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A borrower has applied to the Texas Veterans Land Board (VLB) for a loan to buy land. Which should he NOT expect to be a requirement?

a) Proof of military service
b) Minimum credit score
c) Employment history
d) Previous land ownership

User Gebezs
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Final answer:

The Texas Veterans Land Board loan application for land purchase does not require previous land ownership. However, proof of military service, minimum credit score, and employment history are typically required.

Step-by-step explanation:

A borrower applying to the Texas Veterans Land Board (VLB) for a loan to buy land should not expect previous land ownership to be a requirement. The VLB exists to help veterans obtain land and does not require that they have owned land previously. Applicants can anticipate being asked for proof of military service, as the program is designed for veterans. Likewise, a minimum credit score may be necessary to ensure that the borrower can be relied upon to repay the loan. Employment history is also often required to demonstrate current income and stability.

User Nev Stokes
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