The VLB Veterans Land Loan Program could be the just one of the type when you look at the country, giving Texas Veterans and Military Members the possibility to borrow as much as $150,000 to get land at competitive rates of interest while typically requiring the absolute minimum five per cent advance payment for tracts of just one acre or even more.
This program is simple to utilize and provides Texas Veterans and Military members financing that is exclusive the purchase of one’s own bit of Texas. The bonds used to finance this program are resigned from loan repayments therefore the price of administering this system is financed by way of a little cost charged for each loan.
The Land Loan Process
- Prepare Yourself
- Get Prequalified
- Find Your Land
- Finish the desired Documentation
- Finalizing the method
The mortgage quantity is dependant on credit approval. Get made by reviewing your credit. Gather your earnings information and stay willing to offer your loan processor together with your latest pay stubs to help out with determining your creditworthiness.
Once you’ve collected your revenue 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 demands. You can even look for land provided through our Land product product product Sales.
Finish the processing of the land loan by going back all needed loan paperwork (in other words. performed agreement, study, industry records, as well as land plat).
Finalize your loan process by coordinating a closing time and date along with your chosen name business being ready to spend the deposit and all the expenses to shut.