Thursday, March 31, 2016

How To Procure Veterans Land Loans

By George Olson


Retired military men are entitled to several benefits such as access to money advances. There is a lending institution within Texas City that provides veterans land loans at a very little interest rate. They also target individuals who retired from the military after serving their country for a very long time. This institution is prominent for assisting retired defense forces members to procure money advances meant to purchase assets such as houses.

Applicants are however required to adhere to certain regulations before borrowing money from this organization. The program offers sufficient financing to retired officials who want to purchase a piece of the terrain of Texas. Funds that are leased are recovered from past money advance repayments. The cost of operating this lending activity is financed by the interest fees charged on money advances.

The company that lends money to retired army men focuses on inhabitants of Texas City. It also follows the state laws regarding the ownership and transfer of property. This company was founded several years ago to assist retired military officials in acquiring land for agricultural and settlement use. Most of these people had taken part in the tragic world war two. This lending company also offers money advances to people who want to purchase homes.

The board in charge of lending money to retired military men is chaired by a commissioner. This board also consists of two citizens of the US who are appointed by the Governor of Texas County. Cash advances are also usually issued according to the laws of this county. The lending board also monitors retired military people who have borrowed cash. It also documents the details of anyone who borrows cash.

It is mandatory for cash advance applicants to be permanent residents of Texas County. This is because the lending institution operates and targets retired army people within this county. Other requirements include the possession of an ID or a passport indicating that a person served in the army. Those who apply should possess land of approximately one acre in size. This asset should lie several meters away from the road.

The one acre property owned by an individual should have a title teed with an official seal and signature from the surveyor. Subdivision documents of the property should be attached on an application letter when a person is applying. The property is not supposed to be zoned or owned by an applicant within the last three years.

The maximum time taken for a person to fully repay a loan should be thirty years. This gives a money advance beneficiary enough time to fully settle a debt. During application, it is important for an applicant to pay three hundred in cash for appraisal. Contract fees are also charged before a money advance is processed.

The main advantage of this program is that it lets a retired official to apply for another money advance after repaying the initial one. This service applies to house improvement programs that are also available. The lending board is self funded and does not rely on taxes to operate. Applicants can also access their money advance accounts on the Internet. They are required to submit log in credentials on the website of the lending board for them to view their financial statements.




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