In honor of Veteran's Day let's talk about VA benefits and housing.
Most active duty and retired military members know about the VA loan program or, if they don't, they should. VA loans (for a primary residence only) require no money down only that the borrower is on active duty or a retiree that meets certain criteria related to days of service and discharge status. The loan comes with a better interest rate than a conventional loan making it an attractive choice.
What not all veterans are aware of are other, related, programs offered to them.
Three no-cost resources available to veteran clients are as follows:
- Veterans Benefit Banking Program: a free consultation with a credit or financial counselor.
- VA-backed foreclosure counseling: available to any veteran or surviving spouse, regardless of loan type.
- State Departments of Veterans Affairs: many offer added homeownership benefits, like property tax relief.
Talk to your local VA office to learn more about these programs.
Inventory Up and Sales Continue to Slow
