This system is not difficult to utilize and provides Texas Veterans and Military members financing that is exclusive the acquisition of one’s own little bit of Texas.

This system is not difficult to utilize and provides Texas Veterans and Military members financing that is exclusive the acquisition of one’s own little bit of Texas.

The VLB Veterans Land Loan Program may be the just one of the sort when you look at the country, providing Texas Veterans and Military Members the possibility to borrow as much as $150,000 to shop for land at competitive rates of interest while typically requiring the absolute minimum five per cent deposit for tracts of just one acre or maybe more.

This program is not hard to utilize and provides Texas Veterans and Military members financing that is exclusive the purchase of one’s own bit of Texas. The bonds utilized to invest in this program are retired from loan repayments as well as the cost of administering this system is financed by way of a little cost 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 loan term that is 30-year. The five per cent advance payment is susceptible to credit approval.

A $325 assessment and agreement solution cost flow from in the period of application. There’s absolutely no pre-payment penalty.

For those who have perhaps not currently identified the land you intend to buy, consider the next options:

  • View VLB land on the market offered to the general public
  • Check out a house search site that lists land accessible in Texas
  • Call VLB at 800-252-8387

When a Veteran, or their successor, has effectively paid down a VLB land loan s/he may submit an application for another VLB land loan. The exact same relates to our home and do it yourself loan programs.



The VLB’s severance policy permits Veterans and armed forces people to get yourself a cost name to a portion of the VLB tract. Such partial resale needs are often during the single discernment for the VLB and subject to greater valuation pricing and stricter tips than severances for a property web web web site. Additionally it is the insurance policy of this VLB that any ask for severance represents a request to “subdivide” the current tract. Consequently, all severances should be in conformity with state guidelines and county and neighborhood ordinances regulating such “subdivision. ” If any such legislation or ordinance imposes a condition which is more restrictive as compared to policy or procedure included herein, what the law states or ordinance will get a handle on.

Tracts not as much as 3 acres: The VLB will perhaps not give a severance.

4 – 19 acres: A severance can be done. The severance needs to be no less than one acre or perhaps the minimum size needed by county and neighborhood laws, whichever is bigger. A partial launch must enable enough space when it comes to home, septic system and water well (where relevant), all of these must fit completely in the boundaries associated with the partial launch. Note: Before employing a surveyor, please contact our servicer.


For information concerning presumptions (also called transfers), contact our servicer, DMI, at 1-866-654-6345 and request unique loans. Presumption kinds must certanly be requested by the account owner and certainly will simply be mailed to your account holder. VLB land loans could be thought after 36 months.


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 regarding the date of application and meet oneof the service that is following:
    • An duty that is active Member.
    • An associate for the Texas National Guard.
    • A reserve component Military Member having finished 20 years that are qualifying your retirement.
    • A Veteran having offered at the least 90 active responsibility times unless released sooner because of a service-connected impairment rather than released dishonorably.
    • A spouse that is surviving of Veteran listed as missing in action or whoever death had been solution linked.

The Land Loan Process

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

After you have collected your revenue information and reviewed your credit, begin the online application procedure for loan approval.

Research tracts of land accessible in Texas that meet up with the VLB land loan demands. You are able to search for land provided through our Land product product Sales.

Finish the processing of one’s land loan by coming back all loan that is required (in other words payday loans in South Dakota. Performed agreement, study, industry notes, and or land plat).

Finalize your loan procedure by coordinating a closing time and date along with your chosen name business being ready to pay the payment that is down all the expenses to shut.


The land must to be eligible for VLB financing

  • Be wholly inside the state of Texas.
  • Include a minumum of one acre, excluding any part beneath a separate general public roadway or navigable waterway or at the mercy of frequent inundation or elsewhere unusable.
  • Have actually appropriate, usable usage of a road that is public. Access needs to be at the least 60 legs wide or meet up with the county public road width demands, whichever is greater. “Usable” ensures that it may be driven on with a passenger that is standard in bad weather.
  • Be correctly described by either a industry note description regarding the tract using the surveyor’s official seal and signature (original or content) or perhaps a copy that is complete of recorded subdivision plat in the event that description is by lot & block.
  • Never be zoned strictly for commercial usage.
  • Not need been owned by you or your partner in the past 3 years.
  • All trash/debris, tires or structures that are dilapidated be removed ahead of closing.

No value will be provided with to virtually any improvements on tracts. Several, contiguous tracts might be combined under one instrument that is financing each share is certainly not significantly less than 60 linear foot of typical boundary or tracts are adjacent to the other person and divided entirely because of the real width associated with general general public right of method.

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