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Giuseppe Mastroianni

Land Loans: getting a farm loan without any advance payment

Land Loans: getting a farm loan without any advance payment

The VLB Veterans Land Loan Program may be the just one of the type into the country, providing Texas Veterans and Military Members the possibility to borrow as much as $150,000 to shop for land at competitive interest levels while typically requiring at least five per cent advance payment for tracts of just one acre or higher.

This program is not difficult to utilize and provides Texas Veterans and Military people exclusive financing towards the acquisition of these very own little bit of Texas. The bonds utilized to invest in this system are retired from loan repayments together with price of administering this program is financed via a fee that is small for each loan.


Land Loans – Veteran/Military rate of interest 7.25percent

VLB provides financing on tracts as much as $150,000 with the absolute minimum five per cent 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 appraisal and agreement solution cost is born in the period of application. There’s absolutely no penalty that is pre-payment.

For those who have perhaps not currently identified the land you intend to buy, consider the next options:

  • View VLB land on the market offered to the general public
  • Go to a house search internet site that lists land accessible in Texas
  • Call VLB at 800-252-8387

As soon as a Veteran, or his / her successor, has effectively paid down a VLB land loan s/he may submit an application for another VLB land loan. The applies that are same our house and do it yourself loan programs.


To mail the VLB Loan Servicing Company:

Texas Veterans Land Board (via DMI) 1 DriveSuite that is corporate 360 Zurich, IL. 60047-8945

Please be aware, when you yourself have issues with the processing of one’s loan payment, you are able to call our VLB Call Center at 800-252-8387 or e-mail us at vlbinfo@glo. And you can be helped by us resolve the matter. We’re right here to last!


The VLB’s severance policy enables Veterans and armed forces people to have a cost name to a percentage of these VLB tract. Such partial resale needs will always during the single discernment associated with the VLB and subject to greater valuation pricing and stricter instructions than severances for a property web web site. It’s also the insurance policy regarding the VLB that any ask for severance represents a request to “subdivide” the tract that is existing. Consequently, all severances should be in conformity with state rules and county and regional ordinances regulating such “subdivision. ” If any such legislation or ordinance imposes a condition which is more restrictive compared to policy or procedure contained herein, regulations or ordinance will get a handle on.

Tracts not as much as 3 acres: The VLB will perhaps not give a severance.

4 – 19 acres: A severance is achievable. The severance should be a the least one acre or even the minimum size required by county and regional laws, whichever is bigger. A partial launch must enable adequate space when it comes to household, septic system and water massachusetts installment loan consolidation well (where relevant), all of which must fit totally inside the boundaries associated with the partial launch. Note: Before hiring a surveyor, please contact our servicer.


For information concerning assumptions (also referred to as transfers), contact our servicer, DMI, at 1-866-654-6345 and get for unique loans. Presumption types should be required because of the account owner and certainly will simply be mailed to your account owner. VLB land loans might be thought after 3 years.


To qualify for VLB programs, Veterans, armed forces people and their partners needs to be:

  • At the least 18 years old.
  • A bona fide and legal resident of Texas in the date of application and meet oneof the after service requirements:
    • An duty that is active Member.
    • An associate associated with Texas National Guard.
    • A book component Military Member having finished 20 years that are qualifying your your your retirement.
    • A Veteran having served at the very least 90 duty that is active unless discharged sooner because of a service-connected impairment rather than released dishonorably.
    • A spouse that is surviving of Veteran listed as missing for action or whose death had been solution linked.

Military Service Documents

  • Military Service RecordsVisit the National Archives to request your army solution documents online, by mail, or by fax. Documents consist of DD214/separation papers, workers documents and records that are medical.
  • Army Record Request – Standard kind 180 (SF-180)Request your armed forces record utilising the nationwide Archives Standard Form 180 (SF-180).

The Land Loan Process

The mortgage quantity will be based upon credit approval. Get served by reviewing your credit. Gather your revenue information and stay ready to offer your loan processor together with your latest pay stubs to help in determining your creditworthiness.

After you have collected your earnings information and reviewed your credit, begin the application that is online for loan approval.

Analysis tracts of land accessible in Texas that meet up with the VLB land loan demands. You could search for land offered through our Land product Sales.

Finish the processing of one’s land loan by returning all necessary loan documents (for example. Performed agreement, study, industry records, and or land plat).

Finalize your loan procedure by coordinating a closing date and time along with your chosen name business being willing to spend the payment that is down all the expenses to shut.


To be qualified to receive VLB funding, the land must:

  • Be wholly in the continuing state of Texas.
  • Include a minumum of one acre, excluding any part beneath a passionate public roadway or navigable waterway or susceptible to frequent inundation or perhaps unusable.
  • Have actually appropriate, usable use of a road that is public. Access needs to be at the least 60 legs wide or meet up with the county road that is public demands, whichever is greater. “Usable” means it may be driven on by way of a standard passenger car in bad weather.
  • Be correctly described by either a field note description for the tract because of the surveyor’s official seal and signature (original or content) or perhaps a copy that is complete of recorded subdivision plat in the event that description is through great deal & block.
  • Never be zoned strictly for commercial usage.
  • N’t have been owned by you or your partner in the past 36 months.
  • All trash/debris, tires or dilapidated structures must be eliminated just before closing.

No value will be provided with to virtually any improvements on tracts. Several, contiguous tracts could be combined under one instrument that is financing each share is certainly not lower than 60 linear foot of typical boundary or tracts are adjacent to the other person and divided entirely because of the real width for the general public right of means.

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