The VLB Veterans Land Loan Program may be the just one of the type within the country, providing Texas Veterans and Military Members the possibility to borrow around $150,000 to get land at competitive interest levels while typically requiring the very least five per cent advance payment for tracts of 1 acre or even more.
This program is not hard to utilize and provides Texas Veterans and Military users exclusive financing towards the acquisition of one’s own bit of Texas. The bonds utilized to invest in this system are retired from loan repayments additionally the price of administering this program is financed by way of a tiny cost charged on each loan.
LAND LOAN FINANCING
Land Loans – Veteran/Military interest 7.25%
VLB provides financing on tracts as much as $150,000 with at least five % advance payment and a fixed-rate loan term that is 30-year. The five % advance payment is at the mercy of credit approval.
A $325 assessment and agreement solution cost arrives in the right period of application. There is absolutely no penalty that is pre-payment.
You wish to purchase, consider the following options if you have not already identified the land: