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6 demands for Veterans to be eligible for Texas Land Loans

6 demands for Veterans to be eligible for Texas Land Loans

Find the finest in Hill Country residing

Thinking about buying Texas land and acquiring that loan through the Texas Veterans Land Board (VLB)? Special VLB loans can uniquely make landownership affordable for Texas veterans. But they’re maybe maybe not accessible to everybody else or on every little bit of land. It is important for veterans to learn certain requirements to be eligible for Texas land loans before you apply. This may assist make sure they could get approved or become alert to the actions they have to there take to get.

VLB Land Loan Needs

  1. Location—VLB land loans are merely for properties when you look at the state of Texas.
  2. Down payment—Only 5% is needed being a deposit. Here is the lowest advance payment of any veteran loan program when you look at the state.
  3. Home size—VLB land loans are for properties with a minimum of one acre.
  4. Optimum land value—The homesite can not be valued tend to be more than $125,000.
  5. Military involvement—Loans are intended for “bona fide” residents of Texas that have served in every associated with the United States’ five army branches: Army, Navy, Air Force, Marines, or National Guard. (mais…)

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