This program is simple to utilize and provides Texas Veterans and Military members financing that is exclusive the purchase of these very own little bit of Texas.

The VLB Veterans Land Loan Program could be the just one of its sort when you look at the nation, providing Texas Veterans and Military Members the possibility to borrow around $150,000 to get land at competitive interest levels while typically requiring the absolute minimum five per cent deposit for tracts of just one acre or higher.

This system is not difficult to utilize and provides Texas Veterans and Military people exclusive financing towards the purchase of one’s own bit of Texas. The bonds used to finance this system are resigned from loan repayments in addition to price of administering this program is financed through a fee that is small for each loan.


Land Loans – Veteran/Military rate of interest 7.25%

VLB provides financing on tracts as much as $150,000 with the very least five per cent advance payment and a fixed-rate 30-year loan term. The five per cent advance payment is at the mercy of credit approval.

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

When you yourself have not already identified the land you want to buy, consider listed here options:

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

When a Veteran, or his / her successor, has effectively 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.



The VLB’s severance policy permits Veterans and members that are military get yourself a charge name to a percentage of the VLB tract. Such partial resale needs are often during the single discernment of this VLB and subject to greater valuation pricing and stricter tips than severances for a house web site. It’s also 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 regional ordinances regulating such “subdivision. ” If any law that is such ordinance imposes a state of being which is much more restrictive compared to 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 grant a severance.

4 – 19 acres: A severance is achievable. The severance should be at least one acre or even the minimum size needed by county and regulations that are local whichever is bigger. A partial launch must enable enough space for the home, septic system and water well (where relevant), most of which must fit completely in the boundaries regarding the release that is partial. 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 get for unique loans. Presumption types should be required because of the account owner and certainly will simply be mailed into the account owner. VLB land loans could be assumed after 36 months.


To qualify for VLB programs, Veterans, army people and their partners must certanly 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 service that is following:
    • An duty that is active Member.
    • An associate associated with Texas National Guard.
    • A reserve component Military Member having finished 20 years that are qualifying your retirement.
    • A Veteran having offered at the very least 90 active responsibility times unless released sooner because of a service-connected impairment rather than released dishonorably.
    • A surviving partner of the Veteran listed as missing for action or whoever death had been solution linked.

The Land Loan Process

The mortgage amount is dependant on credit approval. Get served by reviewing your credit. Gather your revenue information and be willing to offer your loan processor together with your newest pay stubs to help out with determining your creditworthiness.

Once you’ve gathered your earnings information and reviewed your credit, begin the online application process for loan approval.

Analysis tracts of land easily obtainable in Texas that meet up with the VLB land loan needs. You can even look for land provided through our Land product product Sales.

Finish the processing of the land loan by going back all loan that is required (for example. Performed agreement, survey, industry records, and or land plat).

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


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

  • Be wholly inside the state of Texas.
  • Include a minumum of one acre, excluding any part beneath a passionate general public roadway or navigable waterway or susceptible to frequent inundation or perhaps unusable.
  • Have actually appropriate, usable use of a road that is public. Access must certanly be no less than 60 legs wide or meet with the county road that is public demands, whichever is greater. “Usable” ensures that it may be driven on with a standard passenger automobile in bad weather.
  • Be precisely described by either an industry note description regarding the tract utilizing the surveyor’s official seal and signature (original or content) or perhaps a copy that is complete of 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 36 months.
  • All trash/debris, tires or structures that are dilapidated be eliminated ahead of closing.

No value shall get to virtually any improvements on tracts. Several, contiguous tracts could 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 by the real width regarding the general general general public right of method.