AUSTIN Texas Land Commissioner Dr. Dawn Buckingham announced Monday the Texas Veterans Land Board’s (VLB) Veterans-only land sale is now open for bidding.
Eight tracks, totaling over 250 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, a news release said.
All bids for the VLB’s veterans-only land sale must be submitted before the land sale closes on July 18 at 5 p.m.
To view the land and place a bid, click here.
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.
To read the VLB Land Sale Handbook, click here.
