Everything You Need to Know about VA Land Loans in Texas

Whether Uncle Sam brought you there or you've just always dreamed of buying a home in the Lone Star state, Texas has some great benefits for veterans. The benefits are in addition to the VA Loan and are administered through the Texas Veterans Land Board

Land Loans

If there's one thing Texas has a lot of, it's open spaces. So, it only makes sense that the Texas Veterans Land Board offers VA loans specifically for buying land. And since the loans are for land, not homes, you can use the benefit even if the land won't be your primary residence. The tradeoff is you do have to have a 5% downpayment on the land, unlike traditional VA loans that don't require a downpayment. The terms of the loan are also a little more strict--you're required to use a fixed-rate 30-year-loan for up to $125,000 on tracts of one acre or more.  

Land requirements

To qualify for the benefit, your land must: 

  • Be completely in Texas
  • Be at least one acre, not including any public roads, waterways, or any unusable land
  • Have legal and usable access to a public road 
  • Be properly described by either a Field Note description of the track with the Surveyor's Official Seal and Signatures or a complete copy of the recorded subdivision plat if the description is by Lot & Block
  • Not have been owned by you or your spouse in the past 3 years
  • Not be zoned for strictly commercial use 

You can find land for sale in Texas on the Veterans Land Board site. 

So, if you're a Texas veteran, don't miss out! There are plenty of home and land buying programs to make it easier for you to make a life in Texas.

Still have questions? Get the facts about VA loans.