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

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

The VLB Veterans Land Loan Program could be the just one of their type when you look at the country, providing Texas Veterans and Military Members the possibility to borrow around $150,000 to shop for land at competitive rates of interest while typically requiring the absolute minimum five per cent advance payment for tracts of just one acre or even more.

This system is effortless to use and provides Texas Veterans and Military users exclusive financing towards the acquisition of the own little bit of Texas. The bonds utilized to finance this program are resigned from loan repayments together with price of administering this program is financed through a little charge charged for each loan.


Land Loans – Veteran/Military rate of interest 7.25%

VLB provides financing on tracts as much as $150,000 with the absolute minimum five % advance payment 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 flow from during the period of application. There’s absolutely no pre-payment penalty.

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

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

When a Veteran, or his / her 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 enables Veterans and members that are military get yourself a cost name to a percentage of the VLB tract. Such resale that is partial will always during the single discernment associated with the VLB and topic to greater valuation pricing and stricter directions than severances for a property web site. Additionally, it is the insurance policy for 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 legislation and county and neighborhood ordinances regulating any such “subdivision. ” If any law that is such ordinance imposes a state of being which is more restrictive compared to policy or procedure included herein, what the law states or ordinance will control.

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

4 – 19 acres: A severance is achievable. The severance needs to be at least one acre or the minimum size needed by county and neighborhood laws, whichever is bigger. A partial launch must enable adequate space when it comes to household, septic system and payday loans Texas water well (where relevant), all of these must fit totally in the boundaries associated with the partial launch. Note: Before employing 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 have for special loans. Presumption kinds needs to be required because of the account owner and can simply be mailed towards the account owner. VLB land loans might be thought after 36 months.


To qualify for VLB programs, Veterans, army people and their spouses should be:

  • At the very 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 active responsibility Military Member.
    • A part associated with the Texas National Guard.
    • A book component Military Member having finished 20 years that are qualifying your your retirement.
    • A Veteran having offered at the least 90 active duty times unless released sooner because of a service-connected impairment rather than discharged dishonorably.
    • A surviving spouse of the Veteran listed as missing for action or whoever death ended up being solution linked.

The Land Loan Process

The mortgage quantity is dependant on credit approval. Get served by reviewing your credit. Gather your revenue information and stay ready to offer your loan processor together with your latest pay stubs to help out with determining your creditworthiness.

After you have collected your revenue information and reviewed your credit, begin the application that is online for loan approval.

Analysis tracts of land easily obtainable in Texas that meet up with the VLB land loan demands. You may go shopping for land provided through our Land product Sales.

Complete the processing of one’s land loan by going back all loan that is required (in other words. Performed contract, study, industry records, as well as land plat).

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


To be qualified to receive VLB funding, the land must:

  • Be wholly in the state of Texas.
  • Include a minumum of one 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 access to a road that is public. Access must certanly be at the least 60 foot wide or meet with the county public road width demands, whichever is greater. “Usable” ensures that it could be driven on by way of a passenger that is standard in bad weather.
  • Be correctly described by either a industry note description of this tract aided by the surveyor’s official seal and signature (original or content) 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 in the past 3 years.
  • All trash/debris, tires or structures that are dilapidated be eliminated just before closing.

No value shall get to virtually any improvements on tracts. Several, contiguous tracts can be combined under one instrument that is financing each share is certainly not significantly less than 60 linear foot of typical boundary or tracts are next to the other person and divided entirely because of the real width of this general general public right of means.

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