PCS Season Has Ended. Is Now a Good Time to Buy a House?

Summer is PCS season and, by military standards, has come to an end. Many military families are settling into new communities, duties, and jobs. If you’re like most, you’ve spent months preparing for the move.

PCS season has ended. Is now a good time to buy a house

Will you live on post? Do you rent a house or an apartment? Where are the best school districts?

The entire process can be exhausting.

Being a part of the military community can mean moving every two or three years. Moving is part of military life and, depending on how you choose to look at it, is an excellent opportunity to experience new places, people and a whole lot of culture. However, as the above questions indicate, it can be challenging.

Does it make sense to live on post? In many cases, yes, it does. Living on post provides the necessary accommodations, and you’re able to interact with other military families who may be a support system in situations of deployments, TDY and training away from home. However, in many military communities, there are waiting lists. In some cases, you may be on this list for six months to a year!

To rent a house or an apartment? There are pros and cons to both. Apartment living may restrict social activities or space while renting a home has its issues, like lawn upkeep and HOAs.

Which school districts are best, worst? Although there are many resources to help you find the best schools, you’ll still need to think about what happens when your lease expires or when you finally receive the call that on-post housing is now available.

Deciding to buy a home after a PCS

Ask the VA mortgage experts, and they will agree: there is hardly ever a wrong time for military members to use their benefits to purchase a home. VA loans are backed by the federal government to provide better interest rates with low or no down-payments and so are ideal for first-time homebuyers. These federally-backed loans make it possible for service members and their families to take advantage of affordable mortgages and purchase new homes — a goal that in some cases they otherwise wouldn’t be able to achieve.

At Uniform Services Veterans Mortgage, we enjoy the satisfaction of helping service members through the process of buying a home. We help first-time military homebuyers circumvent the various issues they face with traditional loans and guide them through the VA home loan process.

Here are some of the benefits of a VA loan:
NO DOWN PAYMENT
For many military families, saving for a down payment is difficult. A VA Loan covers 100% of your home purchase, which means there’s no down payment!

ELIGIBILITY EASE
Let’s face it; traditional loans are hard to get because there is a list of stringent eligibility criteria and qualification requirements. For example, if there’s no strong credit history, you may have a hard time getting approved. Whereas, it’s much easier to qualify for a great interest rate with a VA loan.

MAKE LOWER MONTHLY PAYMENTS
VA loans don’t require private mortgage insurance (PMI), which is quite costly. Without the expense of PMI, it means lower monthly payments – leaving money in your pocket! Coupled with affordable interest rates, VA Loans can save you thousands of dollars over the loan’s term.

Other Benefits Include:

  • Equal opportunities for veterans to buy a house
  • Closing cost limitation
  • Long repayment period
  • No pre-payment penalty
  • May be assumable

Stats show that nearly 38% of military members own their homes. Yes, it’s a huge plunge, but even during a stressful time like PCS season, many military families find it in their best interest to buy their own home.

Uniform Services Veterans Mortgage believes veterans and their families deserve to live in the home of their dreams. Our mission is to help you understand and use your VA benefits to achieve just that.

If you are interested in purchasing a home using your veteran benefits, saving money through a VA interest rate reduction refinance loan or taking cash out of your house, let our team of experienced VA mortgage professionals show you how easily VA home loans can become a reality!

Get Started Now!  



 

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