Are You a Texas Veteran?

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Mortgage and Lending with First Choice Loan Services NMLS#210764 NMLS #246495

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.

Original content by Pam Sitterly

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 pam@pamsitterly.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

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Stephanie Stringer

Residential Mortgage Loan Orginator NMLS#246495

Direct:  (469)556-0894    Office:  (210)547-3490

AmeriPro Funding, Inc.

18585 Sigma Road Suite 104  San Antonio, Texas 78258

Check out what people are saying about STEPHANIE STRINGER 

 

Company NMLS#131699

 

 

Comments (2)

Teral McDowell
Referral Patners LLC - Murphy, TX

Working with a VA loan now and hope to close before the end of the year; Merry Christmas!

Dec 16, 2010 04:30 AM
Dianne Bartlett
Brightside Realty, LLC - Austin, TX

I heard that our area is one of the top ten areas where veterans want to retire.  Bet you'll do a lot of these loans!

Dec 18, 2010 11:51 AM

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