Let me make it clear more info on Land Loans

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Let me make it clear more info on Land Loans

The VLB Veterans Land Loan Program may be the just one of their type into the country, providing Texas Veterans and Military Members the possibility to borrow as much as $150,000 to buy land at competitive interest levels while typically requiring the absolute minimum five per cent advance payment for tracts of just one acre or maybe more.

This system is not difficult to utilize and provides Texas Veterans and Military members financing that is exclusive the purchase of the own bit of Texas. The bonds utilized to finance this program are retired from loan repayments additionally the price of administering this system is financed through a fee that is small for each loan.

The Land Loan Process

  • Prepare Yourself
  • Get Prequalified
  • Find Your Land
  • Finish the necessary Paperwork
  • Finalizing the method

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

Once you’ve collected your revenue information and reviewed your credit, begin the online application procedure for loan approval.

Analysis tracts of land easily obtainable in Texas that meet up with the VLB land loan needs. You can search for land provided through our Land product product product Sales.


Finish the processing of the land loan by going back all necessary loan paperwork (in other words. executed agreement, survey, industry records, as well as land plat).

Finalize your loan process by coordinating a closing time and date together with your chosen name business being ready to spend the payment that is down other costs to shut.


To qualify for VLB loan programs, Veterans and armed forces Members must be:

  • At the least 18 years old.
  • A bona fide and appropriate resident of Texas in the date of application and meet oneof the service that is following:
    • An duty that is active Member.
    • An associate regarding the Texas National Guard.
    • A book component Military Member having completed 20 qualifying years for your retirement.
    • A Veteran having offered at the very 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 for action or whose death had been service linked.


The land must to be eligible for VLB financing

  • Be wholly in the state of Texas.
  • Include one or more acre, excluding any part beneath a separate general public roadway or navigable waterway or at the mercy of frequent inundation or else unusable.
  • Have actually appropriate, usable usage of a road that is public. Access should be no less than 60 foot wide or meet with the county public road width demands, whichever is greater. “Usable” ensures that it may be driven on by way of a passenger that is standard in poor weather.
  • Be properly described by either a field note description for the tract because of the surveyor’s official seal and signature (original or copy) or a complete content for the recorded subdivision plat in the event that description is through great deal & block.
  • Never be zoned strictly for commercial usage.
  • Not need been owned by you or your better half in the previous 3 years.
  • All trash/debris, tires or dilapidated structures must be eliminated just before closing.

No value shall be provided with to virtually any improvements on tracts. Several, contiguous tracts could be combined under one financing instrument offered each share is certainly not lower than 60 linear foot of common boundary or tracts are next to each other and divided entirely because of the real width regarding the general general public right of means.


Land Loans – Veteran/Military rate of interest 7.25percent

VLB provides financing on tracts as much as $150,000 with the absolute minimum five per cent advance payment and a fixed-rate 30-year loan term. The five per cent advance payment is susceptible to credit approval.

A $325 assessment and agreement solution fee is born in the period of application. There’s no pre-payment penalty.

When you have perhaps not currently identified the land you intend to buy, consider listed here options:

  • View VLB land on the market open to the general public
  • Check out a house search site that lists land easily obtainable in Texas
  • Call VLB

Once a Veteran, or his / her successor, has effectively paid down a VLB land loan s/he may submit an application for another VLB land loan. The applies that are same our house and do it yourself loan programs.


To mail the VLB Loan Servicing Company:

Texas Veterans Land Board (via DMI) 1 Corporate DriveSuite 360 Lake Zurich,

Take note, at and we can help you resolve the issue if you have problems with the processing of your loan payment, you can call our VLB Call Center at 800-252-8387 or email us. We have been right here to last!


The VLB’s severance policy enables Veterans and members that are military obtain a cost name to a percentage of the VLB tract. Such partial resale needs will always in the sole discretion associated with the VLB and topic to greater valuation pricing and stricter instructions than severances for a house 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 any such “subdivision.” If any such legislation or ordinance imposes a condition which is much more restrictive as compared to policy or procedure contained herein, what the law states or ordinance will get a grip on.

Tracts significantly less than 3 acres: The VLB will maybe not give a severance.

4 – 19 acres: A severance is achievable. The severance should be at least one acre or the minimum size needed by county and regulations that are local whichever is bigger. A partial launch must enable adequate space for the household, septic system and water well (where relevant), most of which must fit completely inside the boundaries for the partial release. Note: Before employing a surveyor, please contact our servicer.


For information concerning presumptions (also called transfers), contact our servicer, DMI, at and request special loans. Presumption types must certanly be required by the account owner and certainly will simply be mailed towards the account holder. VLB land loans could be thought after 36 months.