Without a doubt more about Land Loans

Without a doubt more about Land Loans

The VLB Veterans Land Loan Program may be the only 1 of its type into the country, providing 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 absolute minimum five per cent advance payment for tracts of just one acre or even more.

This program is not hard to utilize and offers Texas Veterans and Military users exclusive financing towards the purchase of one’s own little bit of Texas. The bonds utilized to invest in this system are resigned from loan repayments additionally the price of administering this system is financed by way of a fee that is small for each loan.

The Land Loan Process

  • Prepare Yourself
  • Get Prequalified
  • Find Your Land
  • Finish the necessary Documentation
  • Finalizing the procedure

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 together with your latest pay stubs to help in determining your creditworthiness.

After you have gathered your earnings information and reviewed your credit, begin the online application process for loan approval.

Analysis tracts of land accessible in Texas that meet up with the VLB land loan demands. You’ll be able to search for land offered through our Land product Sales.

Complete the processing of the land loan by coming back all loan that is required (in other terms. performed agreement, study, industry notes, and or land plat).

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


To qualify for VLB loan programs, Veterans and members that are military be:

  • At the least 18 years.
  • A bona fide and appropriate resident of Texas from the date of application and meet oneof the after solution requirements:
    • An active responsibility Military Member.
    • An associate associated with the Texas National Guard.
    • A book component Military Member having finished 20 qualifying years for your retirement.
    • A Veteran having offered at the least 90 active responsibility days unless released sooner because of 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 must to be eligible for VLB financing

  • Be wholly in the state of Texas.
  • Include a minumum of one acre, excluding any part beneath a separate general public roadway or navigable waterway or susceptible to frequent inundation or perhaps unusable.
  • Have actually appropriate, usable use of a road that is public. Access should be at the least 60 foot wide or meet with the county road that is public requirements, whichever is greater. “Usable” ensures that it may be driven on with a passenger that is standard in poor weather.
  • Be correctly described by either an industry note description regarding the tract because of the surveyor’s official seal and signature (original or copy) or perhaps a complete content associated with 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 within the past 3 years.
  • All trash/debris, tires or structures that are dilapidated be eliminated just before closing.

No value will be provided with to virtually any improvements on tracts. Several, contiguous tracts might 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 by the real width for the public right of method.


Land Loans – Veteran/Military Interest rate 7.25percent

VLB provides financing on tracts as much as $150,000 with the very least 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 contract solution cost is born in the right period of application. There isn’t any pre-payment penalty.

For those who 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
  • See a house search web site that lists land easily obtainable in Texas
  • Call VLB

As soon as 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 house and do it yourself loan programs.


To mail the VLB Loan Servicing Provider:

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

Please be aware, 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 here to last!


The VLB’s severance policy enables Veterans and army people to get yourself a charge name to a percentage of these VLB tract. Such resale that is partial will always in the single discernment for the VLB and topic to greater valuation pricing and stricter tips than severances for a house 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. Consequently, all severances should be in conformity with state guidelines and county and regional ordinances regulating such “subdivision.” If any such legislation or ordinance imposes a condition which is more restrictive compared to the policy or procedure included herein, what the law states or ordinance will get a grip on.

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

4 – 19 acres: A severance is achievable. The severance should be no less than one acre or perhaps the minimum size needed by county and regional laws, whichever is bigger. A partial launch must enable adequate room when it comes to home, septic system and water well (where relevant), each of which must fit completely inside the boundaries associated with the release that is partial. Note: Before employing a surveyor, please contact our servicer.


For information concerning presumptions (also referred to as transfers), contact our servicer, DMI, at and request unique loans. Presumption types needs to be required because of the account owner and can simply be mailed into the account owner. VLB land loans might be thought after 36 months.

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