Wed, 09/11/2024 – 20:34 Image
Commissioner announces VLB’s Veterans-Only Land Sale
Commissioner announces VLB’s Veterans-Only Land Sale
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The Texas Land Commissioner Dawn Buckingham, M.D. is pleased to announce the Texas Veterans Land Board’s (VLB) Veteransonly land sale is now open for bidding.
Five tracks in four counties, totaling over 10.5 acres, are available for purchase to Veterans and Military Members with minimum bid amounts listed. A Veteran or Military Member whose bid is accepted may apply for a VLB Land Loan at a 7.25% interest rate, with a 30-year term and a minimum 5% down payment.
All bids for the VLB’s Veterans-only land sale must be submitted before closing on October 17, 2024, at 5:00 p.m.
The VLB will only finance up to the minimum bid amount. The awardee must pay any amount offered over the minimum bid at closing. The maximum loan amount provided through the VLB Land Loan Program is $150,000. VLB land loans can also be used to purchase other non-commercial land that is one acre or more and meets VLB requirements.