Before we go house-hunting, you need to know what your budget is. You need to get pre-qualified by a loan officer. Part of your military benefits is eligibility for VA financing. This is where private lenders provide your mortgage and the VA guarantees a portion of the loan which allows the lender to offer more favorable terms. Some of these benefits are:

• No required down payment – the lender may require one, but the VA doesn’t require it
• Limited closing costs
• Lifetime use of the VA certificate
• Competitively low interest rates
• No need for Private Mortgage Insurance

Another benefit, is your Basic Allowance for Housing. Your BAH is based on location and rank and can be a tremendous assistance to you and your family.

You will need to contact your lender to get your pre-qualification letter to your realtor. If you need a lender, I can put you in contact with one that will serve you.