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How To Procure Veterans Land Loans

By George Olson

There are times when you require money advances to purchase property such as homes. A lending program in Texas offers veterans land loans of about a quarter million dollars to retired armed forces members with five percent interest rates. This program is renowned for helping very many people to settle their financial constraints as well as investing in profitable ventures.

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.

The lending program comprises of a commissioner and two US citizens. One of the two citizens handles affairs regarding retired military men while the other one oversees finances. These citizens are usually nominated by the Texas Governor. This body ensures that retired defense forces receive money advances to acquire property. It also accounts for every beneficiary of the lending program.

It is mandatory for cash advance applicants to be permanent residents of Texas County. This is because the lending institution operates and targets retired army people within this county. Other requirements include the possession of an ID or a passport indicating that a person served in the army. Those who apply should possess land of approximately one acre in size. This asset should lie several meters away from the road.

Ownership certificates such as title deeds are also important when a retired military person is applying for a money advance. To be precise, title deeds should comprise of a signature and official seals laid by a certified surveyor. Applicants are required to submit documents of a land that lacks zoning. The property should not have been possessed by the applicant three years ago.

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.

The main advantage of this program is that it lets a retired official to apply for another money advance after repaying the initial one. This service applies to house improvement programs that are also available. The lending board is self funded and does not rely on taxes to operate. Applicants can also access their money advance accounts on the Internet. They are required to submit log in credentials on the website of the lending board for them to view their financial statements.

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