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Eligible Texas Veterans and Military Members have an opportunity to purchase a home with a competitive, low-interest loan with little or no down payment. Veterans, Military Members and their spouses may receive up to $484,350 on a fixed-rate loan for 15, 20, 25 or 30 year terms*.
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Megargel-area historical tornado activity is slightly above Texas state average. It is 69% greater than the overall U.S. average. On 5/18/1951 , a category F4 ( max. wind speeds 207-260 mph) tornado 10.5 miles away from the Megargel town center killed 2 people and injured 100 people and caused between $500,000 and $5,000,000 in damages.
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