Land Loans: ways to get a farm loan without any advance payment
The VLB Veterans Land Loan Program may be the only 1 of its sort into the nation, providing Texas Veterans and Military Members the possibility to borrow as much as $150,000 to shop for land at competitive rates of interest while typically requiring the very least five per cent advance payment for tracts of just one acre or higher.
This program is simple to utilize and provides Texas Veterans and Military members financing that is exclusive the acquisition of the very own little bit of Texas. The bonds used to invest in this system are resigned from loan repayments together with price of administering this system is financed via a fee that is small for each loan.
LAND LOAN FINANCING
Land Loans – Veteran/Military rate of interest 7.25percent
VLB provides financing on tracts as much as $150,000 with at least five per cent advance payment and a fixed-rate 30-year loan term. The five per cent advance payment is susceptible to credit approval.
A $325 assessment and agreement service cost arrives during the time of application. There’s absolutely no pre-payment penalty.
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

Go to a house search internet site that lists land accessible in Texas
Phone VLB at 800-252-8387

As soon as a Veteran, or his / her successor, has effectively paid off a VLB land loan s/he may submit an application for another VLB land loan. […]