Why Choose Herring Bank for Your El Paso VA Home Loan?

At Herring Bank, we’re proud to serve the men and women who’ve served our country—especially in a city as military-rooted as El Paso. Whether you’re exploring historic neighborhoods near Mission Valley or looking to buy a new home in the growing Far East, our VA loan specialists understand the local market and the unique needs of military families stationed at or retired from Fort Bliss.

As a direct lender with in-house underwriting, we help eligible veterans and active-duty personnel close quickly—often in 28 days or less. We also work with VA-approved appraisers familiar with El Paso County’s housing trends, giving you a streamlined, veteran-friendly path to homeownership.

VA Loan Benefits for Veterans in El Paso

El Paso veterans can take full advantage of the VA home loan program with:

• 0% down payment required

• No private mortgage insurance (PMI)

• Competitive fixed interest rates

• Flexible credit approval starting at 580 FICO

• Reduced closing costs—often covered by sellers

• No prepayment penalties

If you have a 100% VA disability rating, you may also be eligible for a full property tax exemption under Texas Tax Code Section 11.22, reducing your monthly costs significantly.

VA Loans for Fort Bliss Military Families

With one of the nation’s largest military bases, Fort Bliss, El Paso is home to thousands of active-duty personnel, reservists, and military retirees. Herring Bank is deeply familiar with PCS timelines and provides:

• Remote closings via power of attorney

• Pre-approvals within 24 hours

• Guidance on BAH income qualification

• Seamless handling of military documentation

Top VA-friendly neighborhoods near Fort Bliss include:

• Northeast El Paso – Affordable homes with proximity to the base (starting around $180,000)

• East El Paso – Family-friendly communities and newer builds ($220,000–$300,000)

• Socorro & Horizon City – Expanding areas with VA-eligible homes and strong growth potential

2025 El Paso Housing Market Snapshot for VA Buyers

According to the El Paso Central Appraisal District, the current median home price is approximately $229,400, with many listings under VA loan limits. Homes typically spend 30–35 days on market, and there’s a healthy supply of VA-eligible properties across the region.

Popular Areas for VA Buyers:

• Mission Ridge – Newer developments near top schools ($250K–$400K)

• Cielo Vista – Established neighborhoods with quick access to Fort Bliss ($200K–$300K)

• Eastlake – Modern, growing community ideal for families ($230K–$350K)

Looking at a fixer-upper? We also support VA renovation loans, allowing you to purchase and upgrade older homes in neighborhoods like Central El Paso or Ysleta.

El Paso VA Loan Process

We make the VA loan journey simple and transparent:

1. COE Request – We obtain your Certificate of Eligibility in 24 hours

2. Pre-Approval – Call 1-214-225-3166 to get a pre-approval tailored to El Paso pricing

3. VA Appraisal – Completed by a local, VA-approved appraiser

4. Closing – In person or remote closing in as little as 28 days

Refinance Options for VA Homeowners in El Paso

If you already have a VA loan, Herring Bank can help you:

• Lower your rate with a VA IRRRL (Streamline Refinance)

• Access equity with a VA Cash-Out Refinance—borrow up to 90% of your home’s value for upgrades, debt payoff, or emergencies

El Paso VA Loan FAQs

What credit score do I need for a VA loan in El Paso?
We work with veterans with scores as low as 580, depending on other factors.

Can I buy a duplex or multi-family home with a VA loan?
Yes—VA loans can be used on 1–4 unit properties if you live in one of the units.

Connect With an El Paso VA Loan Expert

Call Herring Bank’s VA loan team today at 1-214-225-3166 for:

• Free, same-day pre-approvals

• Veteran-focused guidance on the El Paso market

• Bilingual support in English and Spanish

Take the next step toward homeownership in one of Texas’ most affordable, welcoming, and military-connected cities.