TEXAS VETERANS GET SPECIAL FINANCING TERMS ON LAND PURCHASE WITH AS LITTLE AS 5.00% DOWN PAYMENT THROUGH THE TEXAS VETERAN LAND BOARD. PAM SITTERLY WITH RE/MAX PLATINUM WROTE A GREAT ARTICLE ABOUT THE PROGRAM.
ARE YOU A TEXAS VETERAN? SPECIAL FINANCING TERMS ARE AVAILABLE FOR YOU.
Veterans are given the opportunity to purchase land in Texas with a lot less cash out of your pocket than anybody else. While many of us dream about owning our own little piece of Texas, veterans can make their dreams come true for as little as 5% down payment, thanks to the Texas Veteran Land Board.
The Texas Veteran Land Board is a state agency providing low interest loans to qualified Texas veterans for the purchase of land, the purchase of housing and the purchase of home improvements or repairs.
Do you have dreams of building a ranch or a farm for you and your family? Are you longing for an isolated retreat where you can hang out and rejuvenate on the weekends? Wishing you owned your own deer lease?
The tract of land can range in size from hundreds of acres down to a minimum of one usable acre, as long as it meets minimum Texas Veterans Land Board criteria.
Qualified veterans can purchase land priced up to $80K with a fixed rate low interest loan for up to 30 years. While the interest rate for a 30 year fixed rate loan for veterans is updated weekly, recently it has been only 7.25%.
Other types of financing for land purchases typically require 20%- 50% down payment, higher interest rates and balloon payments.
Land with a value greater than $80K, may be purchased, but the veteran must pay the difference between the net financing amount and the purchase price at closing. For more information about the Texas Veterans Land Board, check out www.glo.state.tx.us/vlb.
Affordable tracts of land are currently available throughout the state. For example, in Montgomery, Grimes, and Waller counties, two acres can be purchased for $15,000-$20,000.00 and up, while five acres or more can be purchased for $50,000.00 and up.
Interested in more information? 2010 is still the year to buy real estate. To take advantage of the current market, give me a call at 281 723 0324 or email me at email@example.com .
Your Texas real estate resource, proudly serving Magnolia, Tomball and surrounding areas. www.PamSitterly.com, 281 723 0324
RE/MAX Platinum, 735 E Main St., Tomball, TX 77375