The unanimous vote increased the low-interest loan limit from $232,500 to $417,000 for a home and from $80,000 to $100,000 for the purchase of land. This is the single biggest increase since 2003, when the loan cap was $150,000 for homes.
Founded in 1946, the TVLB was created to help World War II veterans buy land for agricultural purchase. It has been facilitating home purchases since 1983 through a variety of unique loan and assistance programs.
If you'd like more information about the options available to Texas veterans interested in buying a home through the TVLB, contact the Claus Team and ask to speak with one of our buyers' agents. We are experts in assisting veterans and active members of the United States military in their home purchases.
You can reach the Claus Team by phone at 210.566.6474, or visit us online at www.theclausteam.com.