This program is not hard to utilize and provides Texas Veterans and Military users exclusive financing towards the purchase of one’s own little bit of Texas.

The VLB Veterans Land Loan Program may be the only 1 of its sort into the country, giving Texas Veterans and Military Members the possibility to borrow as much as $150,000 to acquire land at competitive interest levels while typically requiring the very least five per cent advance payment for tracts of just one acre or higher.

This system is not difficult to utilize and provides Texas Veterans and Military people exclusive financing towards the purchase of one’s own bit of Texas. The bonds utilized to invest in this program are resigned from loan repayments in addition to price of administering this system is financed by way of 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 at least five % advance payment 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 period of application. There is absolutely no pre-payment penalty.

For those who have maybe 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 web site that lists land accessible in Texas
  • Phone VLB at 800-252-8387

When a Veteran, or his / her successor, has successfully 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 enables Veterans and members that are military get yourself a charge name to a percentage of these VLB tract. Such resale that is partial will always during the single discernment regarding the VLB and topic to greater valuation pricing and stricter directions than severances for a house web site. Additionally, it is the insurance policy for the VLB that any ask for severance represents a request to “subdivide” the tract that is existing. Consequently, all severances must certanly be in conformity with state guidelines and county and neighborhood ordinances governing such “subdivision. ” If any law that is such ordinance imposes a state of being which is more restrictive 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 maybe not give a severance.

4 – 19 acres: A severance is achievable. The severance needs to be no less than one acre or the minimum size needed by county and regulations that are local whichever is larger. A partial launch must enable adequate space when it comes to household, 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 assumptions (also referred to as transfers), contact our servicer, DMI, at 1-866-654-6345 and request special loans. Presumption types must certanly be required because of the account owner and can simply be mailed towards the account owner. VLB land loans might be thought after 3 years.


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 in the date of application and meet oneof the after solution requirements:
    • An duty that is active Member.

    • An associate associated with Texas National Guard.
    • A book component Military Member having finished 20 years that are qualifying your your retirement.
    • A Veteran having offered at the very least 90 duty that is active unless released sooner because of a service-connected impairment rather than released dishonorably.
    • A surviving partner of the Veteran listed as missing doing his thing or whose death had been solution linked.

The Land Loan Process

The mortgage quantity is founded on credit approval. Get served by reviewing your credit. Gather your revenue 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 revenue information and reviewed your credit, begin the application that is online for loan approval.

Analysis tracts of land easily obtainable in Texas that meet up with the VLB land loan demands. You’ll be able to go shopping for land provided through our Land product Sales.

Finish the processing of one’s land loan by coming back all loan that is required (in other terms. Performed contract, study, industry records, and or land plat).

Finalize your loan procedure by coordinating a closing date and time together with your chosen name company being willing to spend the advance payment and all the costs to shut.


The land must to be eligible for VLB financing

  • Be wholly in the continuing state of Texas.
  • Include a minumum of one acre, excluding any part beneath a passionate general public roadway or navigable waterway or susceptible to frequent inundation or elsewhere unusable.
  • Have actually appropriate, usable usage of a general public road. Access needs to be no less than 60 foot wide or meet with the county road that is public requirements, whichever is greater. “Usable” ensures that it may be driven on by a standard passenger automobile in poor weather.
  • Be precisely described by either an industry note description associated with tract aided by the surveyor’s official seal and signature (original or content) or a complete content regarding 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 partner in the past 3 years.
  • All trash/debris, tires or structures that are dilapidated be eliminated ahead of closing.

No value will be provided with to virtually any improvements on tracts. Multiple, contiguous tracts could be combined under one instrument that is financing each share is certainly not lower than 60 linear foot of typical boundary or tracts are right beside the other person and divided solely because of the real width of this general general general public right of method.


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