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Land Loans


Private lenders as well as Texas Veterans Land Board (TVLB) will make land loans in the Sanderson area. Private lenders have been asking for about 20% down, 6.5% interest, on 10-15 year notes. As of this writing, TVLB is asking 5% down, 6.75% interest, on 30 year notes.





The Texas Veteran's Land Board (TVLB) is in the business of financing land for qualified veterans.   It is not difficult to be qualified.   The TVLB says that they are trying to find reasons to say "YES" instead of "NO".

The current maximum land loan through TVLB is $100,000.   Your down payment for a TVLB loan must be at least 5% of the purchase price, in contrast to local banks who are asking for 25% or more.

For detailed information and application forms, look at the following websites maintained by the Texas Veterans Land Board and the Texas General Land Office.

TVLB LOAN PAGE

ELIGIBILITY

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