The VLB Veterans Land Loan Program may be the only 1 of its type when you look at the country, giving Texas Veterans and Military Members the possibility to borrow as much as $150,000 to shop for land at competitive rates of interest while typically requiring at least five percent advance payment for tracts of just one acre or even more.
This program is simple to utilize and provides Texas Veterans and Military members financing that is exclusive the purchase of the own little bit of Texas. The bonds utilized to invest in this program are resigned from loan repayments together with price of administering this program is financed by way of a fee that is small for each loan.
LAND LOAN FINANCING
Land Loans – Veteran/Military rate of interest 7.25percent
VLB provides financing on tracts as much as $150,000 with at least five per cent deposit 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 flow from in the right period of application. There’s absolutely no penalty that is pre-payment.
You wish to purchase, consider the following options if you have not already identified the land:
- View VLB land on the market offered to the general public
- See a house search web site that lists land accessible in Texas
- Phone VLB at 800-252-8387
As soon as a Veteran, or his / her successor, has effectively paid a VLB land loan s/he may submit an application for another VLB land loan. (more…)