Today, Texas Land Commissioner Dawn Buckingham, M.D. is pleased to announce the Texas Veterans Land Board's (VLB) Veterans-only land sale is now open for bidding.
Five tracks in five counties, totaling over 55 acres, are available for purchase to Veterans and Military Members with minimum bid amounts listed. Veterans may bid on more than one tract. 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 Thursday, January 16, 2025, at 5:00 p.m. (CST).
To view the land tracks and place a bid, click the button below:
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 for individual eligible Veteran borrowers and $225,000 for Veteran spouses who are both individually eligible to use the program. VLB land loans can also be used to purchase other non-commercial land that is one acre or more and meets VLB requirements.
To read the VLB Land Sale Handbook, click the button below: