TULSA, Okla.--(BUSINESS WIRE)--Gateway Mortgage Group, a privately held mortgage company offering originations, servicing and correspondent lending, is excited to announce its partnership with the Texas Veterans Land Board as the administrator over loan originations in the Veterans Housing Assistance Program (VHAP). Texas VLB loans are available to Texas residents who served in any branch of the U.S. Armed Forces or National Guard on active or reserve duty. This program is designed to assist eligible veterans in purchasing a home by offering a low-interest rate loan and reduced down payment requirements on houses located within the state of Texas. Disabled veterans and surviving spouses may also qualify for a further interest rate reduction of 50 basis points, or one half of 1% of the available Texas VLB Rate.
“As Gateway continues to expand, it is imperative that we maintain focus on our core values of strengthening communities through homeownership,” said Jared Edmonds, vp of national correspondent production. “We believe that this partnership with the Texas Veterans Land Board not only falls in line with our core values, but allows us the opportunity to serve our veterans who have served our country.”
Gateway’s Correspondent Lending Division, an arm of one of the largest privately held mortgage companies in the country, offers a wide array of programs, competitive pricing and a unique alternative to the correspondent channel for both financial institutions as well as independent mortgage companies. For more information on the Texas Veterans Land Board program, visit www.glo.texas.gov/vlb.
About Gateway Mortgage Group, LLC
Founded in 2000, Tulsa, Okla.-based Gateway Mortgage Group LLC is a complete end-to-end mortgage banking firm that specializes in originations, servicing, and correspondent lending. The company services over $14 billion in residential mortgages. For more information about Gateway, visit www.GatewayCorrespondent.com.