Jerry Newman's San Antonio, TX Blog 210-789-4216: Great News for Texas Vets - Loans Limits Have Increased!

Great News for Texas Vets - Loans Limits Have Increased!

Great News for Texas Vets - Loans Limits Have Increased!
Just off the latest press release, the Texas Veterans Land Board has announced that the home loans and land loans have increased for all our Texas Veterans. Texas Veterans can now take advantage of the VLB’s low-interest rate loans to borrow as much as $417,000 to buy a home, and $100,000 to purchase land.

Serving Texas Veterans for LifeUnder the leadership of Chairman, Jerry Patterson, the Texas Veteran Land Board voted unanimously on April 26, 2012, to increase the home and land loan limits for the latest expansion of benefits to our veterans. “Texas veterans have more than earned this increase VLB benefit,” Patterson said. “Increasing these loan limits gives Texas veterans additional purchasing power to buy the home of their dreams or to find a piece of Texas to call their own”.

Since taking office in 2003, Patterson has raised the amount of Texas veterans may borrow for a home from $150,000 to $417,000. Buying land throughout the VLB has gotten easier too. Under Patterson’s direction, the VLB has reduced the minimum acreage that could be bought with a VLB land loan from 5 acres to one acre, and making it easier for veterans to buy lots closer to urban areas.  A Texas veteran can simultaneously have a VLB land loan, a VLB home loan, and a VLB home improvement loan.

The Texas Veterans Land Board was created in 1946 to help veterans returning from World War II buy land for agricultural purposes. The program has changed over the years as land prices rose sharply and VLB land loan amounts have increased from the original $7,500.

“No other state can match what the VLB offers: low-cost home, land and home improvement loans; skilled nursing facilities and cemeteries - all exclusively for Texas veterans or their spouse,” Patterson said.  All these programs are self-funding, which is good news for Texas taxpayers.

For more information on these Texas Veterans Land Board Programs, Contact Jerry Today at 210-789-4216, or visit the VLB website at Texas Veterans Programs.



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22 commentsJerry Newman • May 01 2012 03:21PM

Comments

I love to see good things come for our Veterans. Especially as more come home and need us and want to take advantage of the market everyone else has been that they have been protecting. Good News in TX.

Posted by Gayle Beyer, Port St Lucie FL Real Estate Broker (Welcome Center Realty 772-336-8583, FLA777) over 2 years ago

Jerry: With the multitude of vets in Texas, and San Antonio in particular, this is fantastic news!

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) over 2 years ago

Jerry, that is good news for Veterans in Texas!    As I have mentioned to you before, I went to Boot Camp at Lackland Air Force Base. 

Posted by Fred Griffin, Licensed Real Estate Broker (Frederick Griffin, Licensed Real Estate Broker) over 2 years ago

Great News for Texas Vets - Loans Limits Have Increased! 

Jerry this is fantastic news now for the other states to get on board!

Posted by John McCormack, AlbuquerqueHomes.com, Albuquerque Homes Realty (Albuquerque Homes Realty * www.AlbuquerqueHomes.com) over 2 years ago

Jerry, this is tremendous news for veterans residing in Texas - their sacrifices can't be rewarded enough, and this is a very beneficial way to show appreciation for their service!

Posted by Karen Hawkins, MBA - Langley & Surrey, BC (Royal Pro Real Estate Network) over 2 years ago

Jerry great news for Active Duty and Veterans in TX.  With a large military population in TX I'm sure this is welcome news.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 2 years ago

Jerry,  That is great news for Texas Vets!  We can count on Jerry Newman to take care of Texas vets for all of their real estate needs.

Posted by Kathleen Daniels, San Jose Homes for Sale - San Jose Probate Agent (KD Realty - 408.972.1822) over 2 years ago

Jerry

Thanks for sharing the updates on the veterans mortgages limits being increased in Texas. 

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, CRB, CRS, CIPS, GRI, SRES, TRC, e-PRO (Ludwig & Associates) over 2 years ago

Yes, Gayle. Texas is proud of her Veterans, and Honors all of them with these Great Benefits.

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com) over 2 years ago

Yes, Anita. We know San Antonio is military city with all our bases, and large number of veterans. I know many of the veterans will want to take advantage of this Good News.

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com) over 2 years ago

Hi Fred. Lackland AFB is still the Basic Training site for all new Air Force recruits. There have been lots of changes at Lackland over the years, but is still the Air Force Training Center, and you will notice that I have it in my Header on top.

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com) over 2 years ago

Hi John, I think it would be Great if other States started to Honor our veterans with these housing and land benefits like Texas does.

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com) over 2 years ago

Yes, Karen. I may even want to take advantage of these increased benefits myself. I have always wanted to own a piece of Texas, and those new land loan increased limits are right on time.

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com) over 2 years ago

Yes, Cindy. This is Great News for our large military population in Texas. More veterans having been returning to Texas for retirement, and these benefits will do a lot to help with their Dreams.

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com) over 2 years ago

Hi Kathleen, I do take it personal to always get the Word out to all the Veterans in the area. They have given so much, and I am glad to see the way that Texas has Honored her veterans with these benefits.

 

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com) over 2 years ago

You are Welcome, Lou. Texas is a Big place and there is lots of Land available to purchase and to build that Dream Home.

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com) over 2 years ago

I love it except for one detail... I am not in Texas.  Can you get them to raise here in Florida as well?

Posted by Kevin B. Tolbert PA Team, New Home Construction and Luxury Specialist! (Keller Williams Realty of Port Saint Lucie) over 2 years ago

From what I remember from some of your previous posts, the VLB has better terms and interest rates than a standard VA home loan.  That makes this an even better deal.  In California, up to $100,000 on land loans is unheard of.  We have no land loans available through VA or most other sources.  You go Texas!

Posted by Doug Bullwinkel, NMLS #281609 (Vitek Mortgage Group) over 2 years ago

Jerry, that is great news.  I can't think of a group who deserves it more than our veterans.  This is good stuff.  

Posted by Mike Cooper, Your Winchester, VA Real Estate Pro (Winchester Real Estate Sales, Cornerstone Business Group Inc) over 2 years ago

Jerry,  That is great news for our vets.  I love seeing the vets take advantage of the ZERO down payment mortgage offered to them. 

Posted by Belinda Spillman, Your Colorado Real Estate Resource! (Aspen Lane Real Estate Colorado) over 2 years ago

Jerry we should get even more!

Posted by Cheryl Thomson, REALTOR, Retired (U.S. Army), Real Estate in Northern Virginia (Buyers Advantage Real Estate Corp. (c: 703.216.5635)) over 2 years ago

That is great news for Veterans wanting to purchase a home in Texas.  That should allow them to buy a nice home.

Posted by Kathy Stoltman, Ventura County Real Estate Consultant 805-746-1793 (Rockwood Realty) over 2 years ago

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