Great News for Veterans interested in purchasing lots and unimproved land.
Today, Texas Land Commissioner and Veterans Land Board (VLB) Chairwoman Dawn Buckingham announced that the VLB's Veterans-Only Land Sale Auction is now open for bidding. The auction includes eight available tracts totaling more than 62 acres. Bidding closes on Thursday, July 16, 2026, at 5:00 p.m.
The financing offered by TX VLB on these properties comes with incredible terms.
Earlier this year, the VLB approved an increase for the VLB standard land loan amount from $150,000 to $200,000 and the dual-spouse land loan amount from $225,000 to $275,000.
Veterans, CLICK HERE to view the land tracks up for auction and place a bid
Veterans and Military Members may bid on more than one tract. A Veteran or Military Member whose bid is accepted may apply for a VLB Land Loan at a 7.25% interest rate, with a 30-year term and a minimum 5% down payment. That’s a deal that really can’t be beat – ESPECIALLY in consideration of the very low minimum credit score requirement and the lenient debt ratio caps.
The VLB will finance up to the minimum bid amount. The awardee must pay any amount offered over the minimum bid at closing. The maximum loan amount provided through the VLB Land Loan Program is $200,000 for individual eligible Veteran borrowers and $275,000 for Veteran spouses who are both individually eligible to use the program. VLB land loans can also be used to purchase other non-commercial land that is one acre or more and meets VLB requirements.
For more in-depth information about the VLB Veterans-Only Land Sale rules, CLICK HERE.
Ok, so you were a successful bidder, and you’d like to build your custom home designed specifically to suit your needs and to take advantage of the attributes this new lot has to offer (view, existing trees, water, etc.). That's exciting! But, NOW WHAT??
Well, you may not realize this, but VA offers a OneTimeClose Construction Loan with zero down, zero cash out of pocket for closing, and no interest payments during construction.
SMACK! ZOOM! Goodbye Mr. Spalding! Truly a Grand Slam for Texas Veterans! I love this program.
Speak to your Lender about the program and the construction financing and complete your application for financing. Once approved, pull out some napkins and start sketching out a floorplan!
Another option is to flip through available Barndominium Home Plans. A quick-to-erect alternative to the typically lengthier process of a stick-built home.
Start the process with a review of the unimproved property available to Veterans through the Texas Veterans Land Board. CLICK HERE to view the lots.
Let the bidding begin!
Want to Learn More?
Jay Atterstrom
📧 [email protected]
📞 (214) 377-0033