Real Estate Tips for Active Military and Veterans



If you are a Purple Heart recipient or you know someone who is, please consider this info. Starting January 1, 2020, as part of the Blue Water Navy Vietnam Veterans Act, Purple Heart recipients will be exempt from paying the funding fee the Department of Veteran Affairs charges on its guaranteed home loans. That could be a savings of thousands of dollars! Learn more here.

Do your 2020 plans include purchasing a new home? H.R. 299, signed into law in June 2019, affects VA home loans guaranteed on or after January 1, 2020. The biggest changes in the law are twofold: the loan limits will be raised for VA home loans, and rates will temporarily increase for certain loans by 0.15-.0.30%. For more information about how this might impact you, ask me! I am an MRP certified REALTOR®.

If you are considering a VA Home Loan, there are some specific benefits you may not be aware of.
There are six unbeatable benefits of using a VA home loan for your next home purchase. From no down payments to less stringent credit requirements, if you’re curious about VA home loans, you’ll want to check out this article.
If you are considering buying a home and have not purchased a home in a long time (or ever) here’s information on how mortgage rates can affect your financial future.  Take some time to read this article to learn how to find the best mortgage rate to make a positive impact on your peace of mind and financial future.

There’s also a recent podcast that talks about VA home loans that you may find helpful. Are you interested in learning more about VA home loans and why they should be a type of loan to consider when buying a home? Then, look no further than the U.S. Army Soldier for Life’s recent 20-minute podcast covering the ‘why’s and ‘how’s of VA home loans with David Piatek, National Guardsman and Vice President, Federal Savings Bank (NMLS 673568). 

There’s also a new program for military spouses.  Most military service members go through the Transition Assistance Program (TAP) when they’re transitioning out of the military, however, often military spouses are on their own when it comes to finding more information on how to deal with all the changes that will come for their spouse and their family. 

To help military spouses through every part of their military life journey, the Pentagon has recently rolled out the Military Spouse Transition Program (MySTeP) through its OneSource platform. MySTeP is comprised of 3 steps: one for new-to-the-military-life spouses, one for those familiar with military life, and ones for those whose spouses are about to transition back to civilian life.

For information on any of the above programs, I’m happy to help! Please call me at 610-372-0212 or 610-413-0520.

Source: Military Relocation Professional Newsletter, September 2019

Comments

  1. David JohnsonJanuary 22, 2021 at 1:40 AM

    Are you looking these topics into podcasts? Or you interested in Army Podcast? Check out this - military and veterans resource center

    ReplyDelete
  2. James FranklinJanuary 31, 2021 at 6:08 PM

    Real estate podcasts are the best way to know about the real estate industry. You can easily learn marketing tips, gain insights about a sector or investment strategy, or stay up to date on relevant real estate industry news. If you are searching for the best real estate podcast then you can visit the Dream Nation website.

    ReplyDelete

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