VLB Land Loan Limit Increased to $125,000
Texas Veterans are now eligible for low-interest land loans up to $125,000. Texas Land Commissioner George P. Bush increased the land loan limit in his first act as Chairman of the Texas Veterans Land Board (VLB). The previous land loan limit was $100,000.
“Texas Veterans have more than earned this benefit,” said Bill McLemore, Executive Director of the VLB. “This will make it easier than ever for Veterans to achieve the American dream they fought and sacrificed so much for through their service.”
Benefits for Texas Veterans are already the best in the nation. To qualify for VLB benefits, Veterans must be honorably discharged, have served at least 90 days on active duty and reside in Texas.
Texas has always taken care of her Veterans. In 1836, the Texas General Land Office was formed, in part, to make sure Veterans of the Texas Revolution were given the land rights they were promised in exchange for their role in liberating Texas. In 1946, the Texas Veterans Land Board was created to do the same for Texas Veterans who helped to liberate the world. Today, the VLB serves more than 1.7 million Texas Veterans of all ages.
The VLB’s ability to offer below-market interest rate loans for land and home purchases, and home improvements, is the cornerstone of Texas Veteran benefits. The VLB operates eight Texas State Veterans Homes that serve more than one thousand Veterans and their families needing skilled, long-term, high-quality care. The VLB also provides free burial of Veterans with full military honors at Texas State Veterans Cemeteries in Abilene, Corpus Christi, Killeen and Mission.
“No other state can match the benefits that the VLB offers exclusively to Texas Veterans, military members and their spouses,” McLemore said. “Additionally, all of our programs are self-funding, which is good news for Texas taxpayers.”