Forfeited Land Discounted With No Down Payment
On April 25, 2019, the Texas Veterans Land Board (VLB) unanimously approved a reduction in the minimum bid amounts for the forfeited land tracts listed below. As an additional incentive, no down payment is required.
Because these properties belong to the Type II Forfeited Land Sale, they are made available to all Texas residents at an interest rate of 8.25%. Veterans and Military Members receive the discounted VLB Land Loan interest rate of 7.25%.
Detailed instructions on how to purchase Type II forfeited land can be found in our handy Type II Forfeited Land Sale Program Handbook.
Your VLB land loan benefit may be used to purchase VLB Forfeited Land Tracts, or other properties of one acre or more, anywhere in Texas. If you have questions about bidding offline or online, please contact the VLB at 1–800–252–8387 or firstname.lastname@example.org.
If there are no forfeited land tracts that interest you, please consider property search websites that list land for sale in Texas, or contact a VLB Approved Real Estate Professional.
Click here to learn more about VLB land, home, and home improvement loans.