3 ways to help clients who are military veterans

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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.​

Categories: Buyers
Tags: veterans, vlb, va loan


Comments

Kathryn Ermish on 03/03/2017

800.252.VETS shirley give them a call.

Im a Real Estate Broker and a vet so you can just call me and ask any questions!
972.841.7137
.

Shirley Wood on 03/03/2017

I am interested in a land loan.

Kathryn Ermish on 03/02/2017

I’m a Veteran and have purchased 2 homes with the Texas Land Board—great rates!

Stephen Williams on 03/02/2017

Steve Hudson is a great guy!  I sat by and visited with him through most of a day of CE in SA a couple of years back.  He convinced me at that time that TVLB was a new and improved option for Texas Vets.  I did a land loan with them a few months later, and sure enough, it was a walk in the park!  I recommend the program highly!


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