The VLB Veterans Land Loan Program is the only one of its kind in the nation—giving Texas Veterans and Military Members the opportunity to borrow money to purchase land at favorable interest rates and terms while only requiring a minimum 5% down payment.
In 1983, the Legislature created the VLB Veterans Housing Assistance Program to assist Texas Veterans and Military Members in purchasing a home. Through this program, eligible Texas Veterans and Military Members have an opportunity to purchase a home with an unbeatable, low-interest loan with little or no money down.
As part of its commitment to Veterans, the VLB can help a Veteran or Military Member buy a home, then help pay to improve it through the Texas Veterans Home Improvement Program (VHIP). This program was introduced in 1986 to provide below-market interest rate loans to qualified Texas Veterans and Military Members for home repairs and improvements to their existing homes.