Land size has to be one acre or more, wirh or without a structure, but landboard will not finance any buildings on the land... After a Veteran obtains land, there are renovation loans or Federal VA loans to improve or build a house...
VLB Land Loan Requirements Location—VLB land loans are only for properties in the state of Texas. Down payment—Only 5% is required as a down payment. This is the lowest down payment of any veteran loan program in the state. Property size—VLB land loans are for properties of at least one acre. Maximum land value—The homesite cannot be valued are more than $125,000. Military involvement—Loans are intended for “bona fide” residents of Texas who have served in any of the United States’ five military branches: Army, Navy, Air Force, Marines, or National Guard. Lender approval—Qualifying for a VLB land loan also requires lender approval, which is based on an applicant’s credit-worthiness. Credit scores can be as low as 620 for approval in some situations, but the higher they are, the better the chances. It is recommended that veterans work with a lender who can help navigate the complicated application and approval process. The first step will be gathering several key pieces of information
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