Texas Land For Veterans
Description
How to fill out Texas Executor's Deed - Estate To Five Beneficiaries?
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FAQ
Can You Buy Land With a VA Loan? Buying land with a VA loan is possible, but it must be done simultaneously with constructing a new home. You can't use a VA loan to purchase land by itself - even if you intend to build a home later.
Getting a land loan is similar to getting a home mortgage. Both involve real estate, and both usually involve the same steps: application, credit check, survey, appraisal, and closing. Just as with a home mortgage, you can be prequalified for a land loan.
VA does not limit the number of acres a VA-guaranteed property may have. The appraisal of properties with acreage should not pose a problem, as long as similar properties in the area were recently sold primarily for residential use.
The VLB Veterans Land Loan Program is the only one of its kind in the nation, giving Texas Veterans and Military Members the opportunity to borrow up to $150,000 to purchase land at competitive interest rates while typically requiring a minimum five percent down payment for tracts of one acre or more.
An active duty Military Member. A member of the Texas National Guard. A reserve component Military Member having completed 20 qualifying years for retirement. A Veteran having served at least 90 active duty days unless discharged sooner due to a service-connected disability and not discharged dishonorably.