Vlb Loans

Veterans Land Board (VLB) Loans ## Texas Veterans Land Board Overview The Texas Veterans Land Board (VLB) administers several loan programs exclusively for Texas veterans, making Texas one of the most veteran-friendly states for housing and land financing. VLB programs are separate from and in addition to the federal VA loan program — they can sometimes be combined ("stacked") with federal VA benefits. Eligibility requirements: - Texas resident - At least 90 days of active duty military service (or fewer days if discharged for service-connected disability) - Honorable discharge - Current active-duty service members stationed in Texas also qualify ## The Three VLB Programs 1. VLB Land Loan Program - Purpose: Purchase rural land anywhere in Texas - Land must be used primarily for agricultural, wildlife management, or recreational purposes - Not designed for purchasing urban lots - Loan amounts and acreage minimums are set by the VLB and change periodically 2. VLB Home Loan Program - Purpose: Purchase a primary residence in Texas - Provides competitive fixed-rate mortgage financing - Generally below-market interest rates - Does NOT require private mortgage insurance (PMI) — a significant cost savings - Property must be used as the veteran's primary Texas residence 3. VLB Home Improvement Loan Program - Purpose: Improve an existing home - Maximum loan amount: $50,000 - Below-market interest rates - The property does not always have to be the veteran's primary residence (rural improvements may qualify) ## Stacking VLB and Federal VA Benefits VLB loans and federal VA loans can sometimes be "stacked" — used together to maximize veteran benefits. This requires compliance with both programs' rules and is not always possible or advantageous, but for eligible veterans…