VLB Streamlines Home Improvement Loan Process

The Texas Veterans Land Board (VLB) Home Improvement Loan process has been streamlined. In an effort to make the lives of Texas Veterans seeking home improvement loans less complicated, the VLB has introduced some changes to make the home improvement application process more expeditious and less stressful.

Previously, all loan application documents were signed in person and then had to be faxed, mailed or emailed by Veterans to the VLB. The VLB is now using electronic signatures for most documents, which has significantly reduced the need for communications between Veterans and the VLB.

The VLB also reduced the amount of documents that Veterans must complete during the initial loan application process. The new loan application, which can be found online, consists of two simple forms that a Veteran customer must submit to the VLB. Using these initial two forms, the VLB generates the remainder of the loan application documents, thus requiring less duplication of effort for Veterans. The only responsibility for Veterans seeking home improvement loans are electronic signatures on remaining documents.

In the past Veterans were required to provide two bids from contractors, now only one bid is required from a contractor.

There are five steps in the home improvement loan application process:

1 Submit application for home improvement loan
2. Sign and submit disclosure and application forms
3. Select contractor
4. Await credit approval
5. Close on loan

As always, the VLB will guide Veterans through this process, step by step, ensuring that all needs and expectations are met. Click here to find out if your project is eligible.

For more information on any of the VLB loan programs please visit TexasVeterans.com or call us today at 800–252-VETS (8387).