Land Loans: ways to get a farm loan without any deposit

Land Loans: ways to get a farm loan without any deposit

The VLB Veterans Land Loan Program may be the only 1 of its sort within the country, providing Texas Veterans and Military Members the opportunity to borrow as much as $150,000 to buy land at competitive rates of interest while typically requiring the absolute minimum five per cent deposit for tracts of just one acre or higher.

This system is simple to utilize and provides Texas Veterans and Military members financing that is exclusive the purchase of one’s own little bit of Texas. The bonds utilized to invest in this system are resigned from loan repayments together with price of administering this system is financed via a little charge charged for each loan.


Land Loans – Veteran/Military interest 7.25percent

VLB provides financing on tracts as much as $150,000 with at least five per cent advance payment 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 agreement solution cost is born in the period of application. There’s no pre-payment penalty.

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

  • View VLB land on the market offered to the general public
  • Go to a house search internet site that lists land accessible in Texas
  • Phone VLB at 800-252-8387

As soon as a Veteran, or his / her successor, has effectively paid down a VLB land loan s/he may submit an application for another VLB land loan. The applies that are same our house and do it yourself loan programs.


To mail the VLB Loan Servicing Company:

Texas Veterans Land Board (via DMI) 1 Corporate DriveSuite 360 Lake Zurich, IL. 60047-8945

Take note, at vlbinfo@glo. when you yourself have issues with the processing of one’s loan repayment, you can easily phone our VLB Call Center at 800-252-8387 or e-mail us and we also will allow you to resolve the problem. We’re right right right here to serve YOU!


The VLB’s severance policy enables Veterans and members that are military get a cost name to a percentage of the VLB tract. Such partial resale needs will always during the single discernment for the VLB and topic to greater valuation pricing and stricter directions than severances for a property web web web site. It’s also the insurance policy associated with the VLB that any ask for severance represents a request to “subdivide” the tract that is existing. Therefore, all severances must certanly be in conformity with state regulations and county and neighborhood ordinances regulating such “subdivision. ” If any law that is such ordinance imposes a condition which is much more restrictive compared to the policy or procedure included herein, what the law states or ordinance will get a handle on.

Tracts significantly less than 3 acres: The VLB will perhaps not grant a severance.

4 – 19 acres: A severance is achievable. The severance needs to be a the least one acre or perhaps the minimum size needed by county and regulations that are local whichever is bigger. A partial launch must enable adequate space when it comes to home, septic system and water well (where relevant), all of these must fit completely inside the boundaries of this partial release. Note: Before employing a surveyor, please contact our servicer.


For information concerning presumptions (also referred to as transfers), contact our servicer, DMI, at 1-866-654-6345 and request unique loans. Presumption kinds must certanly be required by the account owner and can simply be mailed towards the account owner. VLB land loans could be thought after 3 years.


To qualify for VLB programs, Veterans, army people and their partners must certanly be:

  • At the very least 18 years old.
  • A bona fide and appropriate resident of Texas in the date of application and meet oneof the service that is following:
    • An duty that is active Member.
    • An associate for the Texas National Guard.
    • A reserve component Military Member having finished 20 qualifying years for retirement.
    • A Veteran having offered at the least 90 duty that is active unless released sooner because of a service-connected impairment rather than released dishonorably.
    • A spouse that is surviving of Veteran listed as missing doing his thing or whoever death had been service linked.

Military Service Documents

  • Military Service RecordsVisit the National Archives to request your armed forces solution documents online, by mail, or by fax. Documents include DD214/separation papers, workers documents and medical documents.
  • Army Record Request – Standard kind 180 (SF-180)Request your army record making use of the nationwide Archives Standard Form 180 (SF-180).

The Land Loan Process

The mortgage quantity is dependant on credit approval. Get made by reviewing your credit. Gather your earnings information and stay willing to offer your loan processor together with your most recent pay stubs to help out with determining your creditworthiness.

After you have collected your earnings information and reviewed your credit, begin the application that is online for loan approval.

Analysis tracts of land accessible in Texas that meet up with the VLB land loan needs. You may search for land provided through our Land Sales.

Finish the processing of the land loan by going back all necessary loan paperwork (in other words. Performed agreement, study, industry records, and or land plat).

Finalize your loan procedure by coordinating a closing date and time along with your chosen name business being willing to spend the advance payment and all the other expenses to shut.


To be qualified to receive VLB funding, the land must:

  • Be wholly inside the state of Texas.
  • Include a minumum of one acre, excluding any part beneath a separate roadway that is public navigable waterway or susceptible to frequent inundation or perhaps unusable.
  • Have actually appropriate, usable use of a road that is public. Access needs to be no less than 60 foot wide or meet up with the county road that is public demands, whichever is greater. “Usable” ensures that it may be driven on by a passenger that is standard in poor weather.
  • Be correctly described by either an industry note description regarding the tract because of the surveyor’s official seal and signature (original or content) or perhaps a copy that is complete of recorded subdivision plat in the event that description is through great deal & block.
  • Never be zoned strictly for commercial usage.
  • Not need been owned by you or your partner in the past 3 years.
  • All trash/debris, tires or dilapidated structures must be eliminated just before closing.

No value shall be provided with to your improvements on tracts. Several, contiguous tracts could be combined under one financing instrument provided each share is perhaps not significantly less than 60 linear foot of typical boundary or tracts are right beside the other person and separated entirely by the real width of this public right of method.

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