Have you struggled to find bank financing for vacant land in Texas?
Would it help to discover that it is a low down-payment option with attractive terms to help with your land purchase?
If you answered “yes” to any of these questions, you are in the right place! If you are a Texas Veteran, we can help you purchase rural property in Texas through the Texas Veteran Land Board (VLB). The VLB provides below-market interest rate loans for land, home purchases and home improvement projects. Texas veterans can use all three loans types at the same time. Any eligible veteran may use these loans. The Veteran Land Board is not associated with the federal VA; therefore, even if you have used your VA benefits, you may still be eligible for these state loan programs.
All Veteran Land Board loans are subject to credit approval. Information about all of these loans, eligibility requirements, and payment options are easily accessible at www.glo.texas.gov/vlb/loans/land-loans/index.html.
Veterans Land Board Land loans are available for:
1. Purchase of one acre or more.
2. Up to $150,000.00 for a 30-year fixed rate loan.
3. Minimum 5% down payment required.
4. Certified survey required.
5. $325 appraisal & contract service.