This system is not hard to utilize and provides Texas Veterans and Military users exclusive financing towards the purchase of one’s own bit of Texas.

This system is not hard to utilize and provides Texas Veterans and Military users exclusive financing towards the purchase of one’s own bit of Texas.

The VLB Veterans Land Loan Program may be the only one 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 rates of interest while typically requiring at least five per cent advance payment for tracts of 1 acre or even more.

This program is simple to utilize and provides Texas Veterans and Military members financing that is exclusive the purchase of one’s own little bit of Texas. The bonds utilized to invest in this system are resigned from loan repayments in addition to price of administering this system is financed through 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 the absolute minimum five % advance payment and a fixed-rate 30-year loan term. The five per cent advance payment is susceptible to credit approval.

A $325 assessment and agreement solution charge is born in the period of application. There is absolutely no pre-payment penalty.

When you yourself have not currently identified the land you intend to buy, consider listed here options:

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

As soon as a Veteran, or his / her successor, has effectively paid 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.



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

Tracts lower than 3 acres: The VLB will perhaps not give a severance.

4 – 19 acres: A severance can be done. The severance should be a the least one acre or the minimum size needed by county and regulations that are local whichever is bigger. A partial launch must enable enough space for the home, septic system and water well (where relevant), every one of which must fit totally inside the boundaries associated with 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. Presumption kinds needs to be required because of the account owner and can simply be mailed towards the account owner. VLB land loans might be assumed after 3 years.


To qualify for VLB programs, Veterans, army people and their partners needs to be:

  • At the very least 18 years old.
  • A bona fide and appropriate resident of Texas in the date of application and meet oneof the service that is following:
    • An active responsibility Military Member.
    • A part associated with the Texas National Guard.
    • A book component Military Member having finished 20 qualifying years for your your retirement.
    • A Veteran having offered at the very least 90 duty that is active unless released sooner because of a service-connected disability rather than released dishonorably.
    • A surviving partner of the Veteran listed as missing for action or whose death ended up being solution linked.

The Land Loan Process

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

Once you’ve collected your earnings information and reviewed your credit, begin the online application procedure for loan approval.

Analysis tracts of land easily obtainable in Texas that meet up with the VLB land loan needs. You can look for land provided through our Land Sales.

Finish the processing of one’s land loan by going back all needed loan documents (in other words. Performed agreement, study, industry records, and or land plat).

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


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 general public roadway or navigable waterway or susceptible to frequent inundation or else unusable.
  • Have actually appropriate, usable usage of a road that is public. Access should be no less than 60 foot wide or meet up with the county public road width demands, whichever is greater. “Usable” ensures that it could be driven on by way of a passenger that is standard in poor weather.
  • Be precisely described by either a industry note description for the tract using the surveyor’s official seal and signature (original or content) or a complete content regarding the recorded subdivision plat in the event that description is by great deal & block.
  • Never be zoned strictly for commercial usage.
  • N’t have been owned by you or your better half in the past 3 years.
  • All trash/debris, tires or structures that are dilapidated be eliminated ahead of closing.

No value will be provided with to virtually any improvements on tracts. Several, contiguous tracts might be combined under one financing instrument offered each share is perhaps not significantly less than 60 linear foot of typical boundary or tracts are next to each other and separated entirely by the real width of this general public right of method.

Leave a Reply

Your email address will not be published.