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The VLB Land Loan Program is the only one of its kind in the nation, giving Texas Veterans, military members and their spouses the opportunity to borrow up to $150,000 for land purchases in Texas that are one acre or more.
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Fannie Mae serves the people who house America. We are a leading source of financing for mortgage lenders and our financing makes sustainable homeownership and workforce rental housing a reality for millions of Americans.
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VA loans are specifically for veterans of the US armed forces, clearly, but they do also have some eligibility requirements beyond service. The best way to see if you’re eligible for a VA loan is to contact a loan expert at TexasLending.com, but generally speaking, here are some guidelines for VA loan qualification:
The VA home loan funding fee is required by law and differs for different down payment amounts and whether the VA loan is a first or consecutive one.. First Time Use . The funding fee for an initial VA loan, with no down payment is 2.2 percent for a veteran of active duty and 2.4 percent for persons qualifying solely on Reserve or Guard duty.