This system is effortless to utilize and provides Texas Veterans and Military members financing that is exclusive the acquisition of one’s own little bit of Texas.

The VLB Veterans Land Loan Program may be the only 1 of its sort within 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 at least five percent deposit for tracts of 1 acre or maybe more.

This program is not hard to use and provides Texas Veterans and Military members financing that is exclusive the acquisition of one’s own bit of Texas. The bonds utilized to invest in this program are resigned from loan repayments therefore the price of administering this program is financed through a fee that is small for each loan.


Land Loans – Veteran/Military rate of interest 7.25percent

VLB provides financing on tracts up to $150,000 with the absolute minimum five per cent advance payment and a fixed-rate 30-year loan term. The five per cent advance payment is susceptible to credit approval.

A $325 assessment and agreement solution charge is born during the time of application. There is absolutely no penalty that is pre-payment.

When you have maybe not already identified the land you intend to buy, consider the next options:

  • View VLB land on the market open to the general public
  • Go to a house search site that lists land easily obtainable in Texas
  • Phone VLB at 800-252-8387

When a Veteran, or their successor, has effectively paid a VLB land loan s/he may submit an application for another VLB land loan. The exact same pertains to our house and do it yourself loan programs.



The VLB’s severance policy permits Veterans and armed forces people to have a charge name to a percentage of these VLB tract. Such resale that is partial are often during the sole discernment regarding the VLB and subject to greater valuation pricing and stricter instructions than severances for a house web web site. Additionally it is the insurance policy associated with the 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 law that is such ordinance imposes a condition 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 significantly less than 3 acres: The VLB will likely not give a severance.

4 – 19 acres: A severance can be done. The severance should be at least one acre or the minimum size needed by county and neighborhood laws, whichever is larger. A partial launch must allow adequate space when it comes to household, septic system and water well (where applicable), most of which must fit completely in the boundaries regarding the release that is partial. Note: Before hiring a surveyor, please contact our servicer.


For information concerning presumptions (also referred to as transfers), contact our servicer, DMI, at 1-866-654-6345 and get for unique loans. Presumption kinds should be required because of the account owner and can simply be mailed towards the account owner. VLB land loans can be thought after 36 months.


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 service that is following:
    • An active responsibility Military Member.
    • An associate for the Texas National Guard.
    • A book component Military Member having completed 20 qualifying years for your your retirement.
    • A Veteran having offered at the least 90 duty that is active unless released sooner because of a service-connected impairment rather than discharged dishonorably.
    • A surviving partner of a Veteran listed as missing for action or whoever death had been solution linked.

The Land Loan Process

The mortgage quantity is dependent on credit approval. Get made by reviewing your credit. Gather your revenue information and stay ready to offer your loan processor along with your newest pay stubs to help in 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. You may also go shopping for land provided through our Land product product Sales.

Finish the processing of one’s land loan by going back all needed loan documents (in other words. Performed agreement, study, industry records, as well as land plat).

Finalize your loan procedure by coordinating a closing date and time with your chosen name company being ready to pay the payment that is down all the expenses to shut.


The land must to be eligible for VLB financing

  • Be wholly inside the continuing state of loanmart loans title loans Texas.
  • Include one or more 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 use of a general public road. Access should be no less than 60 foot wide or meet up with the county public road width demands, whichever is greater. “Usable” ensures that it could be driven on with a standard passenger automobile in bad weather.
  • Be precisely described by either an industry note description associated with tract utilizing the surveyor’s official seal and signature (original or content) or a copy that is complete of recorded subdivision plat in the event that description is through lot & block.
  • Never be zoned strictly for commercial use.
  • N’t have been owned by you or your partner in the past 3 years.
  • All trash/debris, tires or dilapidated structures must be eliminated just before closing.

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

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