Even so, sometimes the VLB must forfeit on delinquent land loans. The TVLB then makes these tracts of land available for other Texas Veterans and or Active Duty Military Member to purchase in our Quarterly Online Land Sales held every January, April, July and October.
Land that isn't sold during this sale will become available in our public sale. Tracts may be added or withdrawn by the TVLB at any time or reason.
A Veteran whose bid is accepted may apply for a VLB land loan for 30 years at a 7.25 percent interest rate with a minimum five percent down payment. The land loan limit is $150,000.
Bids must be submitted by 5 pm on April 25, 2017.