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 could be the just one of its type into the country, providing Texas Veterans and Military Members the possibility to borrow as much as $150,000 to shop for land at competitive interest levels while typically requiring the very least five per cent advance payment for tracts of just one acre or even more.

This program is not difficult to utilize and provides Texas Veterans and Military members financing that is exclusive the acquisition of these very own piece of Texas. The bonds utilized to finance this system are retired from loan repayments and also the price of administering this system is financed through a tiny fee charged for each loan.

LAND LOAN FINANCING

Land Loans – Veteran/Military interest 7.25percent

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

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

When you have perhaps not currently identified the land you want to buy, consider the following options:

  • View VLB land obtainable offered to the general public
  • Visit a house search 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 down a VLB land loan s/he may submit an application for another VLB land loan. Read More