homeowners’ insurance.
Down Payment assistance Veterans also have access to a number of down payment assistance programs and first-time home buyer programs. Because the requirements for those with military service are often more lenient, veterans will have an easier time qualifying for these programs. These programs come in the form of grants, loans and forgivable and deferred loans and can save veterans thousands of dollars in closing costs or down payments. These programs are often managed on a state, county or municipal level, so check with your local veterans office in your region.
BOTTOM LINE
Because there are so many different benefits available to veterans to help them buy or modify a home, it’s difficult to know what you are entitled to. That’s why it’s so important to connect with your local federal, state and local veterans affairs office and to look for a lender, real estate agent or mortgage professional who is knowledgeable about veteran programs in your area. I’d be happy to help you get started.
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