Veterans Buying Land In Texas

By
Real Estate Agent with Brown Realty, 210-789-4216,www.JeremiahNewman.com TREC #0492321
https://activerain.com/droplet/5kyC

Texas Veterans Land Board is one of the best choices for veterans wanting to purchase land in Texas. 

To be eligible for VLB financing, the land must:

  • Be wholly within the state of Texas.
  • Contain at least one acre, excluding any portion beneath a dedicated public roadway or navigable waterway or subject to frequent inundation or otherwise unusable.
  • Have legal, usable access to a public road. Access must be a minimum of 60 feet wide or meet the county public road width requirements, whichever is greater. “Usable” means that it can be driven on by a standard passenger car in inclement weather.
  • Be properly described by either a field note description of the tract with the surveyor’s official seal and signature (original or copy) or a complete copy of the recorded subdivision plat if the description is by lot & block.
  • Not be zoned strictly for commercial use.
  • Not have been owned by you or your spouse within the previous three years.
  • All trash/debris, tires or dilapidated structures must be removed prior to closing.

Texas Land SalesNo value will be given to any improvements on tracts. Multiple, contiguous tracts may be combined under one financing instrument provided each share is not less than 60 linear feet of common boundary or tracts are adjacent to one another and separated solely by the actual width of the public right of way.

Veterans can purchase one acre tracts or more, and finance up to $150,000 at an interest rate of 7.24 percent. The down payment is only 5 percent, and there is an appraisal and contract fee of $325 due at the time of application. See the Land Loan Process for the Texas Veterans Land Board. If you are planning to purchase land in Texas, Call Jerry at 210-789-4216 Today, a fellow veteran who knows who very familiar with Texas Veteran Land Board

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Texas Bexar County San Antonio
Tags:
land sales in texas
land loans for texas veterans
veterans buying land in texas
veteran land sales in texas

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Rainmaker
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Jerry... I bet that this option is not well known... so kudos to you for spreading the word. The biggest problem in my market would be to find one acre of land to buy!

Aug 29, 2019 10:10 AM #1
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Nina. I want to help get the word out to other veterans, as I am sure many are not aware of this benefit for our Texas Veterans. 

Aug 29, 2019 10:15 AM #2
Rainmaker
3,221,204
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wow what a great concept, too bad veterans are not buying land in my part of the world Jerry:))

Sep 02, 2019 10:59 PM #3
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Endre Barath, Jr. It would be nice if more states offered this program to their veterans, but I am glad that our state decided to help our veterans own a piece of Texas. 

Sep 03, 2019 07:17 AM #4
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943,565
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

I would say the interest rate is a little high but probable only 5% down would justify this.

Sep 20, 2019 03:25 PM #5
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Mike Frazier In our market, Texas Veterans Land Board offers a better rate than most of the other lending institutions when it comes to financing just land deals. 

Sep 21, 2019 07:29 AM #6
Rainmaker
2,047,854
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

Jerry Newman - This is a great benefit to TX Veterans. You represent them well in San Antonio!!! As a Vet yourself, you understand their needs and will always go the distance for a Vet. 

Thank you, for your services. 

Sep 29, 2019 06:15 AM #7
Rainmaker
1,710,764
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Thanks for sharing this great information - I am sure that you are going to inspire lots of people!

Nov 10, 2019 04:46 PM #8
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Jerry Newman

Texas REALTOR, San Antonio Military Relocation
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