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Land Loans: getting a farm loan without any advance payment

Land Loans: getting a farm loan without any advance payment

The VLB Veterans Land Loan Program may be the just one of its sort into the nation, providing Texas Veterans and Military Members the possibility to borrow around $150,000 to get land at competitive interest levels while typically requiring the very least five per cent advance payment for tracts of just one acre or even more.

This program is simple to utilize and provides Texas Veterans and Military members financing that is exclusive the acquisition of these very own bit of Texas. The bonds utilized to invest in this program are resigned from loan repayments as well as the price of administering this program is financed by way of a fee that is small for each loan.

LAND LOAN FINANCING

Land Loans – Veteran/Military rate of interest 7.25percent

VLB provides financing on tracts as much as $150,000 with the very least five per cent deposit and a fixed-rate loan term that is 30-year. The five % advance payment is at the mercy of credit approval.

A $325 assessment and contract solution cost arrives during the right period of application. There’s absolutely no pre-payment penalty.

You wish to purchase, consider the following options if you have not already identified the land: