The first step in obtaining a TVLB land loan is to find the property you want. You may wish to secure a real estate agent to assist you. Remember the tract must be at least five net acres. When you receive your packet, sit down with the seller to prepare the required forms and documents. A few final pointers .
Sellers can t take a second lien on property.
The TVLB does not recognize any liens against the land. You do not have to live on the land. There is no income requirement. There is no penalty if you pay off your loan early. If there are any mineral rights conveyed with the sale, you get to keep them.