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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.
- Home Loans
Eligible Texas Veterans and Military Members have an...
- Home Improvement
This program was introduced in 1986 to provide below-market...
- THE LAND LOAN PROCESS
To be eligible for VLB loan programs, Veterans and Military...
- Veterans Land Board
Spurred by returning World War II veterans, the Legislature...
- Land Sales
A Veteran or Military Member whose bid is accepted may apply...
- Texas Veterans Land Board
In 1946 the Texas Veterans Land Board (VLB) was established...
- Home Loans
To be eligible for VLB loan programs, Veterans and Military Members must be: At least 18 years of age. A bona fide and legal resident of Texas on the date of application and meet one of the following service criteria: An active duty Military Member. A member of the Texas National Guard.
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 is proud to serve those who have served our country.
1 Ιαν 2023 · General Information. All loans are subject to credit approval. The VLB will finance the LESSER of the following: 95% of the final agreed purchase price. 95% of the appraised value of the land. $150,000 A minimum of five percent (5%) down payment is required.
Land Loans. 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. For more information go to website: https://vlb.texas.gov/loans/land-loans/index.html.
Spurred by returning World War II veterans, the Legislature established the Texas Veterans Land Board (VLB) in 1946 to continue this tradition by providing Texas veterans with long-term, low-interest land loans. Today, the VLB oversees five veterans programs.
A Veteran or Military Member whose bid is accepted may apply for a VLB Land Loan at a 7.25% interest rate, with a 30-year term and minimum 5% down payment. The VLB will only finance up to 95% of the minimum bid or $150,000 whichever is less.