Land Loans: ways to get a farm loan without any advance payment

Land Loans: ways to get a farm loan without any advance payment

The VLB Veterans Land Loan Program may be the only 1 of the sort within the country, providing Texas Veterans and Military Members the possibility to borrow around $150,000 to acquire land at competitive rates of interest while typically requiring at least five per cent advance payment for tracts of 1 acre or maybe more.

This system is not difficult to utilize and provides Texas Veterans and Military members financing that is exclusive the acquisition of the 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 system 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 30-year loan term. The five per cent deposit is susceptible to credit approval.

A $325 assessment and agreement solution charge flow from during the time of application. There’s absolutely no penalty that is pre-payment. Continue reading “Land Loans: ways to get a farm loan without any advance payment”