The VLB Veterans Land Loan Program may be the only 1 of its sort within the country, providing Texas Veterans and Military Members the possibility to borrow around $150,000 to acquire land at competitive rates of interest while typically requiring the very least five per cent advance payment for tracts of 1 acre or maybe more.
This program is not hard to utilize and provides Texas Veterans and Military members financing that is exclusive the purchase of one’s own little bit of Texas. The bonds utilized to finance this program are resigned from loan repayments as well as the price of administering this program is financed by way of a fee that is small on each loan.
LAND LOAN FINANCING
Land Loans – Veteran/Military rate of interest 7.25%
VLB provides financing on tracts as much as $150,000 with the very least five % advance payment and a fixed-rate 30-year loan term. The five % advance payment is susceptible to credit approval.
A $325 assessment and agreement solution fee is born in the time of application. There’s absolutely no penalty that is pre-payment.
When you yourself have maybe not currently identified the land you want to buy, consider listed here options:
- View VLB land on the market accessible to people
- Check out a house search site that lists land easily obtainable in Texas
- Phone VLB at 800-252-8387
When a Veteran, or their 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 home and do it yourself loan programs.
PRESENT ACCOUNT HOLDERS
To mail the VLB Loan Servicing Company:
Texas Veterans Land Board (via DMI) 1 DriveSuite that is corporate 360 Zurich, IL. 60047-8945
Please be aware, for those who have issues with the processing of one’s loan payment, you are able to phone our VLB Call Center at 800-252-8387 or e-mail us at vlbinfo@glo. Continua leyendo “Land Loans: ways to get a farm loan without any advance payment”