VLB Land Loan Requirements . Location-VLB land loans are only for properties in the state of Texas. Down payment-Only 5% is required as a down payment. This is the lowest down payment of any veteran loan program in the state. Property size-VLB land loans are for properties of at least one acre. Maximum land value-The homesite cannot be.
Types of Home Loans Extraco Mortgage offers to consumers.. Texas Veteran Land Board Loans. In 1983, the Legistlature created the VLB Veterans Housing.
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The texas veterans land board Program. The first VA program is commonly referred to as a Texas Vet Loan. This loan program is sponsored by the Texas Veterans Land Board, or Veterans Land Board (VLB) for short. The VLB is underwritten to the same guidelines as a VA Guaranteed Loan.
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Properties of Texas Veterans Land Board with Texas Veterans Land Board in Austin, TX. Visit Our Website: www.glo.texas.gov/vlb/veterans-benefits/
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The loan amount by Texas Veterans Land Board warrant. If applicable, any amount in excess of the above two (difference money) with certified funds from the veteran. Request a land application by calling toll free 1-800-252-8387 (vets).
The VLB Land Loan Program is the only one of its kind in the nation, giving texas veterans, military members and their spouses the opportunity to borrow up to $150,000 for land purchases in Texas that are one acre or more.
The Tex Vet loan is not a separate loan program, but one that can be used with a VA loan, or any other qualifying loan type like FHA or Conventional. The Tex Vet loan rate is set by the Texas Veterans Land Board, while VA loan rates are set by lenders in compliance with VA guidelines.
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