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

The VLB Veterans L..

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

The VLB Veterans Land Loan Program could be the only 1 of its type within the country, providing Texas Veterans and Military Members the possibility to borrow around $150,000 to shop for land at competitive interest levels while typically requiring the very least five per cent advance payment for tracts of just one acre or even more.

This system is simple to utilize and provides Texas Veterans and Military members financing that is exclusive the acquisition of one’s own bit of Texas. The bonds utilized to finance this program are resigned from loan repayments and also the price of administering this system is financed via a little charge charged for each loan.


Land Loans – Veteran/Military interest 7.25%

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 cost arrives in the right period of application. There’s no penalty that is pre-payment.

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

  • View VLB land on the market open to people
  • Check out a house search internet site that lists land accessible in Texas
  • Call VLB at 800-252-8387

As soon as 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 army Members to have a cost name to a percentage of the VLB tract. Such partial resale needs will always in the single discernment associated with the VLB and topic to greater valuation pricing and stricter directions than severances for a property web web site. Additionally it is the insurance policy associated with the VLB that any ask for severance represents a request to “subdivide” the current tract. Consequently, all severances should be in conformity with state legislation and county and regional ordinances regulating any such “subdivision. ” If any law that is such ordinance imposes a condition which is more restrictive compared to the policy or procedure included herein, what the law states or ordinance will get a grip on.

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

4 – 19 acres: A severance is achievable. The severance must certanly be at least one acre or perhaps the minimum size needed by county and regulations that are local whichever is bigger. A partial release must allow adequate space for the home, septic system and water well (where relevant), all of these must fit totally inside the boundaries regarding the release that is partial. Note: Before employing a surveyor, please contact our servicer.


For information concerning assumptions (also called transfers), contact our servicer, DMI, at 1-866-654-6345 and request unique loans. Assumption kinds should be required by the account owner and can simply be mailed into the account holder. VLB land loans can be thought after 3 years.


To qualify for VLB programs, Veterans, armed forces people and their partners must certanly be:

  • At the very least 18 years old.
  • A bona fide and appropriate resident of Texas from the date of application and meet oneof the after solution requirements:
    • An active responsibility Military Member.
    • An associate of this 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 responsibility times unless released sooner because of a service-connected impairment rather than released dishonorably.
    • A spouse that is surviving of Veteran listed as missing doing his thing or whoever death had been solution linked.

The Land Loan Process

The mortgage quantity is founded on credit approval. Get made by reviewing your credit. Gather your earnings information and stay willing to offer your loan processor along with your newest pay stubs to help in 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 go shopping for land provided through our Land product Sales.

Finish the processing of the land loan by going back all loan that is required (in other words. Performed agreement, study, industry records, as well as land plat).

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


The land must to be eligible for VLB financing

  • Be wholly inside the continuing state of Texas.
  • Include a minumum of one acre, excluding any portion beneath a separate general public roadway or navigable waterway or at the mercy of frequent inundation or else unusable.
  • Have actually appropriate, usable usage of a road that is public. Access should be a the least 60 legs wide or meet with the county public road width demands, whichever is greater. “Usable” ensures that it may be driven on by way of a standard passenger automobile in poor weather.
  • Be precisely described by either a industry note description associated with the tract using the surveyor’s official seal and signature (original or content) or even a complete content regarding the 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 better half in the past 36 months.
  • All trash/debris, tires or structures that are dilapidated be eliminated ahead of closing.

No value will be provided with to your improvements on tracts. Several, contiguous tracts might be combined under one financing instrument provided each share is certainly not lower than 60 linear foot of typical boundary or tracts are next to the other person and divided solely by the real width associated with the general public right of method.

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