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Great News for Texas Vets - Loans Limits Have Increased!

By
Real Estate Agent with Brown Realty, 210-789-4216, TREC #0492321

Great News for Texas Vets - Loans Limits Have Increased!
Just off the latest press release, the Texas Veterans Land Board has announced that the home loans and land loans have increased for all our Texas Veterans. Texas Veterans can now take advantage of the VLB’s low-interest rate loans to borrow as much as $417,000 to buy a home, and $100,000 to purchase land.

Serving Texas Veterans for LifeUnder the leadership of Chairman, Jerry Patterson, the Texas Veteran Land Board voted unanimously on April 26, 2012, to increase the home and land loan limits for the latest expansion of benefits to our veterans. “Texas veterans have more than earned this increase VLB benefit,” Patterson said. “Increasing these loan limits gives Texas veterans additional purchasing power to buy the home of their dreams or to find a piece of Texas to call their own”.

Since taking office in 2003, Patterson has raised the amount of Texas veterans may borrow for a home from $150,000 to $417,000. Buying land throughout the VLB has gotten easier too. Under Patterson’s direction, the VLB has reduced the minimum acreage that could be bought with a VLB land loan from 5 acres to one acre, and making it easier for veterans to buy lots closer to urban areas.  A Texas veteran can simultaneously have a VLB land loan, a VLB home loan, and a VLB home improvement loan.

The Texas Veterans Land Board was created in 1946 to help veterans returning from World War II buy land for agricultural purposes. The program has changed over the years as land prices rose sharply and VLB land loan amounts have increased from the original $7,500.

“No other state can match what the VLB offers: low-cost home, land and home improvement loans; skilled nursing facilities and cemeteries - all exclusively for Texas veterans or their spouse,” Patterson said.  All these programs are self-funding, which is good news for Texas taxpayers.

For more information on these Texas Veterans Land Board Programs, Contact Jerry Today at 210-789-4216, or visit the VLB website at Texas Veterans Programs.



Comments (22)

Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Jerry, that is good news for Veterans in Texas!    As I have mentioned to you before, I went to Boot Camp at Lackland Air Force Base. 

May 01, 2012 09:03 AM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Great News for Texas Vets - Loans Limits Have Increased! 

Jerry this is fantastic news now for the other states to get on board!

May 01, 2012 09:22 AM
Karen Hawkins, MBA - Langley & Surrey, BC
Royal Pro Real Estate Network - Langley, BC

Jerry, this is tremendous news for veterans residing in Texas - their sacrifices can't be rewarded enough, and this is a very beneficial way to show appreciation for their service!

May 01, 2012 09:56 AM
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Jerry great news for Active Duty and Veterans in TX.  With a large military population in TX I'm sure this is welcome news.

May 01, 2012 11:20 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Jerry,  That is great news for Texas Vets!  We can count on Jerry Newman to take care of Texas vets for all of their real estate needs.

May 01, 2012 12:24 PM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Jerry

Thanks for sharing the updates on the veterans mortgages limits being increased in Texas. 

Good luck and success.

Lou Ludwig

May 01, 2012 12:29 PM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Gayle. Texas is proud of her Veterans, and Honors all of them with these Great Benefits.

May 01, 2012 12:30 PM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Anita. We know San Antonio is military city with all our bases, and large number of veterans. I know many of the veterans will want to take advantage of this Good News.

May 01, 2012 12:32 PM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Fred. Lackland AFB is still the Basic Training site for all new Air Force recruits. There have been lots of changes at Lackland over the years, but is still the Air Force Training Center, and you will notice that I have it in my Header on top.

May 01, 2012 12:36 PM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi John, I think it would be Great if other States started to Honor our veterans with these housing and land benefits like Texas does.

May 01, 2012 12:37 PM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Karen. I may even want to take advantage of these increased benefits myself. I have always wanted to own a piece of Texas, and those new land loan increased limits are right on time.

May 01, 2012 12:40 PM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Cindy. This is Great News for our large military population in Texas. More veterans having been returning to Texas for retirement, and these benefits will do a lot to help with their Dreams.

May 01, 2012 12:42 PM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Kathleen, I do take it personal to always get the Word out to all the Veterans in the area. They have given so much, and I am glad to see the way that Texas has Honored her veterans with these benefits.

 

May 01, 2012 12:44 PM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

You are Welcome, Lou. Texas is a Big place and there is lots of Land available to purchase and to build that Dream Home.

May 01, 2012 12:46 PM
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

I love it except for one detail... I am not in Texas.  Can you get them to raise here in Florida as well?

May 01, 2012 01:23 PM
Doug Bullwinkel
E Mortgage Capital, Inc. NMLS 1416824 - Roseville, CA
Mortgage Loan Officer NMLS #281609

From what I remember from some of your previous posts, the VLB has better terms and interest rates than a standard VA home loan.  That makes this an even better deal.  In California, up to $100,000 on land loans is unheard of.  We have no land loans available through VA or most other sources.  You go Texas!

May 01, 2012 04:13 PM
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Jerry, that is great news.  I can't think of a group who deserves it more than our veterans.  This is good stuff.  

May 01, 2012 09:22 PM
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Jerry,  That is great news for our vets.  I love seeing the vets take advantage of the ZERO down payment mortgage offered to them. 

May 02, 2012 12:20 AM
Cheryl Thomson REALTOR Ret Army
United Real Estate DC Metro Region (703.216.5635) cheryltee47@gmail.com - Prince William, VA
Associate Broker in Northern Virginia

Jerry we should get even more!

May 02, 2012 01:59 AM
Kathy Stoltman
Balboa Real Estate - Ventura, CA
Ventura County Real Estate Consultant 805-746-1793

That is great news for Veterans wanting to purchase a home in Texas.  That should allow them to buy a nice home.

May 02, 2012 09:41 AM