Information For Military Homebuyers

Found 33 blog entries about Information For Military Homebuyers.

How to Buy a House with a VA Loan and Your Basic Housing Allowance (BAH)The Basic Allowance for Housing (BAH) is an incredible financial benefit that can be leveraged by eligible military members and their families to find a home.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

What Is Basic Allowance for Housing?

The Basic Allowance for Housing is a monthly stipend to help pay for off-base housing. These funds ensure that individuals who do not qualify for on-base housing still have access to quality housing. There are three broad categories of service members who are able to qualify for BAH:

  • Individuals who are required to live off-base because there is a shortage of housing on base
  • Married soldiers of
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The VA Energy Efficient Mortgage GuideVeterans and reservists are among those who may be able to take advantage of a VA Energy Efficient Mortgage or VA EEM program. This option is best for those looking to make energy-efficient upgrades on their home that may help reduce their heating and cooling costs, as well as decrease the pollution and moisture that may enter a traditional home. Military personnel and their spouses may want to know more about the VA Energy Efficient Mortgage option before selecting a mortgage loan product.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

Why Choose to Be More Energy Efficient?

Traditionally, owners of existing homes have had to contend with

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Should You Choose Military Housing?One of the advantages of a military career may come in the form of military housing. Both individuals and those with families join the military every year and have to decide whether to live on or off base.

Because military housing is a big decision, reviewing this arrangement can help provide people with the clarity they need to make the right choice for their needs. What do military personnel need to know about this important choice?

What to Know About Living On Base

There can be financial savings to residing on base. In some situations, living on post translates to saving money that would have gone to rent and other costs of living. Individuals choosing to live on base do not receive BAH for their decision. In some cases, however, living

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A Mortgage Term Rate Breakdown for Military PersonnelMortgage term rates are not clear-cut, and there are many factors considered when a mortgage product lender offers specified terms and rates. Military personnel may find themselves with more options, as lower mortgage term rates could be tied to unique mortgages such as VA loans. That being said, not everyone may qualify for the lowest rates.

Is it better to take out a conventional loan or a VA loan? What is best with a sizeable down payment? Speaking to a mortgage lender directly is helpful. However, the following information includes a few important takeaways when it comes to mortgage term rates as they apply to reservists, veterans, and their spouses.

For informational purposes only. Always consult with a licensed mortgage or home loan

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VA Loans: Can You Save on Closing Costs?Reservists, veterans, and active duty military may be able to take advantage of a VA loan. A VA loan makes it financially easier for military personnel to own a home. Those who are looking to take out a VA loan should be aware that it will be necessary to cover closing costs separately. However, VA loan applicants have options, as it may not always be necessary for them to pay out-of-pocket for all the closing costs required.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

What Are Closing Costs?

VA loan closing costs or settlement charges are generally a significant expense. Closing costs on a home mortgage loan can run up to 5 percent of

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Who Qualifies for Military Discounts?Many businesses in Colorado Springs and beyond offer discounts as a small thanks for the service the military provides the country. These discounts cut down one's bill by as much as 30%, depending on the company's rules. But who qualifies for military discounts, and how are they acquired? Everyone can learn the answer to these questions with this helpful guide.

Who Qualifies for Military Discounts?

Military discounts are only available to:

Active Duty

Active duty refers to all individuals who are currently serving in the military on a full-time basis. They may be a part of any branch, including:

  • Army
  • Navy
  • Marines
  • Coast Guard
  • Air Force

Eligibility for the military discounts starts after enlisting and continues through

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Military Discounts on Auto Repair in Colorado SpringsMany Colorado Springs auto care centers offer military discounts to show their respect and appreciation for active and retired members of the military. The discounts may decrease the price of labor or even knock a percentage off the total bill. Finding these discounts can prove challenging, however. Thankfully, the following local auto shops offer discounts for military service members.

Trans Tech Auto & Truck

Address: Trans Tech Auto & Truck, 4285 North Nevada Avenue, Colorado Springs, Colorado 80907

For engine, transmission, and differential services, Trans Tech Auto & Truck is the premier place to go. This auto shop specializes in maintaining and repairing these parts on a wide variety of vehicles. Trans Tech Auto & Truck offers a generous

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Car Insurance Companies With Military DiscountsNational, regional, and local companies honor U.S. military personnel, their families, and veterans in many ways. Insurance companies often provide military discounts for car insurance and other policies. When looking for car insurance with military discounts in Colorado Springs, consider the following companies.

USAA

USAA (United Services Automobile Association) has served the military community and their families since 1922. USAA offers military discounts for car insurance that may include but are not limited to:

  • Military installation discounts: save up to 15 percent when the vehicle is garaged on base
  • Vehicle storage discounts: up to 60-percent discount when storing an insured car
  • Accident forgiveness
  • Bundling options with
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Best Hiking Near Fort Carson, COWith a location just east of Cheyenne Mountain State Park, Fort Carson provides access to a wealth of opportunities for people to get out, stretch their legs, and enjoy Colorado's breathtaking natural views. The area has hiking trails for people of all abilities, from beginners to seasoned experts. Wondering where to go? These are some of the area's best trails.

Manitou Incline

Built along the route of an old cable car line, this one-mile trail in Manitou Springs travels straight up the side of a mountain. The steps on Manitou Incline were created from old railroad ties and have a challenging 40 percent grade. Despite its short length, this trail provides an intense workout. Those who take it on are rewarded with spectacular views once they reach

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Contractors Offering Military Discounts in Colorado SpringsMilitary discounts in Colorado Springs, CO abound! As a community with numerous military installations such as Peterson and Schriever Air Force Bases, the US Air Force Academy and Fort Carson, numerous contractor businesses are owned an operated by veterans and their families. Of course, they provide generous discounts to their fellow service members, and here are a few places to cash in on those well-deserved discounts.

American Veteran Heating & Air

Address: American Veteran Heating & Air, 6847 Red Cardinal Loop, Colorado Springs

Phone: 719-208-5721

The name says it all at this Colorado Springs enterprise. At American Veteran Heating & Air, veterans, active duty military, first responders and Department of Defense personnel all receive

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