Resent Interest Rates

Home Resent Interest Rates Eligibility Requirements

Interest Rates and Available Discounts

Rates Effective 02/08/08   5:00 p.m. CDT

All Texas Veterans Land Board (VLB) interest rates and available discounts are subject to change at any time.

Land Program

All eligible Texas veterans:

  • 7.25% interest rate
Payment Estimator (estimated monthly payments)

Housing Assistance
and
Home Improvement Programs
Base Rate for Housing/Home Improvement Loans: 5.35%*
 (Base rate applies to all loans with a term of greater than 15 years.)

NOTE: For loan payment estimates, please call your originating lender.

 
Interest Rate Discounts - For Housing and Home Improvement Loans Only
(One or more of the following discounts may apply if qualifying criteria are met.)
1. Discount for loans with a term of 15 or fewer years: -0.25%
2. Qualified Veterans with Disabilities Program Discount: -0.35%
3. Qualified Service Era Discount (Restricted Pool): -00.55% *
* VLB Base Rate and Qualified Service Era Discount (Restricted Pool) are subject to adjustment on the first business day of each week.

*Note: If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.

 
Important Notes:
  1. Housing loans are available with 15, 20, 25 or 30-year terms. Home Improvement loans are available with two to 20-year terms.
 
  2. The Veterans with Disabilities Discount applies to veterans with a compensable disability rated at fifty percent or greater by the United States Department of Veterans Affairs. A complete description of the program's qualification guidelines is available on the Veterans with Disabilities web page.
 
  3. The Service Era Discount applies to veterans who served on active duty prior to January 1, 1977 and have been discharged from active duty fewer than 30 years.