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A surviving spouse of a Veteran listed as missing in action or whose death was service-connected; Eligible Veterans may finance up to $150,000 of land for tracts that are 1-acre (4,000 m 2) or greater. A minimum 5% down payment is required in addition to application and appraisal fees. The interest rate for land loans as of February 2017 is 7.25%.
The Texas Legislature enacted the Veterans Land Act in November 1946 which created the Texas Veterans Land Board as a division of the General Land Office (GLO). The measure called for issuing $25 million in bonds , the proceeds of which would be used by the state government to purchase land and resell it to veterans of World War II at 3% ...
“One of the greatest benefits for Veterans with a disability rating of at least 10% is access to the Texas Veterans Land Board, which offers lower mortgage rates. ... Land Discount program ...
After World War II, Giles conceived of a plan to reward Texas' veterans with the ability to buy land at low interest rates subsidized by the taxpayers.In 1946, the voters amended the state constitution to authorize $100 million in public funds to enable veterans to buy land, creating the Texas Veterans Land Board.
Oct. 4—AUSTIN — Texas Land Commissioner and Veterans Land Board (VLB) Chairwoman Dawn Buckingham, M.D., is proud to introduce the next installment of the series highlighting the VLB's Voices ...
Jan. 4—AUSTIN — Texas Land Commissioner and Veterans Land Board (VLB) Chairwoman Dr. Dawn Buckingham announced Thursday that the VLB has approved an increase for the VLB home loan amount from ...
The General Land Office's main role is to manage Texas's publicly owned lands, by negotiating and enforcing leases for the use of the land, and sometimes by making sales of public lands. Royalties and proceeds from land sales are added to the state's Permanent School Fund , which helps to fund public education within the state. [ 2 ]
The average property tax rate is 0.56%, one of the lowest rates in the country. The average homeowner will pay around $1,707 - more than $1,000 less than the national average.