Without a doubt more about Land Loans

    Without a doubt more about Land Loans

    The VLB Veterans Land Loan Program could be the only 1 of the sort into the country, providing Texas Veterans and Military Members the possibility to borrow as much as $150,000 to get land at competitive interest levels while typically requiring the very least five per cent advance payment for tracts of 1 acre or higher.

    This system is effortless to utilize and provides Texas Veterans and Military people exclusive financing towards the acquisition of these very own little bit of Texas. The bonds utilized to fund this program are resigned from loan repayments together with price of administering this program is financed via a little cost charged for each loan.

    The Land Loan Process

    • Be Ready
    • Get Prequalified
    • Find Your Land
    • Finish the necessary Paperwork
    • Finalizing the procedure

    The loan quantity is dependant on credit approval. Get served by reviewing your credit. Gather your earnings information and stay ready to offer your loan processor along with your latest pay stubs to help in determining your creditworthiness.

    After you have collected your revenue information and reviewed your credit, begin the application that is online for loan approval.

    Analysis tracts of land easily obtainable in Texas that meet the VLB land loan needs. You’ll be able to go shopping for land provided through our Land product product Sales.

    Finish the processing of one’s land loan by going back all necessary loan paperwork (in other words. performed contract, study, industry records, as well as land plat).

    Finalize your loan procedure by coordinating a closing time and date together with your chosen name business and being willing to spend the advance payment and all the expenses to shut.


    To qualify for VLB loan programs, Veterans and members that are military be:

    • At the least 18 years old.
    • A bona fide and appropriate resident of Texas regarding the date of application and meet oneof the after solution requirements:
      • An active responsibility Military Member.
      • An associate of this Texas National Guard.
      • A book component Military Member having completed 20 years that are qualifying your your retirement.
      • A Veteran having offered at the very least 90 active responsibility times unless released sooner as a result of a service-connected impairment rather than discharged dishonorably.
      • A spouse that is surviving of Veteran listed as missing for action or whoever death had been solution linked.


    The land must to be eligible for VLB financing

    • Be wholly in the state of Texas.
    • Include a minumum of one acre, excluding any part beneath a passionate public roadway or navigable waterway or susceptible to frequent inundation or perhaps unusable.
    • Have appropriate, usable use of a road that is public. Access needs to be at the least 60 legs wide or meet with the county public road width demands, whichever is greater. “Usable” ensures that it may be driven on with a passenger that is standard in poor weather.
    • Be correctly described by either a industry note description of this tract because of the surveyor’s official seal and signature (original or content) or perhaps a copy that is complete of recorded subdivision plat in the event that description is through lot & block.
    • Never be zoned strictly for commercial usage.
    • N’t have been owned by you or your partner within the past 3 years.
    • All trash/debris, tires or dilapidated structures must be eliminated just before closing.

    No value shall be provided with to virtually any improvements on tracts. Several, contiguous tracts could be combined under one financing instrument supplied each share is certainly not significantly less than 60 linear foot of typical boundary or tracts are next to each other and divided entirely by the real width associated with the general public right of method.


    Land Loans – Veteran/Military rate of interest 7.25percent

    VLB provides financing on tracts as much as $150,000 with the very least five per cent deposit and a fixed-rate 30-year loan term. The five % advance payment is susceptible to credit approval.

    A $325 assessment and agreement solution charge is born in the period of application. There isn’t any pre-payment penalty.

    You wish to purchase, consider the following options if you have not already identified the land:

    • View VLB land obtainable open to the general public
    • Go to a house search web site that lists land accessible in Texas
    • Call VLB

    As soon as a Veteran, or his / her successor, has effectively paid down a VLB land loan s/he may submit an application for another VLB land loan. The applies that are same our house and do it yourself loan programs.


    To mail the VLB Loan Servicing Provider:

    Texas Veterans Land Board (via DMI) 1 DriveSuite that is corporate 360 Zurich,

    Take note, when you yourself have issues with the processing of the loan repayment, it is possible to phone our VLB Call Center at 800-252-8387 or e-mail us at and now we will allow you to resolve the problem. We have been right here to serve YOU!


    The VLB’s severance policy permits Veterans and members that are military get yourself a cost name to a percentage of the VLB tract. Such partial resale needs are often during the single discernment associated with the VLB and topic to greater valuation pricing and stricter tips than severances for a house web web site. Additionally it is the insurance policy of this VLB that any ask for severance represents a request to “subdivide” the current tract. Consequently, all severances must certanly be in conformity with state regulations and county and regional ordinances regulating such “subdivision.” If any such law or ordinance imposes a state of being which is much more restrictive compared to the policy or procedure contained herein, what the law states or ordinance will get a grip on.

    Tracts significantly less than 3 acres: The VLB will likely not give a severance.

    4 – 19 acres: A severance is achievable. The severance should be no less than one acre or even the minimum size needed by county and regulations that are local whichever is bigger. A partial launch must enable enough space for the household, septic system and water well (where relevant), all of these must fit completely in the boundaries regarding the release that is partial. Note: Before hiring a surveyor, please contact our servicer.


    For information concerning presumptions (also called transfers), contact our servicer, DMI, at and request unique loans. Presumption kinds must certanly be required by the account owner and can simply be mailed to your account holder. VLB land loans might be thought after 36 months.

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