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 acquiring financing through the Texas Veterans Land Board (VLB)? Special VLB loans can make landownership uniquely affordable for Texas veterans. But they’re not offered to every person or on every little bit of land. It is necessary for veterans to learn the requirements to be eligible for Texas land loans before you apply. This can assist guarantee they could get authorized or become conscious of the actions they have to just take to have there.

VLB Land Loan Demands

  1. Location—VLB land loans are just for properties in the continuing state of Texas.
  2. Down payment—Only 5% is necessary as a deposit. This is actually the lowest advance payment of any veteran loan system when you look at the state.
  3. Property size—VLB land loans are for properties with a minimum of one acre.
  4. Optimum land value—The homesite can’t be valued tend to be more than $125,000.
  5. Army involvement—Loans are intended for “bona fide” residents of Texas who possess offered in every associated with United States’ five branches that are military Army, Navy, Air Force, Marines, or National Guard. “6 Requirements for Veterans to be eligible for Texas Land Loans” の続きを読む