Texas Veterans Land Board · Legacy Oaks, Burnet County
Two Veterans Under One RoofBuy 12 Acres For $11,450 Down
The Texas Veterans Land Board finances raw land at 7.25% fixed for 30 years with 5% down. When both spouses qualify, the loan ceiling rises to $275,000.
Tract 3 · 12 Acres
$11,450Down, two eligible veterans
$1,484Per month, principal & interest
Run the real numbers
What Tract 3 Costs A Veteran Buyer
The VLB lends up to $200,000 to a single veteran and $275,000 when two eligible veteran spouses buy the same tract. Tract 3 is priced at $229,000, so a two-veteran household finances it at the full 5% down. A single veteran covers the difference above the cap.
| Buyer | Loan Amount | Down Payment | Monthly P&I |
|---|---|---|---|
| Two eligible veteran spouses | $217,550 | $11,450 (5%) | $1,484 |
| Single veteran | $200,000 (program cap) | $29,000 (12.7%) | $1,364 |
Example only, not an offer of credit. The Veterans Land Board is the lender, not Legacy Oaks. Rate of 7.25% fixed is current as of August 2026 and is set by Board action. Confirm the rate in effect on your application date. Principal and interest only; property taxes and insurance are additional. The VLB lends on the lesser of purchase price or its own appraised value. All loans subject to credit approval and VLB eligibility.
Current program terms
The VLB Land Loan, In Plain Terms
| Item | Current Term |
|---|---|
| Interest rate | 7.25% fixed (as of August 2026) |
| Loan term | 30 years, fixed |
| Maximum loan | $200,000 standard · $275,000 for two eligible veteran spouses on the same tract |
| Down payment | 5% minimum, subject to credit approval |
| Fees | $325 appraisal and contract service fee, collected after application |
| Prepayment penalty | None |
| Assumability | Assumable by another qualifying veteran after three years |
| Apply | newloan.vlb.texas.gov · VLB call center 800-252-8387 |
The $200,000 ceiling took effect February 9, 2026, raised from $150,000. Some pages still reference the older figure. Ask the VLB about disability rate discounts. Terms vary by program and are subject to change.
Underwriting
Legacy Oaks Tracts Are Built To Clear VLB Requirements
Access and survey conditions drive more VLB land decisions than credit does. Here is how these tracts measure against the program's own gates.
- Well over one acre. Tracts run 12 to 20 acres, far above the one-acre minimum excluding roadway and waterway.
- Legal, all-weather access. County Road 206 frontage with improved road access to the tract, passable year round.
- Surveyed and recorded. Each tract is described by a recorded survey.
- Residential use. Burnet County acreage held for a home and ag use.
- Clear of debris. The ground is clean and ready for closing.
- Wholly in Texas. Lake Victor, Burnet County, under an hour from Austin.
Important for VLB buyers
Land Only Is The Cleaner VLB Purchase
Tract 3, land only
$229,000
12 acres · VLB friendly
$11,450 down for two eligible veterans. This is the route we recommend for anyone financing through the VLB.
Tract 3 with barndo package
$289,000
Better suited to cash or a construction lender
The VLB sets the loan amount from the land appraisal, so a VLB buyer brings roughly $89,000 down on this route compared with $11,450 on land only.
Larger tracts
$359,000+
Tracts 5 and 6, 20 acres each
Above the VLB ceiling, so they need a larger down payment or conventional financing. Worth a conversation if you have equity or cash to bring.
How it goes
Three Steps
Prequalify with the VLB
Apply at newloan.vlb.texas.gov or call 800-252-8387. The $325 appraisal and contract service fee is collected after you apply, so budget for it up front.
Walk the tracts
Rex will meet you on the property. Bring boots. You will know within an hour which tract fits.
Close through a Texas title company
Conveyed by warranty deed. The VLB orders its own appraisal and lends on the lesser of price or appraised value.
Worth knowing
Details That Shape The Deal
- Your rate is assumable after three years by another qualifying veteran. In a higher-rate market that becomes a resale asset.
- Pay ahead at any time. Pay it down when a bonus or a PCS payout lands.
- Your loan amount is set by the land. The VLB appraises the acreage itself, which is why land-only is the cleaner VLB purchase.
- One active loan per program. Using the land loan today leaves your VLB home loan benefit available later.
- Severances are restricted. Buy the acreage you actually want the first time.
Request The VLB-Eligible Tract List And Current Pricing
Tell Rex your branch, your status and the acreage you have in mind. He will send current availability, the survey and plat, and walk you through what the VLB finances on each tract.
108 E 5th Street, Lampasas, TX 76550
Property: 740 County Rd 206, Burnet, TX 78611
Legacy Oaks is not a lender and is not affiliated with the Texas Veterans Land Board or the Texas General Land Office. All financing terms shown are the VLB's published terms as of August 2026 and are subject to change by Board action. Eligibility, appraisal and credit approval are determined solely by the VLB. Prices and availability subject to change without notice.
See the Land
for Yourself
Walk the available tracts, compare the terrain and oak cover, and find the setting that fits what you want to build.