Comments on: Buying a Home with the Texas Veterans Land Board Program (TVLB)

By: Jay Myers

Jay Myers — Sat, 06 Feb 2010 18:05:52 +0000

Thank you Cameron, I do truly appreciate the kind words on this article. As I have mentioned in my other articles about TVLB and VA benefits numerous times this particular article was read over 7,500 times in 2009 — Yet I only helped 2 veterans buy homes. I stay in contact with many of the visitors so hopefully they will become clients eventually when returning home to Texas, or retiring from their military life to Denton County. I agree completely about the folks at TVLB, whenever I have a question I know the people I need to get the answers.

I get contacted from people all over the state of Texas, you should email me your complete contact info and perhaps I can send some business your way or some people in need of assistance that you can provide.

Thanks again!

By: cameronpohlman

cameronpohlman — Sat, 06 Feb 2010 17:22:41 +0000

Jay, As a mortgage loan officer that has been doing TX VET loans for many years, I think your article is just beyond excellent. I have never seen anything that brief that clearly and accurately described the program highlights to include the home improvement/ land loan aspects. I have saved the article to my favorites on my computer. Sorry to say I am not in your area. I am in the Fort Hood area-Killeen/Harker Heights. We have a large population of vets in our area with service connected disablities over 30% that would qualify for the reduced rate. 1st Community Mortgage is one of the top Tx Vet lenders in the state. THE EMPLOYEES OF THE TEXAS VETERAN'S LAND BOARD ARE TERRIFIC, TOO!!! They have always helped anyone with questions and explain the process in detail to vets anytime they are asked.
Great article!

By: Jay Myers

Jay Myers — Tue, 12 Jan 2010 07:28:36 +0000

I totally dropped the ball on this one Josias, I missed that your comment was awaiting approval.

The answer to your question is Yes. You can Buy a Duplex and I believe even up to a quadplex and qualify for the TVLB financing as long as you also live and homestead that property. I would shy away from the manufactured home though, unless you are talking about adding to the existing property. But then you would have to be sure the deed restrictions and covenants allow for a manufactured home.

This is the short answer, if you still have questions about this or I can help in anyway please give me a call. I always want more Veterans as clients!

By: Josias

Josias — Sun, 13 Dec 2009 04:32:34 +0000

I'm looking to buy my first home. I'd like to buy at least an acre of land, and build manufactured home on it for the time being. However, I am considering a different option. Can I purchase an already made multi-unit in which I can live on one side, and lease the other?

By: j

Thu, 27 Aug 2009 03:46:30 +0000

Jay, Yes your right. Thanks

The Truth in Lending Disclosure shows pre-paid finance fees applied to the original loan amount and adjusted interest rates etc. example : TLVB fees etc. While other docs at closing show the original loan amount of lender. Seems to have something to do with a federal law.