Texas veterans and military members may use the vlb land loan to purchase these tracts or any other non commercial tract in texas that is one acre or.
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The texas veterans land board provides low interest loans to veterans and military members in texas.
Land for sale veterans only a veteran or military member whose bid is accepted may apply for a vlb land loan at a 7 25 percent interest rate with a 30 year term and a minimum five percent down payment.
Land that isn t sold during these sales is made available for public purchase.
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The texas veterans land board makes tracts of land available for texas veterans and military members to bid on in our quarterly land sales held every january april july and october cancelled.
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The vlb is proud to serve those who have served our country.
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Texas veterans and military members can borrow up to 150 000 to purchase land atcompetitive interest rates with a minimum five percent down payment for tracts of one acre or more credit approval required.
Spurred by returning world war ii veterans the legislature established the texas veterans land board vlb in 1946 to continue this tradition by providing texas veterans with long term low interest land loans.
In the early days of the republic texas gave its veterans land in recognition of their military service.
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The texas veterans land board then makes these tracts of land available for other texas veterans to bid on in our forfeited land sales that are held every january april july and october.
In 1946 the texas veterans land board vlb was established to administer benefits exclusively for texas veterans.
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Land loans the vlb veterans land loan program is the only one of its kind in the nation giving texas veterans and military members the opportunity to borrow money to purchase land at favorable interest rates and terms while only requiring a.
