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class="red" id="interestRatePlace"> </span>%; discounted rate <span class="red" id="interestRatePlaceVet"> </span>%</div> <div class="row"> <div class="spacer40"></div> <div class="col-md-4 text-center"> <p><a class="btn btn-lg btn-success" href="https://web.archive.org/web/20180903233753/https://s3.glo.texas.gov/ePayVetServiceFee/FLVetServiceFee.cfm" rel="noopener noreferrer" style="width: 220px;" target="_blank" title="Pay Fees Online Link"><span class="fa fa-usd fa-lg"></span>Pay Fees Online</a></p> </div> <div class="col-md-4 text-center"> <p><a class="btn btn-lg btn-primary" href="https://web.archive.org/web/20180903233753/https://vlbms.glo.texas.gov/startapp?type=vhip" rel="noopener noreferrer" style="width: 220px;" target="_blank" title="Apply Now Link"><span class="fa fa-check-square-o fa-lg" style="margin-top: 5px;"></span>Apply Now</a></p> </div> <div class="col-md-4 text-center"> <p><a class="btn btn-lg btn-info" href="https://web.archive.org/web/20180903233753/https://vlbms.glo.texas.gov/index.php?s=members&a=login&loanapp=on" rel="noopener noreferrer" style="width: 220px;" target="_blank" title="Borrower Log In Link"><span class="fa fa-check-square-o fa-lg" style="margin-top: 5px;"></span>Borrower Log In</a></p> </div> </div> <div class="spacer40"></div> <p><strong>The VLB helps Veterans, military members and their spouses buy homes and then help pay to improve it through the Texas Veterans Home Improvement Program (VHIP).</strong></p> <div class="spacer40"></div> <div class="row"> <div class="col-md-6"> <p>This program was introduced in 1986 to provide below-market interest rate loans to qualified Texas Veterans for home repairs and improvement to their existing homes.</p> <p>The VLB offers up to $50,000.00 for a 20-year loan or up to $10,000.00 for a 10-year loan. Veterans with a VA service-connected disability rating of 30% or greater qualify for a discounted interest rate.</p> </div> <div class="col-md-6"> <p><strong>No down-payment is required, however, the program does require the following:</strong></p> <ul class="fa-ul"> <li><span class="fa-li fa fa-check-circle-o"></span>$10 flood certification fee, required at time of application</li> <li><span class="fa-li fa fa-check-circle-o"></span>$125 title search fee, required at time of application</li> <li><span class="fa-li fa fa-check-circle-o"></span>Closing costs</li> </ul> </div> </div> <div class="spacer40"></div> <p><em>*Discounts may apply for Veterans with service-connected disability of 30% or greater<br/> *Some improvements may not be eligible – <a href="#projecteligibility"><strong>Learn More</strong></a></em></p> <p><em>Note: All VLB interest rates and available discounts are subject to change at anytime. VLB Base Rate is subject to adjustments on the first business day of each week. All loans are subject to credit approval.</em></p> <hr/> <h2>REQUIREMENTS</h2> <p><strong>VLB Home Improvement Loans <strong>in the amount of $25,000 or less</strong> are insured by the Federal Housing Administration (FHA). To qualify, the following requirements must be met:</strong></p> <div class="row"> <div class="col-md-6"> <ul class="fa-ul"> <li><span class="fa-li fa fa-check-circle-o"></span>The home being repaired must be wholly located in the state of Texas.</li> <li><span class="fa-li fa fa-check-circle-o"></span>The home must be the applicant’s primary residence.</li> <li><span class="fa-li fa fa-check-circle-o"></span>Single family dwellings, condominiums, duplexes, triplexes and four-plexes are eligible. Duplexes, triplexes and four-plexes must be at least 5 years old. Modular or manufactured homes that are on a permanent foundation and are part of the real estate (real property) may also be eligible, but the final decision on these types of loans will be determined by the VLB.</li> </ul> </div> <div class="col-md-6"> <ul class="fa-ul"> <li><span class="fa-li fa fa-check-circle-o"></span>The VLB must be in first or second lien position.</li> <li><span class="fa-li fa fa-check-circle-o"></span>The borrower cannot advance funds to the contractor or purchase material prior to receipt of the loan proceeds from VLB. Loan proceeds will be available on the fourth business day after closing.</li> <li><span class="fa-li fa fa-check-circle-o"></span>The borrower must secure a general contractor. </li> </ul> </div> </div> <p> </p> <p>It’s possible for a veteran to have one active loan in each program — land, home, and home improvement- at the same time. Once a Veteran, or his or her successor, has successfully paid off a VLB home improvement loan s/he may obtain another VLB home improvement loan. The same applies to our land and housing program. All VLB programs are self-funded, using no public taxpayer funding. VLB programs are financed with bonds, which are serviced by loan payments from Veteran participants.</p> <hr/> <h2 id="projecteligibility">PROJECT ELIGIBILITY</h2> <p>A VLB home improvement loan can be used for alterations, repairs and improvements that are eligible for financing under the Department of Housing & Urban Develop (HUD) federal Housing Administration (FHA) Title I Loan Program.</p> <p>All work and/or construction must be in compliance with the applicable building codes and standards. The VLB home improvement loan can only be used to make repairs and improvements to the Veterans existing primary residence. Visit the forms section of our website for a detailed listing of eligible and ineligible home improvements.</p> <ul class="fa-ul"> <li><span class="fa-li fa fa-file-pdf-o"></span><strong><a href="/web/20180903233753/http://www.glo.texas.gov/vlb/forms/home-improvement/eligible-ineligible-home-improvements.pdf" rel="noopener noreferrer" target="_blank">Eligible & Ineligible Improvements</a></strong></li> </ul> <hr/> <h2>VETERAN ELIGIBILITY</h2> <p><strong>To be eligible for VLB programs, Veterans, military members and their spouses must be:</strong></p> <ul class="fa-ul"> <li><span class="fa-li fa fa-check-circle-o"></span>At least 18 years of age</li> <li><span class="fa-li fa fa-check-circle-o"></span>A bona fide and legal resident of Texas on the date of application and meet <em><strong>one</strong> </em>of the following service criteria: <ul class="fa-ul"> <li><span class="fa-li fa fa-chevron-right"></span>An active duty military member</li> <li><span class="fa-li fa fa-chevron-right"></span>A member of the Texas National Guard</li> <li><span class="fa-li fa fa-chevron-right"></span>A reserve component military member having completed 20 qualifying years for retirement</li> <li><span class="fa-li fa fa-chevron-right"></span>A Veteran having served at least 90 active duty days unless discharged sooner due to service connected disability and not discharged dishonorably</li> <li><span class="fa-li fa fa-chevron-right"></span>A surviving spouse of a Veteran listed as missing in action or whose death was service connected</li> </ul> </li> </ul> <hr/> <h2>Military Service Documents</h2> <ul class="fa-ul"> <li><span class="fa-li fa fa-check-square"></span><a href="https://web.archive.org/web/20180903233753/http://www.archives.gov/veterans/military-service-records/" rel="noopener noreferrer" target="_blank"><strong>Military Service Records</strong></a><br/> Visit the National Archives to request your military service records online, by mail, or by fax. Records include DD214/Separation Documents, Personnel Records and Medical Records.</li> <li><span class="fa-li fa fa-check-square"></span><a href="https://web.archive.org/web/20180903233753/http://www.archives.gov/veterans/military-service-records/standard-form-180.html" rel="noopener noreferrer" target="_blank"><strong>Military Record Request - Standard Form 180 (SF-180)</strong></a><br/> Request your military record using the National Archives Standard Form 180 (SF-180).</li> </ul> <hr/> <p align="center"><a class="btn btn-lg btn-danger" href="/web/20180903233753/http://www.glo.texas.gov/vlb/loans/scra-assistance/index.html" style="width: 220px;" title="SCRA Assistance Link"><span class="fa fa-life-ring fa-lg" style="margin-top: 5px;"></span>SCRA Assistance</a></p></div> </div> </div> </div> <div class="mission"> <div class="container"> <div class="row"> <div class="col-md-12"> The VLB provides the best benefits package in the nation exclusively for Texas Veterans, military members and their families. </div> </div> </div> </div> <div class="footer"> <div class="container"> <div class="row"> <div class="col-md-3 text-left copyright"><a href="https://web.archive.org/web/20180903233753/http://www.glo.texas.gov/" rel="noopener noreferrer" target="_blank"><img alt="The Texas General Land Office, Austin Texas" height="50" src="/web/20180903233753im_/http://www.glo.texas.gov/vlb/images/glo-seal.png" width="50"/> © The Texas General Land Office</a></div> <div class="col-md-6 text-center footnav"><a href="https://web.archive.org/web/20180903233753/http://www.glo.texas.gov/policy/compact-with-texans.html" rel="noopener noreferrer" target="_blank">Compact With Texans</a>  |  <a href="https://web.archive.org/web/20180903233753/http://www.glo.texas.gov/policy/index.html" rel="noopener noreferrer" target="_blank">Policies</a>  |  <a href="https://web.archive.org/web/20180903233753/https://veterans.portal.texas.gov/" rel="noopener noreferrer" target="_blank" title="Link to the Texas Veterans Portal">Texas Veterans Portal</a></div> <div class="col-md-3 text-right social"><a href="https://web.archive.org/web/20180903233753/https://www.facebook.com/TXVLB" rel="noopener noreferrer" target="_blank" title="Facebook link"><span class="fa fa-facebook-square fa-2x"><span class="sr-text">Facebook</span></span></a>   <a href="https://web.archive.org/web/20180903233753/https://twitter.com/TexasVLB" rel="noopener noreferrer" target="_blank" title="Twitter link"><span class="fa fa-twitter-square fa-2x"><span class="sr-text">Twitter</span></span></a>   <a href="https://web.archive.org/web/20180903233753/https://www.youtube.com/user/texasvlb" rel="noopener noreferrer" target="_blank" title="YouTube link"><span class="fa fa-youtube-square fa-2x"><span class="sr-text">YouTube</span></span></a>   <a href="https://web.archive.org/web/20180903233753/https://instagram.com/texasveterans/" rel="noopener noreferrer" target="_blank" title="Instagram link"><span class="fa fa-instagram fa-2x"><span class="sr-text">Instagram</span></span></a></div> </div>  </div>  </div>  <div class="modal fade" id="subscribe"> <div class="modal-dialog"> <div class="modal-content"> <div class="modal-header"><button aria-label="Close" class="close" data-dismiss="modal" type="button"><span aria-hidden="true">×</span></button></div> <div class="modal-body"><iframe frameborder="0" height="510" src="https://web.archive.org/web/20180903233753if_/http://cloud.texasveteransinfo.com/signup" width="300"></iframe></div> </div> </div> </div> <script type="text/javascript"> $(document).ready(function() { if(window.location.href.indexOf('#subscribe') != -1) { $('#subscribe').modal('show'); } }); </script> </body> </html>