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

The VLB Veterans Land Loan Program may be the just one of the type within the country, providing Texas Veterans and Military Members the possibility to borrow as much as $150,000 to get land at competitive interest levels while typically requiring the very least five percent advance payment for tracts of 1 acre or higher.

This program is not hard to utilize and provides Texas Veterans and Military people exclusive financing towards the purchase of one’s own bit of Texas. The bonds used to finance this program are retired from loan repayments together with price of administering this system is financed through a fee that is small for each loan.


Land Loans – Veteran/Military rate of interest 7.25percent

VLB provides financing on tracts as much as $150,000 with the very least five per cent deposit and a fixed-rate loan term that is 30-year. The five per cent advance payment is at the mercy of credit approval.

A $325 appraisal and agreement solution cost flow from in the time of application. There’s absolutely no penalty that is pre-payment.

You wish to purchase, consider the following options if you have not already identified the land:

  • View VLB land on the market open to the general public
  • See a house search web site that lists land accessible in Texas
  • Phone VLB at 800-252-8387

As soon as 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.



The VLB’s severance policy allows Veterans and members that are military get a charge name to a percentage of these VLB tract. Such partial resale needs are often in the single discretion regarding the VLB and topic to greater valuation pricing and stricter tips than severances for a property web web web site. It’s also the insurance policy of this VLB that any ask for severance represents a request to “subdivide” the tract that is existing. Therefore, all severances must certanly be in conformity with state legislation and county and regional ordinances regulating such “subdivision. ” If any law that is such ordinance imposes a state of being 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 not give a severance.

4 – 19 acres: A severance is achievable. The severance needs to be a the least one acre or even the minimum size needed by county and neighborhood laws, whichever is larger. A partial release must enable enough space when it comes to household, septic system and water well (where relevant), every one of which must fit totally in the boundaries for 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 have for special loans. Presumption types should be required by the account owner and can simply be mailed towards the account owner. VLB land loans can be thought after 36 months.


To qualify for VLB programs, Veterans, army people and their partners should be:

  • At the 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 associated with the Texas National Guard.
    • A book component Military Member having finished 20 qualifying years for retirement.
    • A Veteran having offered at the least 90 duty that is active unless released sooner due to a service-connected impairment rather than released dishonorably.
    • A spouse that is surviving of Veteran listed as missing doing his thing or whoever death had been solution linked.

The Land Loan Process

The mortgage quantity is founded on credit approval. Get made by reviewing your credit. Gather your earnings information and stay willing to offer your loan processor together with your latest pay stubs to help in determining your creditworthiness.

Once you’ve collected your earnings information and reviewed your credit, begin the application that is online for loan approval.

Research tracts of land accessible in Texas that meet up with the VLB land loan needs. You may also search for land provided through our Land product product product Sales.

Finish the processing of one’s land loan by coming back all needed loan paperwork (i.e. Executed agreement, study, industry records, and or land plat).

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


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 passionate roadway that is public navigable waterway or at the mercy of frequent inundation or else unusable.
  • Have actually appropriate, usable use of a road that is public. Access must certanly be a the least 60 foot wide or meet up with the county public road width demands, whichever is greater. “Usable” ensures that it could be driven on by way of a passenger that is standard in poor weather.
  • Be precisely described by either a industry note description regarding the tract with all the surveyor’s official seal and signature (original or content) or even a complete content of this recorded subdivision plat in the event that description is through great deal & block.
  • Never be zoned strictly for commercial usage.
  • N’t have been owned by you or your partner in the past 36 months.
  • All trash/debris, tires or dilapidated structures must be eliminated just before closing.

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

Leave a Reply