Earlier this week I posted general information about the Home Owners Assistance Program (HAP). Today the updated guidelines for the program were posted on the DoD site.
Military families stationed at Fort Belvoir, the Pentagon, Quantico and other Military District of Washington installations who purchased a home prior to July 1, 2006 may find that Homeowner Assistance Program (HAP) may offer some relief if you have upcoming PCS orders to move.
This week I had the opportunity to start working with a family applying for HAP benefits. The official guidelines for the program are expecting to be released within the next 10-14 days and already the counselors for our area indicate they have over 1000 applications waiting. We have a listing agreement in place (one of the requirements) and as soon as the final program rules are announced we will be ready to market their home.
The HAP program is aimed towards helping:
Active Duty Military Personnel with PCS orders who are upside down on their mortgage
Wounded soldiers who must relocate due to medical conditions (wounded after 9/1/2001)
Surviving Spouses (death of military member after 9/1/2001)
According to the Homeowners Assistance Program information the Department of Defense (Dod) will reimburse the covered groups up to 95% of their loss if their homes was purchased prior to July 1 2006.
If you live in Northern Virginia and you are anticipating PCS orders this summer and you qualify for HAP, now is the time to start gathering your documents and call the HAP Field Office for our area (located in Savannah) at 800-861-8144 for additional information.
Download information on how to apply for the HAP program.
For more information on military relocation or listing your home in the Northern Virginia area stop by www.MilitaryRelocationNews.com or contact Cindy Jones at 703-346-2213 to discuss your upcoming relocation to Fort Belvoir, Quantico, Pentagon or Military District of Washington installations.
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This is a great program for military personnel getting transferred. I also have some clients I'm helping who are getting qualified for the HAP program.