3 ways to help clients who are military veterans
03/02/2017 | Author: Editorial Staff
The Veterans Land Board offers affordable real estate loans to the state's 1.7 million military veterans. Steve Hudson, real estate community liaison at the VLB, recently discussed the loans offered and other program details in a video presentation. Here are a few takeaways:
- The VLB offers three types of loans for veterans: land loans, home loans, and home-improvement loans.
- The state of Texas is the lender for land loans and home-improvement loans but not home loans.
- A veteran can finance only his primary residence with a VLB home loan, and he must move into the residence within 60 days of closing.
- A veteran can borrow up to $50,000 using a VLB home-improvement loan.
- The VLB land-loan program requires a minimum purchase of one acre.
Visit texasveterans.com for more information.
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