VA Loan Network logo
  • Home
  • Apply Now
  • VA Loans
    • Programs
    • Today’s Rate
    • VA Guide
    • Refinance
    • Requirements
    • Benefits
    • State Guides
    • Calculator
  • Resources
    • Bases
    • Pay Center
    • BAH Rates
  • Learn
  • About Us
    • About Us
    • Contact Us

The #1 Trusted Source for Veterans and Service Members

va loan network logo

SAME DAY APPROVAL

No Money Down, Low Interest Rates, No Mortgage Insurance

Check Your Eligibility

first lead form

"*" indicates required fields

Are you looking to purchase or refinance?
What is your goal?
Are you or your spouse retired or active military?
Active Military or Retired?
Are you receiving military retirement or VA Disability pay
Have you received PCS orders?
Where are you in the buying process?
Are you working with a real estate agent?
$350k - $400k
$0
$2m +
This field is hidden when viewing the form
This field is hidden when viewing the form
Is this the first use of your VA entitlement?
What is your credit score?
Do you currently have a home to sell?
Do you currently have a VA loan on your property?*
$350k-$400k
$0
$2m +
$200k - $250k
$0
$2m +
$100k -$120k
What is the rate on your loan ?

Enter your contact details

Name*

By providing your name, email, and phone number, you consent to receive calls and texts from our VA loan specialists and lenders regarding your application. Message and data rates may apply. Your information will be used solely for this purpose. You can opt out at any time.

This field is for validation purposes and should be left unchanged.

Texas Veterans Land Board (VLB) Program

by Randall Yates | Dec 14, 2024 | Home Buying, VA Loans

Texas Veterans Land Board (VLB) Program

The Texas Veterans Land Board (VLB) Veterans Housing Assistance Program offers unique home financing options for veterans, active-duty military members, and surviving spouses in Texas.

Created to honor and support those who have served, the program aims to make homeownership more accessible and affordable.

By providing competitive interest rates and tailored financing options, the VLB has helped countless veterans achieve their dream of homeownership.

Get Pre-Approved for a VA Loan Today

AI Logo Your Article Summary
Paragraph Bullet Points

In this Article

  • What Is the VLB Veterans Housing Assistance Program?
  • Key Features of the Program
  • Eligibility Requirements
  • Loan Limits and Interest Rates
  • Benefits of the VLB Program
  • How to Apply
  • Challenges and Common Questions
  • Financial Impact of the VLB Program
  • Comparing VLB to Other Loan Options
  • Tips for Maximizing VLB Benefits
  • Alternative Programs
  • Frequently Asked Questions

What Is the VLB Veterans Housing Assistance Program?

The VLB Veterans Housing Assistance Program provides low-interest home loans to eligible veterans, ensuring they can affordably buy, build, or improve their primary residence in Texas.

This program is exclusively available to Texas veterans and their families, setting it apart from other home financing options. Its competitive rates and minimal down payment requirements are designed to ease the financial burden for those who have served.


Key Features of the Program

  • Low-Interest Home Loans: Veterans can access below-market interest rates.
  • Minimal Down Payment: Helps reduce upfront costs significantly.
  • Exclusive to Texas Veterans: The program is only available to those who have served in the U.S. military and meet Texas residency requirements.

“This program represents our commitment to those who have sacrificed for our nation,” says Mark Romero, a VLB housing specialist. “We aim to make the home-buying process as smooth and affordable as possible for Texas veterans.”


Eligibility Requirements

To qualify for the program, applicants must meet the following criteria:

  • Be a Texas resident.
  • Have served in the U.S. Armed Forces and received an honorable discharge.
  • Be purchasing, constructing, or refinancing a primary residence in Texas.

Surviving spouses of service members may also qualify, provided they meet specific conditions. For a complete list of requirements, visit the Texas VLB website.


Loan Limits and Interest Rates

The VLB offers fixed-rate loans, making monthly payments predictable and manageable. Below is a table summarizing key details of the program:

FeatureDetails
Loan LimitUp to $806,500
Interest RateBelow market rate (varies based on current conditions)
Down PaymentMinimal or zero, depending on the veteran’s entitlement
Loan Term15 to 30 years

Benefits of the VLB Program

  1. Cost Savings: The low-interest rates can save veterans thousands of dollars over the life of the loan.
  2. Simplified Eligibility: Requirements are straightforward and veteran-focused.
  3. Flexible Loan Options: Works for home purchases, construction, and renovations.

According to real estate expert Sarah Whitman, “The VLB program is a game-changer for Texas veterans. Its affordability and veteran-centric focus make it one of the best state-level options available.”


How to Apply

Applying for the VLB Veterans Housing Assistance Program involves several steps:

  1. Verify Eligibility: Confirm your veteran status and Texas residency.
  2. Find a Participating Lender: Work with a lender approved by the VLB.
  3. Complete the Application: Provide proof of military service, income, and other required documents.
  4. Finalize the Loan: Close on your home and start enjoying the benefits of homeownership.

For more details, check out the application guide on the VLB website.


Challenges and Common Questions

While the VLB program provides significant benefits, veterans may encounter some challenges or have concerns during the process. Here’s a breakdown of common issues and how to address them:

  • Credit Score Requirements
    Although the program is designed to be accessible, veterans should ensure their credit score meets lender requirements. Working with a VLB-approved lender can help you navigate credit issues.
  • Application Process Timeline
    The application process can take several weeks. Veterans are encouraged to start early and gather all necessary documents, such as proof of service and financial statements, to avoid delays.
  • Availability of Funds
    The VLB program operates on limited funding. Submitting your application as soon as possible increases your chances of securing assistance before funds are depleted.

By being aware of these potential hurdles, veterans can better prepare for the process and ensure a smoother path to homeownership.


Financial Impact of the VLB Program

One of the most significant advantages of the VLB Veterans Housing Assistance Program is the financial savings it offers compared to conventional mortgage options. Here’s how the program can benefit veterans financially:

  • Lower Interest Rates
    The VLB provides competitive interest rates that are often lower than standard market rates, reducing overall loan costs over time.
  • Minimal or No Down Payment
    Veterans can purchase a home with minimal or no down payment, significantly lowering upfront expenses and making homeownership more accessible.
  • Long-Term Savings
    By combining the VLB program with federal VA benefits, veterans can eliminate private mortgage insurance (PMI) and benefit from reduced monthly payments.

Here’s an example of potential savings:

Loan AmountConventional Loan (3.5%)VLB Loan (2.75%)Savings Over 30 Years
$250,000$1,122 per month$1,020 per month$36,720
$300,000$1,346 per month$1,224 per month$43,920

These savings make the VLB program a valuable financial tool, particularly for veterans transitioning to civilian life or managing tight budgets. Working with a knowledgeable lender can further maximize these benefits.

Comparing VLB to Other Loan Options

Here’s a comparison between the VLB program and other popular loan options:

FeatureVLB LoanVA LoanConventional Loan
Down PaymentMinimalNone requiredTypically 3-20%
Interest RateBelow marketCompetitiveVaries based on credit score
EligibilityTexas veterans onlyAll U.S. veteransOpen to all qualified borrowers
Mortgage InsuranceNoneNoneRequired if down payment < 20%

Tips for Maximizing VLB Benefits

  • Combine with Other Programs: Veterans can stack the VLB loan with federal VA loan benefits for even greater savings.
  • Act Quickly: Interest rates are subject to market changes, so locking in a rate early is beneficial.
  • Consult an Expert: Working with a VLB-approved lender ensures you understand all your options.

Alternative Programs

Veterans Land Loan Program

The Veterans Land Loan Program allows veterans to purchase land in Texas with competitive interest rates and low down payment requirements. Veterans can secure up to $150,000 for land purchases, provided the land meets specific eligibility criteria.

  • Provides up to $150,000 in financing for eligible land purchases.
  • Requires as little as a 5% down payment.
  • Allows flexibility for buying undeveloped or rural land within Texas.

Veterans Home Improvement Loan Program

The VA home improvement program is for Veterans with a VA loan to get home repairs and upgrades, this program offers loans up to $50,000 with fixed interest rates, making it easier for veterans to maintain and improve their homes.

  • Covers necessary home improvements, including repairs and energy efficiency upgrades.
  • Offers fixed interest rates for the life of the loan.
  • Provides up to $50,000 in funding, depending on the scope of the project.

Texas State Veterans Homes

For long-term care, the VLB operates state-of-the-art veterans’ homes that offer affordable healthcare options for Texas veterans and their families.

  • Provides skilled nursing care and specialized services for veterans and their spouses.
  • Offers cost-effective alternatives to private long-term care facilities.
  • Includes memory care units for veterans with Alzheimer’s or dementia.

These additional services make the VLB a one-stop resource for veterans seeking financial assistance for housing, land, or long-term care, ensuring their needs are met at every stage of life.

Frequently Asked Questions

Can I combine a VLB loan with a VA loan?

Yes, veterans can combine VLB and VA loans to take advantage of unique benefits. By pairing the two, you can access lower interest rates, minimal or no down payments, and avoid private mortgage insurance (PMI). This combination is particularly useful for veterans purchasing higher-value properties or needing additional flexibility in loan terms.


What types of properties are eligible?

The VLB program supports the purchase of primary residences located within Texas. Eligible property types include single-family homes, townhouses, and condominiums. The property must be used as your primary residence, meet specific appraisal and safety standards, and adhere to lender and program guidelines for financing approval.


Is there a credit score requirement?

The VLB does not impose a strict minimum credit score, but participating lenders often set their own criteria. Generally, a score of 620 or higher is preferred to qualify for the best loan terms. It’s essential to work with an approved lender familiar with both the VLB and VA loan programs to navigate these requirements.


Can surviving spouses apply?

Yes, surviving spouses of veterans may qualify for VLB benefits if specific conditions are met. These include the veteran passing away due to a service-connected cause and the spouse not remarrying. Surviving spouses must also meet residency and property requirements to be eligible for assistance through the program.


How do VLB interest rates compare to other loans?

VLB loans offer competitive interest rates that are often lower than those of conventional loans and in line with VA loan rates. These reduced rates provide significant long-term savings, especially for veterans purchasing or refinancing their primary residence in Texas.


Can I refinance my current home with a VLB loan?

Yes, refinancing your current home with a VLB loan is possible, provided the property is your primary residence and meets program criteria. Refinancing through the VLB can help reduce interest rates, consolidate debt, or adjust loan terms to make monthly payments more manageable.


What fees are associated with the loan?

While standard closing costs apply, VLB loans do not require private mortgage insurance (PMI), which significantly lowers long-term costs. Typical fees include appraisal fees, title insurance, and lender fees, which vary based on the loan amount and lender.


Do I have to live in Texas to qualify?

Yes, applicants must be Texas residents at the time of application to qualify for the VLB program. Proof of residency, such as a Texas driver’s license or utility bill, is required. Additionally, the home purchased through the program must be located within Texas and used as your primary residence.

Related Posts

Tex Vet LoansUnderstanding the Texas Vet Loan: A Comprehensive Guide VA loan guides texasVeterans Guide to VA Loans in Texas can you buy land with a va loanCan You Buy Land with a VA Loan sugar land va loan guideVeterans Guide to VA Loans in Sugar Land, Texas My First Texas Home ProgramMy First Texas Home Program: A Complete Guide 10 financial assistance programs for veterans in Texas10 Financial Assistance Programs for Veterans in Texas

Latest Articles

  • Dependency and Indemnity Compensation (DIC): Guide for Survivors
    Dependency and Indemnity Compensation (DIC): Guide for Survivors
  • Property Tax Exemptions for Surviving Veteran Spouses
    Property Tax Exemptions for Surviving Spouses of 100% Disabled Veterans
  • VA Loans on Memorial Day: Honoring Veterans’ Service
    VA Loans on Memorial Day: Honoring Veterans’ Service
  • 2025 Veterans can now pay buyer-broker fees on VA loans
    2025 Veterans can now pay buyer-broker fees on VA loans
  • 2025 VA Disability Payment Schedule
    2025 VA Disability Payment Schedule Released
  • Top Neighborhoods Near Lackland AFB for Military Families
    Top Neighborhoods Near Lackland AFB for Military Families
  • 2025 Veterans Pension Rates
    2025 Veterans Pension Rates
  • PTSD VA Ratings: Everything Veterans Need to Know
    How to Get a 100% PTSD VA Rating
  • va loans austin guide
    Best Places for Veterans to Live in Austin, Texas
  • best cities for veterans san antonio
    Top San Antonio Cities for Veterans
  • best neighborhoods in schertz, tx for Veterans
    Best Neighborhoods in Schertz, TX for Veterans
  • Proposed Changes to VA Disability Benefits in 2025
    Proposed Changes to VA Disability Benefits in 2025
  • VA Benefits Guide 2025 Released
    VA Benefits Guide 2025 Released: Everything You Need to Know
  • VA Appraisal Cost
    VA Appraisal Cost: Everything You Need to Know

Our Latest Article

Dependency and Indemnity Compensation (DIC): Guide for Survivors

Dependency and Indemnity Compensation (DIC): Guide for Survivors

VA Loans

  • VA Loan Guide
  • VA Benefits
  • Credit Requirements
  • Loan Requirements
  • First-time Homebuyers
  • VA Loan Process
  • VA Certificate of Eligibility

About Us

    • Apply Now
    • About Us
    • Contact Us
    • Legal Disclosures

 

Follow Us

  • Follow
  • Follow
  • Follow

Our Blog

  • Learn
  • VA Loans
  • Mortgage
  • Real Estate
  • Trends
  • Veteran Life
  • News
  • Credit

Copyright © 2025  VA Loan Network

3128 Napier Park, Suite 105 San Antonio, TX 78231 Phone: (800) 230-7201 Email: contact@valoannetwork.com

Pin It on Pinterest

Share This
  • Twitter
  • Facebook
  • Pinterest
  • Tumblr
  • Like