This program is simple to utilize and provides Texas Veterans and Military members financing that is exclusive the purchase of the very own bit of Texas.

This program is simple to utilize and provides Texas Veterans and Military members financing that is exclusive the purchase of the very own bit of Texas.

The VLB Veterans Land Loan Program could be the only 1 of its sort when you look at 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 per cent advance payment for tracts of just one acre or maybe more.

This program is simple to utilize and provides Texas Veterans and Military users exclusive financing towards the purchase of these very own little bit of Texas. The bonds utilized to finance this program are resigned from loan repayments and also the 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 the very least five % 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 solution charge is born during the right period of application. There’s no penalty that is pre-payment.

For those who have maybe not currently identified the land you want to buy, consider listed here options:

  • View VLB land on the market offered to people
  • See a property search site that lists land easily obtainable 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 exact same relates to our house and do it yourself loan programs.



The VLB’s severance policy permits Veterans and members that are military get a cost title to a percentage of the VLB tract. Such resale that is partial will always during the single discernment of this VLB and topic to greater valuation pricing and stricter tips than severances for a property web site. Additionally it is the insurance policy regarding the VLB that any ask for severance represents a request to “subdivide” the current tract. Consequently, all severances should be in conformity with state rules and county and regional ordinances regulating such “subdivision. ” If any such legislation or ordinance imposes a state of being which is much more restrictive compared to the policy or procedure included herein, what the law states or ordinance will get a grip on.

Tracts lower than 3 acres: The VLB will perhaps not give a severance.

4 – 19 acres: A severance can be done. The severance should be at least one acre or even 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 totally in the boundaries associated with release that is partial. Note: Before employing a surveyor, please contact our servicer.


For information concerning presumptions (also referred to as transfers), online payday AL contact our servicer, DMI, at 1-866-654-6345 and request special loans. Assumption kinds needs to 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.


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 after solution requirements:
    • An duty that is active Member.
    • An associate for the Texas National Guard.
    • A book component Military Member having finished 20 years that are qualifying 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 for action or whoever death had been solution connected.

The Land Loan Process

The mortgage quantity will be based upon credit approval. Get made by reviewing your credit. Gather your earnings information and stay willing to offer your loan processor together with your newest pay stubs to help in determining your creditworthiness.

After you have collected your earnings 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 demands. You can search for land provided through our Land product Sales.

Complete the processing of one’s land loan by going back all needed loan documents (for example. Performed agreement, study, industry records, as well as land plat).

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


To be entitled to VLB funding, the land must:

  • Be wholly in the state of Texas.
  • Include one or more acre, excluding any part beneath a passionate general public roadway or navigable waterway or at the mercy of frequent inundation or else unusable.
  • Have actually appropriate, usable usage of a general public road. Access needs to be at the least 60 legs wide or meet up with the county road that is public demands, whichever is greater. “Usable” means it could be driven on by way of a standard passenger automobile in poor weather.
  • Be precisely described by either an industry note description of this tract using the surveyor’s official seal and signature (original or content) or even a complete content associated with 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 structures that are dilapidated be eliminated ahead of closing.

No value will get to virtually any improvements on tracts. Several, contiguous tracts can be combined under one instrument that is financing each share is maybe not lower than 60 linear foot of typical boundary or tracts are next to each other and divided entirely by the real width associated with the general general public right of method.

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