Let me make it clear more about Land Loans

Let me make it clear more about Land Loans

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

This program is not difficult to utilize and provides Texas Veterans and Military members financing that is exclusive the purchase of these very own little bit of Texas. The bonds utilized to invest in this system are resigned from loan repayments as well as the cost of administering this system is financed via a tiny cost charged on each loan.

The Land Loan Process

  • Prepare Yourself
  • Get Prequalified
  • Find Your Land
  • Finish the desired Documents
  • Finalizing the procedure

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 out with determining your creditworthiness.

Once you’ve collected your revenue information and reviewed your credit, begin the online application procedure for loan approval.

Analysis tracts of land accessible in Texas that meet up with the VLB land loan needs. It is possible to search for land offered through our Land Sales.

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

Finalize your loan process by coordinating a closing date and time along with your selected name business 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 very least 18 years.
  • A bona fide and appropriate resident of Texas in the date of application and meet oneof the after service requirements:
    • An duty that is active Member.
    • An associate associated with Texas National Guard.
    • A book component Military Member having finished 20 qualifying years for your your your retirement.
    • A Veteran having offered at the least 90 active responsibility times unless released sooner because of a service-connected impairment rather than released dishonorably.
    • A spouse that is surviving of Veteran listed as missing for action or whose death ended up being solution linked.


To be entitled to VLB funding, the land must:

  • Be wholly inside the state of Texas.
  • Include a minumum of one acre, excluding any part beneath a separate roadway that is public navigable waterway or susceptible to frequent inundation or elsewhere unusable.
  • Have actually appropriate, usable use of a road that is public. Access needs to be no less than 60 foot wide or meet up with the county public road width demands, whichever is greater. “Usable” means it could be driven on by a standard passenger car in bad weather.
  • Be precisely described by either an industry note description regarding the tract using the surveyor’s official seal and signature (original or content) or perhaps a copy that is complete of recorded subdivision plat if the description is through great deal & block.
  • Never be zoned strictly for commercial usage.
  • Not need been owned by you or your better half in the past 3 years.
  • All trash/debris, tires or dilapidated structures must be eliminated ahead of closing.

No value shall be provided with to virtually any improvements on tracts. Several, contiguous tracts can be combined under one instrument that is financing each share is certainly not lower than 60 linear feet of typical boundary or tracts are right beside each other and divided entirely because of the real width associated with the general public right of method.


Land Loans – Veteran/Military rate of interest 7.25%

VLB provides financing on tracts as much as $150,000 with the very least five % advance payment and a fixed-rate 30-year loan term. The five % down payment is susceptible to credit approval.

A $325 assessment and agreement solution cost is born in the right time of application. There’s absolutely no pre-payment penalty.

When you yourself have perhaps not currently identified the land you want to buy, consider the next options:

  • View VLB land on the market offered to the general public
  • See a house search web site that lists land accessible in Texas
  • Call VLB

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 applies that are same our house and do it yourself loan programs.


To mail the VLB Loan Servicing Provider:

Texas Veterans Land Board (via DMI) 1 DriveSuite that is corporate 360 Zurich,

Please note, for those who have difficulties with the processing of the loan repayment, you are able to phone our VLB Call Center at 800-252-8387 or e-mail us at and we will allow you to resolve the matter. We have been right here to last!


The VLB’s severance policy permits Veterans payday loans online norfolk direct lenders and members that are military obtain a cost name to a percentage of these VLB tract. Such partial resale requests are often during the single discernment regarding the VLB and topic to greater valuation pricing and stricter directions than severances for a property web site. It’s also the insurance policy for the VLB that any ask for severance represents a request to “subdivide” the current tract. Consequently, all severances must certanly be in conformity with state guidelines and county and neighborhood ordinances regulating such “subdivision.” If any such law or ordinance imposes a condition which is more restrictive as compared to policy or procedure included herein, what the law states or ordinance will get a handle on.

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

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


For information concerning presumptions (also referred to as transfers), contact our servicer, DMI, at and have for unique loans. Presumption types should be required by the account owner and can only be mailed towards the account owner. VLB land loans can be thought after 36 months.

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