As a military family you may be accustomed to moving often and not having a permanent address. Just as soon as you feel settled in, you may receive orders to move, so here are some tips to help with buying and selling for military families.
Active service personnel receive Basic Allowance for Housing (BAH) which varies on location, pay grade and number of dependencies, which they can use for renting or buying. Buying a home may offer lower monthly payments and the chance of appreciation, but if you think there is a good chance you will be transferred in the next couple of years, you may want to rent as you would be looking at having to recoup buying and selling costs.
If you do think you are in a stable situation you can be eligible for a VA loan which has benefits like no down payment or PMI payments, as such it maybe a good alternative if you are struggling with making the down payment.
Be sure to check with us on to see what best fits your needs in your unique situation and of course we are thankful to all of the military families for their service and sacrifice.
