December 22, 2020

Let me make it clear more about Land Loans

Let me make it clear more about Land Loans

The VLB Veterans Land Loan Program could be the just one of its type into the country, providing Texas Veterans and Military Members the possibility to borrow as much as $150,000 to buy land at competitive rates of interest while typically requiring the very least five per cent advance payment for tracts of just one acre or maybe more.

This program is simple to utilize and offers Texas Veterans and Military members financing that is exclusive the purchase of one’s own bit of Texas. The bonds used to invest in this system are resigned from loan repayments together with price of administering this system is financed through a tiny charge charged for each loan.

The Land Loan Process

  • Prepare Yourself
  • Get Prequalified
  • Find Your Land
  • Finish the necessary Paperwork
  • Finalizing the method

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 latest pay stubs to help out with determining your creditworthiness.

After you have collected your earnings 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 needs. You may also search for land provided through our Land product Sales.

Finish the processing of the land loan by coming back all loan that is required (for example. performed agreement, study, industry records, as well as land plat).

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


To qualify for VLB loan programs, Veterans and members that are military be:

  • At the least 18 years.
  • A bona fide and appropriate resident of Texas regarding the date of application and meet oneof the after solution requirements:
    • An duty that is active Member.
    • A part regarding 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 very least 90 active responsibility times unless released sooner as a result of a service-connected impairment rather than released dishonorably.
    • A spouse that is surviving of Veteran listed as missing for action or whoever death ended up being solution linked.


To be entitled to VLB funding, the land must:

  • Be wholly inside the continuing state of Texas.
  • Include a minumum of one acre, excluding any part beneath a separate public roadway or navigable waterway or susceptible to frequent inundation or else unusable.
  • Have actually appropriate, usable usage of a general public road. Access needs to be a minimum of 60 legs wide or meet up with the county public road width demands, whichever is greater. “Usable” ensures that it could be driven on by way of a standard passenger automobile in poor weather.
  • Be correctly described by either an industry note description associated with the tract with all 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 great deal & block.
  • Never be zoned strictly for commercial usage.
  • 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 shall get to virtually any improvements on tracts. Several, contiguous tracts are combined under one instrument that is financing each share is certainly not lower than 60 linear foot of typical boundary or tracts are next to the other person and divided entirely because of the real width associated with the general general public right of means.


Land Loans – Veteran/Military rate of interest 7.25percent

VLB provides financing on tracts as much as $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 at the mercy of credit approval.

A $325 assessment and agreement solution charge arrives in the period of application. There’s absolutely no penalty that is pre-payment.

For those who have maybe not currently identified the land you want to purchase, consider the next options:

  • View VLB land obtainable accessible to the general public
  • See a house search web site that lists land accessible in Texas
  • Call VLB

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 exact same pertains to our house and do it yourself loan programs.


To mail the VLB Loan Servicing Company:

Texas Veterans Land Board (via DMI) 1 Corporate DriveSuite 360 Lake Zurich,

Take note, when you yourself have difficulties with the processing of your loan payment, you can easily phone our VLB Call Center at 800-252-8387 or e-mail us at so we makes it possible to resolve the problem. Our company is right right here to last!


The VLB’s severance policy enables Veterans and members that are military get yourself a charge name to a percentage of these VLB tract. Such partial resale needs will always during the single discernment of this VLB and topic to greater valuation pricing and stricter directions than severances for a house web web site. Additionally it is the insurance policy regarding 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 condition which is much more restrictive compared to policy or procedure included herein, what the law states or ordinance will get a handle on.

Tracts not as much as 3 acres: The VLB will maybe not give a severance.

4 – 19 acres: A severance can be done. The severance should be no less than one acre or perhaps the minimum size required by county and regional laws, whichever is bigger. A partial release must enable enough space when it comes to household, septic system and water well (where relevant), all of these must fit totally in the boundaries associated with 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 and request unique loans. Presumption kinds needs to be required because of the account owner and can simply be mailed into the account holder. VLB land loans can be thought after 3 years.

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