The Greatest gift to military families is BAH Basic Allowance from Housing!
Use this money to buy a home and reward your self with added benefits such as tax deductions, interest write offs, and ownership. Stop wasting your money by renting or using base housing.
Did you know:
$1100-$1200 BAH would be the equivalent of a payment for a home priced between $155,000-$175,000 depending on an interest rate an area taxes.
$1200-$1400 BAH would buy you a home priced between $170,000 - $200,000. depending on an interest rate and property taxes.
Payments - include principal, interest, taxes, and insurance.
Consult with a lender to see if you can qualify for a VA loan. Get the best of both worlds and with the assistance of a great agent like myself- negotiate for the seller to cover your closing cost. Now you have a VA NO NO- No down payment and no closing cost.
When relocating this usually can make buying a home cheaper then renting. When renting in Hampton Roads our area a property managers usually want 1st months rent, a security deposit (the same as 1 month rent) and application and pet fees. If you have poor to fair credit they may also require last months rent up front. That can be pretty expensive.
For more information on getting pre-approved, VA loan requirements, and finding homes for sale contact me today!