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 could be the just one of its type within the country, providing Texas Veterans and Military Members the possibility to borrow around $150,000 to buy land at competitive interest levels while typically requiring the absolute minimum five per cent deposit for tracts of 1 acre or maybe more.

This system is simple to utilize and provides Texas Veterans and Military users exclusive financing towards the acquisition of these very own little bit of Texas. The bonds used to invest in this system are resigned from loan repayments in addition to price of administering this system is financed by way of a tiny charge charged for each loan.


Land Loans – Veteran/Military rate of interest 7.25percent

VLB provides financing on tracts as much as $150,000 with at least five % deposit and a fixed-rate 30-year loan term. The five % advance payment is at the mercy of credit approval.

A $325 assessment and agreement service cost is born during the right period of application. There’s absolutely no pre-payment penalty.

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

  • View VLB land obtainable open to the general public
  • Go to a house search web site that lists land accessible in Texas
  • Call VLB at 800-252-8387

As soon as a Veteran, or his / her successor, has successfully 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 Provider:

Texas Veterans Land Board (via DMI) 1 Corporate DriveSuite 360 Lake Zurich, IL. 60047-8945

Take note, at vlbinfo@glo. when you yourself have difficulties with the processing of the loan payment, it is possible to phone our VLB Call Center at 800-252-8387 or e-mail us And you can be helped by us resolve the problem. We have been right right here to last!


The VLB’s severance policy enables Veterans and army Members to have a cost name to a percentage of the VLB tract. Such partial resale needs are often at the single discernment for the VLB and topic to greater valuation pricing and stricter tips than severances for a property web site. Additionally, it is the insurance policy of this VLB that any ask for severance represents a request to “subdivide” the current tract. Therefore, all severances should be in conformity with state guidelines and county and neighborhood ordinances regulating such “subdivision. ” If any such legislation or ordinance imposes a condition which is much more restrictive compared to the policy or procedure included herein, regulations or ordinance will get a grip on.

Tracts lower than 3 acres: The VLB will maybe not give a severance.

4 – 19 acres: A severance can be done. The severance should be no less than one acre or perhaps the minimum size needed by county and regulations that are local whichever is bigger. A partial release must enable adequate space for the household, septic system and water well (where relevant), all of these must fit completely in the boundaries regarding the release that is partial. Note: Before employing a surveyor, please contact our servicer.


For information concerning presumptions (also called transfers), contact our servicer, DMI, at 1-866-654-6345 and get for unique loans. Presumption kinds must certanly be required because of the account owner and can simply be mailed towards the account owner. VLB land loans could be thought after 36 months.


To qualify for VLB programs, Veterans, army people and their partners must certanly be:

  • At the least 18 years.
  • A bona fide and legal resident of Texas in the date of application and meet oneof the after solution requirements:
    • An duty that is active Member.
    • An associate associated with Texas National Guard.
    • A reserve component Military Member having finished 20 qualifying years for your retirement.
    • A Veteran having offered at the very least 90 duty that is active unless released sooner as a result of a service-connected impairment rather than released dishonorably.
    • A surviving partner of the Veteran listed as missing doing his thing or whoever 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 medical documents.
  • Army Record Request – Standard kind 180 (SF-180)Request your army record utilizing the nationwide Archives Standard Form 180 (SF-180).

The Land Loan Process

The mortgage quantity is founded on credit approval. Get served by reviewing your credit. Gather your revenue information and stay willing to offer your loan processor along with your newest pay stubs to help out with determining your creditworthiness.

Once you’ve gathered your revenue information and reviewed your credit, begin the online application process for loan approval.

Analysis tracts of land accessible in Texas that meet up with the VLB land loan demands. You may also go shopping for land provided through our Land product Sales.

Complete the processing of the land loan by going back all loan that is required (i.e. 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 advance payment and all the expenses to shut.


The land must to be eligible for VLB financing

  • Be wholly in the state of Texas.
  • Include one or more acre, excluding any portion beneath a separate roadway that is public navigable waterway or at the mercy of frequent inundation or elsewhere unusable.
  • Have actually appropriate, usable use of a general public road. Access needs to be at the least 60 legs wide or meet with the county road that is public demands, whichever is greater. “Usable” ensures that it may be driven on by a standard passenger automobile in poor weather.
  • Be correctly described by either an industry note description associated with tract utilizing the surveyor’s official seal and signature (original or content) or a complete content of this recorded subdivision plat in the event that description is through lot & block.
  • Never be zoned strictly for commercial usage.
  • Not need been owned by you or your partner in the past 3 years.
  • All trash/debris, tires or structures that are dilapidated be eliminated just before closing.

No value will be given to virtually any improvements on tracts. Several, contiguous tracts could be combined under one instrument that is financing each share is perhaps not lower than 60 linear foot of typical boundary or tracts are right beside each other and divided solely because of the actual width associated with the general general public right of method.

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