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6 Requirements for Veterans to be eligible for Texas Land Loans

6 Requirements for Veterans to be eligible for Texas Land Loans

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Thinking about buying Texas land and getting that loan from the Texas Veterans Land Board (VLB)? Special VLB loans can uniquely make landownership affordable for Texas veterans. But they’re maybe not open to everybody or on every little bit of land. It is necessary for veterans to learn what’s needed to be eligible for Texas land loans before using. This can help make sure they are able to get authorized or become alert to the actions they must simply take to have there.

VLB Land Loan Demands

  1. Location—VLB land loans are merely for properties within the state of Texas.
  2. Down payment—Only 5% is necessary as being a payment that is down. This is basically the lowest advance payment of any veteran loan system within the state.
  3. Home size—VLB land loans are for properties of at the very least one acre. Continue reading