The Benefits of a Texas Vet Loan

The Veterans Land Board has a unique, one-of-a-kind program for Texas veterans. Texas veterans can purchase land via the VLB Veterans Land Loan Program. There are no other programs like it in the United States. Therefore, if you are a Texas veteran, you have an amazing opportunity to purchase land at a competitive rate. As a Texas veteran, you can borrow up to $150,000 to purchase land. However, if you are buying land, you will need to put down a minimum of 5% of the total purchase price for the loan. In addition, you must agree to a 30-year fixed rate loan.

Texas Land Requirements

What are the requirements for the land that you wish to purchase? The land must not extend past the border of Texas into any other state or into Mexico. In addition, the land must be a one-acre tract or more. Another requirement is that you or your spouse can not have previously owned the land within the past three years. Lastly, the land must be accessible by a public road and not be zoned for commercial use.

Requirements for Texas Veterans

If you’ve found the perfect piece of land as a Texas vet, what requirements must you meet to be eligible for a Texas vet loan? To qualify for the program, both you and your spouse must be 18 years of age or older. You must be a military veteran who is a legal resident of the state of Texas.

Qualifications for Veterans

How do you qualify as a military veteran? You must either be an active member of the military or the Texas National Guard. However, if you are not an active member of the military, you can still receive the loan. As a reserve military veteran who completed 20 qualifying years for retirement, you can also be eligible for a Texas vet loan. In addition, you can be eligible for a Texas vet loan as a veteran who has served a minimum of 90 active days unless you were discharged earlier due to disability. For those disabled veterans or unmarried surviving spouses of a military veteran, you may also qualify for a Texas vet loan and are eligible for a special discount.

Contact Signature Lending Services Now

In conclusion, as a Texas vet who is looking to purchase land in the state of Texas, you are eligible for a one-of-a-kind opportunity to get a loan and a competitive rate. Check into a Texas vet loan when you find a piece of land you are interested in.

Securing a Texas veteran loan is not difficult. If you want expert advice to guide you through the process and help you have the most pleasant land-buying experience, contact Signature Lending Services. Signature Lending Services is an experienced industry leader. To get started with a Veterans Land Loan in Texas, call (214)-681-3540.

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