Monday, March 28, 2016

How To Procure Veterans Land Loans

By George Olson


There are times when you require money advances to purchase property such as homes. A lending program in Texas offers veterans land loans of about a quarter million dollars to retired armed forces members with five percent interest rates. This program is renowned for helping very many people to settle their financial constraints as well as investing in profitable ventures.

There are certain minimum requirements that applicants should meet before receiving money advances. These requirements have ensured that adequate funds are issued to retired military men. Furthermore, the lending company uses the money collected from loan repayments to sustain its operations. Additional revenue is collected from the interest rates charged after a person procures a cash advance.

The organization that lends cash to retired army men mainly operates within Texas. This institution also operates based on the county laws. It was established multiple years ago as a governmental institution. Its main objective is to provide cash advances to army people who played a big role in abolishing the World War II. Veterans are therefore required to apply for the money for them to be beneficiaries.

A commissioner heads the organization that lends cash to retired army men. There are other two individuals who are legal citizens of the United States who work with the commissioner. They are basically appointed by Texas County Governor to ensure that people who served in the army years ago receive cash advances. Beneficiaries of the cash advances are documented and the total money given to them is usually accounted for.

There are certain requirements a person should meet when applying for this program. For example, an individual should reside within Texas County. One is also supposed to own more than one acre. This property should not be on a road reserve or on a natural water body. A person should have a legal and easy access to public roads. Road access should be at least sixty feet wide as dictated by the county department of roads.

Ownership certificates such as title deeds are also important when a retired military person is applying for a money advance. To be precise, title deeds should comprise of a signature and official seals laid by a certified surveyor. Applicants are required to submit documents of a land that lacks zoning. The property should not have been possessed by the applicant three years ago.

Veteran cash advances are supposed to be paid before duration of thirty years ends. This time-frame provides beneficiaries adequate time for repaying debts. Appraisal and contract fees of about three hundred US dollars are also supposed to be paid by a retired army person when procuring a cash advance.

Retired military people have the ability to procure a new money advance after fully repaying cash that was borrowed in the past. The veteran lending company also offers cash advances to those who want to buy or build a home. One unique thing about this company is that it is independent. It is a government institution but it does not use taxation revenue when lending money to people.




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