4 Texas Veteran Land Loan Facts You May Not Know
The Texas Veteran Land Loan program was introduced in 1949 to help Texas veterans secure a land in Texas. During the first few years, the programs offered loans up to $10,000 with a repayment period of up to 40 years. The program, however, changed over time and today the eligible veteran borrowers can obtain loans up to $150,000 at a fixed-rate 30 year loan term. In addition to this change, the land loan program went through various other modifications, too. Having said that, the post lists some lesser-known facts about Texas Veteran Land Loans. Let’s take a look.
1. Texas Veterans with a Single Day Residency Can Also Apply
When the program first came into being, only those veterans who began their duty in Texas were eligible for the Texas Veteran Land loans. The guidelines, however, changed over time and according to the latest guidelines all veterans who were, or are, a resident of...
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