How To Procure Veterans Land Loans

By George Olson


Those who served in the military should be entitled to cash advances when they retire. There is a prominent lending organization in Texas that gives veterans land loans to retired military men at a small interest rate. This organization has transformed the lives of most people who served in the army by giving them a chance to purchase property and sustain themselves. Loan applicants are however required to consider certain factors when applying.

Applicants are however required to adhere to certain regulations before borrowing money from this organization. The program offers sufficient financing to retired officials who want to purchase a piece of the terrain of Texas. Funds that are leased are recovered from past money advance repayments. The cost of operating this lending activity is financed by the interest fees charged on money advances.

The company that lends money to retired army men focuses on inhabitants of Texas City. It also follows the state laws regarding the ownership and transfer of property. This company was founded several years ago to assist retired military officials in acquiring land for agricultural and settlement use. Most of these people had taken part in the tragic world war two. This lending company also offers money advances to people who want to purchase homes.

A commissioner heads the organization that lends cash to retired army men. There are other two individuals who are legal citizens of the United States who work with the commissioner. They are basically appointed by Texas County Governor to ensure that people who served in the army years ago receive cash advances. Beneficiaries of the cash advances are documented and the total money given to them is usually accounted for.

Applicants should meet certain requirements before receiving money advances. For instance, an applicant is supposed to be an inhabitant of Texas County. Furthermore, a person should own property of about one acre. It important for applicants to own property that lies some distance away from the road. The property also needs to be close to a documented road network.

The one acre property owned by an individual should have a title teed with an official seal and signature from the surveyor. Subdivision documents of the property should be attached on an application letter when a person is applying. The property is not supposed to be zoned or owned by an applicant within the last three years.

This lending program provides applicants a thirty year money advance term. In this case, a person can repay the cash within the shortest time possible but this duration should not exceed thirty years. Furthermore, one is expected to pay an appraisal of about three hundred dollars and a contract fee when applying for the money advance.

Retired military people have the ability to procure a new money advance after fully repaying cash that was borrowed in the past. The veteran lending company also offers cash advances to those who want to buy or build a home. One unique thing about this company is that it is independent. It is a government institution but it does not use taxation revenue when lending money to people.




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