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Texas Veterans Land Board Increases Loan Amounts

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Thursday, April 26, 2012, the Texas Veterans Land Board (VLB) announced that the loan limits for VLB home loans would increase from $325,000 to $417,000 and that the loan amounts for land would be increased from $80,000 to $100,000.

This weeks loan rates are: 3.56% fixed rate for Home loans and for Land loans 7.25% fixed rate for 30 years. Texas VLB Home loans must originate from a participating private lender, while the land loans originates directly through the Texas VLB. Additional home loan rate discounts are available to qualifying disable veterans.

For more information or to find out if you are eligible, visit the Texas Veterans Land Board of call them at: 512.463.5060.

Thank you for serving!

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Steve Hudson

Thanks for sharing information about the VLB's loan programs. Since the original post, the interest rate on VLB land loans has been reduced to 6.75%. In addition, new homes financed under the VLB's home loan program may meet energy efficiency requirements either with an ENERGY STAR certificate or with a Home Energy Rating Systems (HERS) rating of 75 or less.

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