07 Ago This program is not hard to utilize and provides Texas Veterans and Military users exclusive financing towards the acquisition of one’s own bit of Texas.
The VLB Veterans Land Loan Program could be the just one of their sort when you look at the country, providing Texas Veterans and Military Members the possibility to borrow around $150,000 to acquire land at competitive interest levels while typically requiring the absolute minimum five percent deposit for tracts of just one acre or even more.
This system is not difficult to use and provides Texas Veterans and Military users exclusive financing towards the acquisition of one's own bit of Texas. The bonds utilized to finance this program are resigned from loan repayments additionally the price of administering this program is financed through a fee that is small for each loan.
LAND LOAN FINANCING
Land Loans – Veteran/Military rate of interest 7.25percent
VLB provides financing on tracts as much as $150,000 with the absolute minimum five % advance payment and a fixed-rate loan term that is 30-year. The five per cent advance payment is susceptible to credit approval.
A $325 assessment and agreement solution charge arrives in the time of application. There isn't any pre-payment penalty.
You wish to purchase, consider the following options if you have not already identified the land: