (max. wind speeds 158-206 mph) tornado 9.4 miles away from the Tradewinds place center injured 25 people and caused between $50,000 and $500,000 in damages.
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Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, Home Equity and Credit products are offered through U.S. Bank National Association.