Military Home buying Tips

Military Home Buying Tips

Do you hate renting? Hate throwing your paycheck away month after month? Maybe buying a house is right for you. Buying a house is a huge decision and you need to weigh the risks and benefits by your lifestyle and personal needs.

My husband and I decided that we’d like to buy a starter home so that we could start building equity. We were tired of not being able to make decisions about conditions where we were living. We found it impossible to rent an apartment who allowed our pets. We also decided that because it was impossible in many cases to decorate / care for / get maintenance for our rental when we needed. Needless to say, it was time to buy!

Here are a few steps and guidelines to military home buying that I can offer you from my own personal experience.

#1) Make a list of MUST HAVE’S.

It is important to have a list of must haves, and be sure to note which ones you may be able to compromise.


Decide what your MAX budget is and decide what you’d like to stay under. STICK TO IT!


There are quite a few options, mortgage rates are mortgages rates. I found in my experience that a smaller local bank actually offered me a much better rate. BUT, you have to be aware that your mortgage could possibly be sold off to another larger bank.

VA LOAN: (see for information.)
VA will guarantee a maximum of 25 percent of a home loan amount up to $104,250, which limits the maximum loan amount to $417,000. Generally, the reasonable value of the property or the purchase price, whichever is less, plus the funding fee may be borrowed. All veterans must qualify, for they are not automatically eligible for the program.

VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home, which must be for their own personal occupancy. The guaranty means the lender is protected against loss if you or a later owner fails to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment allowing you to obtain favorable financing terms.

Basically, you do not have to put any money as a down payment. It’s a great option and I couldn’t be more pleased with my experience using the VA Loan.

I hope that this information has helped, and if you want to ask questions or comment feel free to do so. I can help you give my opinion and experiences. But remember, buying a house is a different experience for everyone.

military home buying tips


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