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 only 1 of its sort into the country, providing Texas Veterans and Military Members the possibility to borrow as much as $150,000 to buy land at competitive rates of interest while typically requiring the very least five percent advance payment for tracts of 1 acre or higher.

This system is simple to utilize and provides Texas Veterans and Military users exclusive financing towards the purchase of one’s own bit of Texas. The bonds utilized to invest in this system are resigned from loan repayments in addition to price of administering this program is financed through 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 % advance payment is at the mercy of credit approval.

A $325 assessment and agreement solution cost is born during the right time of application. There isn’t any penalty that is pre-payment.

When you yourself have maybe not currently identified the land you intend to buy, consider listed here options:

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

When 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 exact same pertains to our house and do it yourself loan programs.


To mail the VLB Loan Servicing Company:

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

Take note, for those who have difficulties with the processing of the loan repayment, you can easily phone 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 have been right right here to last!


The VLB’s severance policy permits Veterans and members that are military get yourself a cost title to a percentage of the VLB tract. Such partial resale needs will always during the single discretion associated with the VLB and topic to greater valuation pricing and stricter tips than severances for a house site. It’s also the insurance policy regarding the VLB that any ask for severance represents a request to “subdivide” the current tract. Consequently, all severances must certanly be in conformity with state laws and regulations and county and regional ordinances regulating such “subdivision. ” If any law that is such ordinance imposes a state of being which is more restrictive compared to policy or procedure included herein, regulations or ordinance will get a handle on.

Tracts significantly less than 3 acres: The VLB will likely not give a severance.

4 – 19 acres: A severance can be done. The severance should be a the least one acre or perhaps the minimum size needed by county and regional laws, whichever is bigger. A partial launch must enable enough space when it comes to household, septic system and water well (where relevant), all of these must fit completely in the boundaries for the partial launch. 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 types needs to be required because of the account owner and certainly will simply be mailed to your account owner. VLB land loans can be assumed after 3 years.


To qualify for VLB programs, Veterans, army people and their partners must certanly 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 after service requirements:
    • An active responsibility Military Member.
    • A part associated with Texas National Guard.
    • A book component Military Member having finished 20 years that are qualifying your retirement.
    • A Veteran having offered at the very least 90 duty that is active unless discharged sooner because of a service-connected impairment rather than discharged dishonorably.
    • A spouse that is surviving of 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 armed forces 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 with the nationwide Archives Standard Form 180 (SF-180).

The Land Loan Process

The mortgage quantity is dependent on credit approval. Get made by reviewing your credit. Gather your earnings information and stay ready to provide your loan processor along with your newest pay stubs to help in determining your creditworthiness.

Once you’ve collected your earnings 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 go shopping for land offered through our Land product product Sales.

Complete the processing of one’s land loan by going back all necessary loan documents (i.e. Performed agreement, study, 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 willing to spend the advance payment and all the other expenses to shut.


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

  • Be wholly inside the state of Texas.
  • Include one or more acre, excluding any portion beneath a separate roadway that is public navigable waterway or susceptible to frequent inundation or else unusable.
  • Have appropriate, usable use of a general public road. Access needs to be at the least 60 feet wide or meet with the county public road width demands, whichever is greater. “Usable” ensures that it could be driven on by a passenger that is standard in bad weather.
  • Be correctly described by either a industry note description associated with tract utilizing 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.
  • Not need been owned by you or your partner in the previous 36 months.
  • All trash/debris, tires or dilapidated structures must be removed just before closing.

No value will be provided with to your 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 the other person and divided entirely because of the real width regarding the general public right of method.