Private lenders as well as the Texas Veterans Land Board (VLB) will make land loans in the Sanderson and Dryden area. Private lenders have been asking for about 20% down, around 6-7% interest, on 10-20 year loans. As of this writing, VLB is asking 5% down, 7.25% interest, on land loans of up to $150,000 for qualified veterans.
For detailed information and application forms, have a look at the
following website maintained by the Texas Veterans Land Board -
TVLB LOAN PAGE
Another widely used source of land loans in this area has been Capital Farm Credit in Uvalde.
For more information, contact them -
CAPITAL FARM CREDIT
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