The VLB Veterans Land Loan Program may be the only 1 of its type within the country, providing Texas Veterans and Military Members the possibility to borrow as much as $150,000 to get land at competitive interest levels while typically requiring the very least five per cent advance payment for tracts of 1 acre or even more.
This system is not hard to utilize and provides Texas Veterans and Military members financing that is exclusive the acquisition of these very own bit of Texas. The bonds utilized to invest in this system are retired from loan repayments plus the price of administering this system is financed via 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 at least five per cent advance payment and a fixed-rate loan term that is 30-year. The five % advance payment is at the mercy of credit approval.
A $325 appraisal and contract service cost is born during the time of application. There’s absolutely no penalty that is pre-payment.
When you yourself have perhaps not currently identified the land you want to buy, consider the next options: