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The VLB Veterans Land Loan Program is the only one of its kind in the nation—giving Texas Veterans and Military Members the opportunity to borrow money to purchase land at favorable interest rates and terms while only requiring a minimum 5% down payment.
- THE LAND LOAN PROCESS
The VLB Veterans Land Loan Program is the only one of its...
- FAQ
Land Loans Does the VLB only finance land listed for sale on...
- Texas Veterans Land Board
In 1946 the Texas Veterans Land Board (VLB) was established...
- THE LAND LOAN PROCESS
In 1946 the Texas Veterans Land Board (VLB) was established to administer benefits exclusively for Texas Veterans. Since then, the VLB has funded more than 200,000 loans for Veterans and Military Members in Texas.
The VLB Veterans Land Loan Program is the only one of its kind in the nation, giving Texas Veterans and Military Members the opportunity to borrow up to $150,000 to purchase land at competitive interest rates while typically requiring a minimum five percent down payment for tracts of one acre or more.
Land Loans Does the VLB only finance land listed for sale on the website? No, the VLB will finance any tract of land containing at least one acre, with dedicated access to a public roadway.
The VLB Veterans Land Loan Program is the only one of its kind in the country—giving Texas Veterans the opportunity to borrow money to purchase land at below-market interest rates while only requiring a minimum 5% down payment.
APPENDIX C. TEXAS VETERANS LAND BOARD LOANS a. The Texas Veterans Land Board (TVLB) administers a state benefit called the Veterans Housing Assistance program (VHAP). This program allows Texas Veterans and Service members to borrow funds, up to the VHAP allowed maximum amount, to purchase property located in Texas. In the case when the Veteran ...
Eligible Veterans may finance up to $150,000 of land for tracts that are 1-acre (4,000 m 2) or greater. A minimum 5% down payment is required in addition to application and appraisal fees. The interest rate for land loans as of February 2017 is 7.25%.
