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Land Loans: ways to get a farm loan without any advance payment

Land Loans: ways to get a farm loan without any advance payment

The VLB Veterans Land Loan Program may be the just one of their type into the country, providing Texas Veterans and Military Members the possibility to borrow as much as $150,000 to acquire land at competitive interest levels while typically requiring the absolute minimum five per cent down payment for tracts of 1 acre or are installment loans legal in connecticut maybe more.

This program is effortless to utilize and provides Texas Veterans and Military users exclusive financing towards the acquisition of these very own little bit of Texas. The bonds utilized to invest in this program are resigned from loan repayments and also the price of administering this system is financed by way of 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 30-year loan term. The five per cent advance payment is at the mercy of credit approval.

A $325 assessment and contract solution cost is born during the time of application. There is absolutely no penalty that is pre-payment.

You wish to purchase, consider the following options if you have not already identified the land:

  • View VLB land on the market open to the general public
  • Check out a house search internet site that lists land easily obtainable in Texas
  • Phone VLB at 800-252-8387

As soon as a Veteran, or his / her successor, has effectively paid a VLB land loan s/he may submit an application for another VLB land loan. The exact same relates to 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. Texas.gov when you have difficulties with the processing of the loan repayment, you are able to phone our VLB Call Center at 800-252-8387 or e-mail us therefore we makes it possible to resolve the problem. Our company is right here to last!


The VLB’s severance policy enables Veterans and members that are military have a charge name to a percentage of these VLB tract. Such resale that is partial will always in the single discretion regarding the VLB and topic to greater valuation pricing and stricter instructions than severances for a house web web site. It’s also the insurance policy for the VLB that any ask for severance represents a request to “subdivide” the current tract. Consequently, all severances should be in conformity with state guidelines and county and local ordinances regulating such “subdivision. ” If any such legislation or ordinance imposes a condition which is much more restrictive compared to policy or procedure included herein, what the law states or ordinance will get a handle on.

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

4 – 19 acres: A severance is achievable. The severance needs to be a the least one acre or perhaps the minimum size needed by county and regulations that are local whichever is bigger. A partial launch must enable enough space for the home, septic system and water well (where relevant), all of these must fit completely in the boundaries for the release that is partial. Note: Before hiring a surveyor, please contact our servicer.


For information concerning presumptions (also called transfers), contact our servicer, DMI, at 1-866-654-6345 and have for unique loans. Presumption kinds should be required because of the account owner and will simply be mailed to your account owner. VLB land loans might be thought after 36 months.


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

  • At the very least 18 years old.
  • A bona fide and appropriate resident of Texas in the date of application and meet oneof the service that is following:
    • An active responsibility Military Member.
    • A part of this Texas National Guard.
    • A book component Military Member having finished 20 years that are qualifying retirement.
    • A Veteran having offered at the very least 90 duty that is active unless released sooner because of a service-connected impairment rather than released dishonorably.
    • A spouse that is surviving of Veteran listed as missing doing his thing or whoever death ended up being service linked.

Military Service Documents

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

The Land Loan Process

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

Once you’ve collected 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 needs. You’ll be able to look for land provided through our Land Sales.

Finish the processing of one’s land loan by going back all loan that is required (for example. Performed agreement, survey, industry records, as well as land plat).

Finalize your loan procedure by coordinating a closing date and time along with your chosen name business being ready 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 state of Texas.
  • Include one or more acre, excluding any part beneath a separate general public roadway or navigable waterway or at the mercy of frequent inundation or perhaps unusable.
  • Have actually appropriate, usable use of a general public road. Access should be no less than 60 legs wide or meet up with the county road that is public requirements, whichever is greater. “Usable” ensures that it could be driven on with a passenger that is standard in poor weather.
  • Be correctly described by either an industry note description associated with tract because of the surveyor’s official seal and signature (original or content) or perhaps a complete content regarding the recorded subdivision plat in the event that description is through great deal & block.
  • Never be zoned strictly for commercial usage.
  • Not need been owned by you or your partner within the previous 36 months.
  • All trash/debris, tires or structures that are dilapidated be eliminated ahead of closing.

No value will be provided with to virtually any improvements on tracts. Several, contiguous tracts can be combined under one instrument that is financing each share is certainly not significantly less than 60 linear foot of typical boundary or tracts are next to each other and divided solely because of the real width of this general public right of means.

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