There’s a certain hierarchy when it comes to what home sellers are looking for in an offer. An all-cash offer is generally considered the strongest and most desirable because there is no loan required. Offers that involve government-backed loans like VA loans are often considered on the lower end of the spectrum, mostly because some people believe that VA loans make a deal harder to close. That may have been true at one point, but those days are long gone. Still, these beliefs persist. So, if you’re an active duty military member or veteran using a VA loan to buy a house, you’ll need to make sure your offer is as strong as possible to have the best chance of getting accepted. Here are some tips on purchasing a house with a VA loan and crafting a winning offer.
The Homes for Heroes Foundation awarded a $5,000 grant to the Special Forces Foundation to help support the family of fallen Master Sgt. Luis F. DeLeon-Figueroa who was killed in action on August 21, 2019 while serving during Operation Freedom’s Sentinel. Luis is survived by his fiancee and their daughter, and the Homes for Heroes Foundation grant will go toward helping them make mortgage payments and cover other expenses.
Thanks to Homes for Heroes real estate specialist, Greg Stroud, in Tennessee who nominated AMVETS Tennessee Post 1776 to receive a $5,000 hero grant from the Homes for Heroes Foundation. The grant allowed AMVETS to provide financial assistance for Tennessee veterans and their families in dire need.
Thanks to Homes for Heroes mortgage specialist, Jillian Burry, who nominated Support The Enlisted Project (STEP) to receive a $5,000 hero grant from the Homes for Heroes Foundation. The grant allowed STEP to help several military families in the San Diego, Southern California area receive the assistance they needed to stay in their home and make progress toward financial self-sufficiency.
The Homes for Heroes Foundation donated $5,000 to the Veterans Airlift Command (VAC) to help finance 18 flights for service members like Sergeant Major, Ben (active duty Army Special Forces). In SGM Ben’s case, the flight allowed him to take a break from his inpatient rehabilitation in Virginia to visit his family in Florida for a few days.
In May 2019, to honor Military Appreciation Month the Homes for Heroes Foundation presented five grants totaling $50,000 to five non-profit organizations who support homeless Veterans. The five organizations are all members of the National Coalition for Homeless Veterans (NCHV) and will use the grant to directly help Veterans by finding them emergency, temporary and permanent affordable housing. Each $10,000 donation will help serve those who have bravely served our country.
The United States gives its military members a Basic Allowance for Housing, or BAH. If governmental quarters are not available, the BAH provides military members with equitable housing compensation. The BAH you receive depends on the housing rates near your base, your dependency status, utilities, renters’ insurance and your pay grade. If those variables change at all in your area, there will likely be a corresponding change in your BAH rate. Here’s everything you need to know about BAH, a BAH calculator and significant savings on a home to help you.
Veterans Day is about honoring the sacrifice of all men and women who proudly served in our armed forces. It’s a day for remembering that freedom isn’t free, and there are men and women who worked and fought to protect those freedoms and our beloved country. It’s a day to honor a tradition of service that ensures all Americans enjoy the right to life, liberty and the pursuit of happiness.
VA home loans are a great benefit available to almost all members of the armed forces. We say almost because there are some eligibility requirements you’ll have to meet in order to secure the loan. Let’s take a look at what those requirements are and why a VA home loan could be just what you and your family need to buy the home of your dreams.