Texas Veterans Land Board Requirements vs. Six Pillar Lending’s Requirements

What is the Texas Veterans Land Board?

The Texas Veterans Land Board (VLB) is an agency under the umbrella of the Texas General Land Office. Established in 1946, the VLB was created to assist Texas Veterans in purchasing land, thereby offering them an opportunity to reintegrate and establish roots after their military service.

Over the years, the VLB’s services have expanded to include not only land loans but also home loans and home improvement loans tailored for Texas Veterans. Additionally, the VLB plays a significant role in managing Veterans’ homes and cemeteries in the state. Its mission is dedicated to ensuring that Texas Veterans receive the state-level benefits, services, and appreciation they deserve for their commitment and service to the country.

What does the Texas Veterans Land Board offer?

The Texas Veterans Land Board (VLB) offers various benefits for eligible Texas veterans, including low-interest home loans. To qualify for a VLB home loan, applicants generally need to meet several requirements. First and foremost, they must be a bona fide and legal Texas resident and an eligible Veteran, having served in the U.S. military.

The specific periods and types of service considered eligible are detailed by the VLB. In addition, there are credit score criteria and income requirements to ensure that the veteran can afford the loan. The home being financed must also be in Texas and used as the Veteran’s primary residence.

Furthermore, first-time borrowers may be required to attend a homebuyer education class. It’s essential to check with the Texas VLB for the most up-to-date and comprehensive information, as requirements may evolve over time.

How are TVLB’s requirements different from Six Pillar Lending?

• Six Pillar Lending allows Veterans to refinance their existing loans (TVLB does not)
• Six Pillar Lending has lower income requirements.
• Six Pillar Lending has lower credit requirements.
• Six Pillar Lending has no maximum VA loan amounts (TVLB is $726,000).
• Six Pillar Lending can beat the published TVLB interest rates.
• Six Pillar Lending does not have an Energy Star requirement on new construction homes.
• Six Pillar Lending’s residency requirement is only 1 year (TVLB requires 3 years).

Trust Six Pillar Lending – Texas Veterans Serving Texas Veterans

In the often-confusing landscape of home financing, Veterans deserve a lender that respects their service, understands their unique needs, and offers an unwavering commitment to their financial well-being. Six Pillar Lending stands as that beacon of trust.

With our deep-seated knowledge of the VA loan process, an impeccable track record of satisfied Veteran homeowners, and a dedicated team that prioritizes your best interests, Six Pillar Lending ensures that your home-buying journey is as honorable as the service you’ve rendered for our nation. For a seamless, trustworthy, and tailored VA loan experience, make Six Pillar Lending your first and only choice. Contact us today to get started.