Texas Veterans are sitting on a gold mine but may not know it. The Texas Veterans Land Board (VLB) will finance at least an acre of land for Texas Vets. The maximum amount that can be financed has increased from $60,000 to $80,000.
This benefit is only available to Texas Veterans. The land will be financed by the VLB at a low interest rate with the Veteran contributing 5% down. Aside from the 5% down payment, the Veteran is also responsible for the appraisal and contract fee of $325 and this fee is paid upfront, during the application.
The loan term is 30 years and there is no pre-payment penalty. For more information on this and other Texas Veterans benefits, contact Tanya Redic with Harold Carter, REALTORS at Tanya@SoldByTanyaRedic.com or (903) 360-7568.
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