What is the required down payment for a 30-year loan under the TVLB loan program?

The Texas Veterans Land Board (TVLB) loan program is specifically designed to assist veterans in purchasing homes or land. One of the key features of this program is the down payment requirement, which for a 30-year loan is set at 5%. This percentage is crucial as it makes homeownership more accessible to veterans by reducing the upfront financial burden necessary to acquire a property.

By promoting a lower down payment, the TVLB encourages veteran participation in the housing market, ensuring they can benefit from favorable loan terms and lower interest rates while still maintaining a level of equity in their homes. This aligns with the program's goal to support veterans and their families in achieving stability through homeownership.

In the context of the other options, while higher down payment amounts can be common in various loan programs, the specific requirement established under the TVLB is distinct with its 5% threshold. This approach reflects the program's commitment to affordability for veterans.