The VLB Veterans Land Loan Program could 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 rates of interest while typically requiring at least five per cent advance payment for tracts of 1 acre or even more.

This system is not hard to utilize and provides Texas Veterans and Military users exclusive financing towards the acquisition of the very own little bit of Texas. The bonds utilized to finance this system are resigned from loan repayments while the price of administering this system is financed via a fee that is small for each loan.

LAND LOAN FINANCING

Land Loans – Veteran/Military interest 7.25percent

VLB provides financing on tracts as much as $150,000 with the very least five percent 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 assessment and agreement service cost flow from during the time of application. There’s absolutely no pre-payment penalty.