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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. Learn More.
- Home Loans
Eligible Texas Veterans and Military Members have an...
- Home Improvement
This program was introduced in 1986 to provide below-market...
- Texas Veterans Land Board
Benefits you have earned as a Texas Veteran or Military...
- Home Loans
Land Loan Payments. Apply Now. 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.
Benefits you have earned as a Texas Veteran or Military Member: 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 Texas Vet Loan Program offers exceptional financing options for veterans and active military servicemen to purchase homes. It helps them get mortgage loans at competitive interest rates much lower than conventional loan interest rates set by the Texas Veterans Land Board (VLB).
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.
1 Ιαν 2023 · 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. Any difference between the VLB’s net financing amount and the purchase price is paid at closing.
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.
