This program is not difficult to utilize and provides Texas Veterans and Military people exclusive financing towards the acquisition of one’s own little bit of Texas.

This program is not difficult to utilize and provides Texas Veterans and Military people exclusive financing towards the acquisition of one’s own little bit of Texas.

The VLB Veterans Land Loan Program could be the only 1 of the type within 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 at least five per cent deposit for tracts of just one acre or higher.

This system is simple to utilize and provides Texas Veterans and Military members financing that is exclusive the acquisition of these very own little bit of Texas. The bonds utilized to invest in this system are resigned from loan repayments as well as the price of administering this program is financed by way of a tiny charge charged for each loan.


Land Loans – Veteran/Military rate of interest 7.25percent

VLB provides financing on tracts as much as $150,000 with at least five % deposit and a fixed-rate loan term that is 30-year. The five percent advance payment is at the mercy of credit approval.

A $325 assessment and agreement solution cost is born during the right time of application. There’s absolutely no pre-payment penalty.

When you have perhaps not currently identified the land you want to buy, consider the next options:

  • View VLB land on the market open to the general public
  • See a house search web site that lists land accessible in Texas
  • Phone VLB at 800-252-8387

As soon as a Veteran, or his / her successor, has successfully paid down a VLB land loan s/he may submit an application for another VLB land loan. The same pertains to our home and do it yourself loan programs.



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

Tracts not as much as 3 acres: The VLB will maybe not give a severance.

4 – 19 acres: A severance can be done. The severance needs to be a minimum of one acre or perhaps the minimum size needed by county and neighborhood laws, whichever is bigger. A partial release must enable enough space for the household, septic system and water well (where relevant), all of these must fit totally in the boundaries associated with the partial release. Note: Before employing a surveyor, please contact our servicer.


For information concerning presumptions (also referred to as transfers), contact our servicer, DMI, at 1-866-654-6345 and have for unique loans. Assumption types should be required by the account owner and can simply be mailed towards the account owner. VLB land loans could be thought after 36 months.


To qualify for VLB programs, Veterans, armed forces people and their partners must certanly be:

  • At the very 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 duty that is active Member.
    • amscot loans near me

    • A part associated with Texas National Guard.
    • A book component Military Member having finished 20 qualifying years for your retirement.
    • A Veteran having offered at the very least 90 active responsibility times unless discharged sooner because of a service-connected impairment rather than released dishonorably.
    • A spouse that is surviving of Veteran listed as missing doing his thing or whoever death had been solution linked.

The Land Loan Process

The mortgage quantity will be based upon credit approval. Get made by reviewing your credit. Gather your earnings information and stay ready to offer your loan processor along with your latest pay stubs to help out with determining your creditworthiness.

After you have collected your earnings information and reviewed your credit, begin the online application procedure for loan approval.

Research tracts of land accessible in Texas that meet up with the VLB land loan demands. You’ll be able to go shopping for land offered through our Land product Sales.

Finish the processing of one’s land loan by coming back all loan that is required (for example. Performed agreement, survey, industry records, and or land plat).

Finalize your loan procedure by coordinating a closing date and time along with your chosen name business being willing to spend the payment that is down all the other expenses to shut.


The land must to be eligible for VLB financing

  • Be wholly inside the state of Texas.
  • Include a minumum of one acre, excluding any part beneath a separate general public roadway or navigable waterway or susceptible to frequent inundation or elsewhere unusable.
  • Have actually appropriate, usable use of a general public road. Access should be at the least 60 feet wide or meet up with the county road that is public demands, whichever is greater. “Usable” ensures that it may be driven on by way of a standard passenger automobile in poor weather.
  • Be correctly described by either a industry note description associated with tract because of the surveyor’s official seal and signature (original or content) or a copy that is complete of recorded subdivision plat if the description is through great deal & block.
  • Never be zoned strictly for commercial usage.
  • N’t have been owned by you or your partner in the past 36 months.
  • All trash/debris, tires or dilapidated structures must be eliminated ahead of closing.

No value will get to your improvements on tracts. Several, contiguous tracts might be combined under one financing instrument offered each share is certainly not lower than 60 linear foot of typical boundary or tracts are right beside the other person and divided solely by the real width associated with general public right of means.

Leave a Comment

Your email address will not be published. Required fields are marked *