Veterans increase homebuying power
The Texas Veterans Land Board (VLB) voted unanimously recently to increase the cap on veterans’ home loans from $240,000 to $325,000, a change that is expected to result in more veterans than ever taking advantage of this benefit, says Jerry Patterson, agency commissioner.

In addition, veterans may borrow as much as $60,000 from the VLB to buy tracts of land as small as one acre.

The Texas Veterans Land Board was created in 1946 to help veterans returning from World War II buy land to farm or ranch. For information on its loan programs, visit the Veterans Land Board Web site at www.texasveterans.com, or call 800/252-VETS (800/252-8387). For more online resources to help you achieve the dream of homeownership, visit the Affordable Housing section of TexasRealEstate.com.

Source: Texas Veterans Land Board