Military and Veterans Archives

Military Home Loans | VA Home Loan and Other Military Mortgage Options

October 11, 2022September 19, 2024 / in Military and Veterans / Homes for Heroes

Military home loans are essentially programs designed to help military personnel find and afford new homes. They can help you at many stages of the home ownership journey, and all of them are designed to say “thank you” to active military professionals, veterans and their families. Parades and national holidays are great, but helping you find a great home within your budget is an acknowledgement of your sacrifices that can make a significant difference in your life.

VA Loan Closing Costs | What to Expect at Closing

August 25, 2022September 19, 2024 / in Military and Veterans / Homes for Heroes

VA loan closing costs are a little different than average closing costs using a conventional mortgage because there are rules about what VA borrowers can and can’t pay. Consequently, the VA closing costs are not as straightforward as you might imagine, and you’re going to need some skilled negotiators on your side to complete the process. Fortunately, Homes for Heroes can provide you with a team of negotiators to help you work through your VA loan closing day.

VA Loan for Reserves

August 17, 2022September 19, 2024 / in Military and Veterans / Homes for Heroes

The VA home loan program has been around for decades, but the VA loan for reserves is a recent development. A lot of reservists don’t even know they are eligible for the benefit. As a reservist, you should learn more about your VA benefits, and if you are in the market to buy a house, the VA loan system is something you will definitely want to take advantage of.

VA Funding Fee Chart | What is the Cost and Potential Exemptions

August 12, 2022September 19, 2024 / in Military and Veterans / Homes for Heroes

The VA funding fee is part of the process of getting a VA loan. Here we provide a VA funding fee chart so if you are in the process of trying to get one of these loan guarantees, you will have a good idea of what you may need to pay. There are some exemptions – service members and veterans who don’t have to pay the fee – and different rates apply depending on the type of loan. As you make your calculations for your VA loan to purchase a home, or refinance your mortgage, include this fee in your list of expenses.

VA Refinance Loan | Overview of How to Refinance VA Mortgage

August 5, 2022September 19, 2024 / in Military and Veterans / Homes for Heroes

The VA refinance loan comes in two varieties, and each one has distinct advantages. They are each designed for active-duty service members and veterans, and they meet very different needs. If you have been in your home for awhile and want to improve your financial circumstances, VA refinancing may be a very good option. If you thought the VA Loan Program was just about purchasing homes, think again.

Broken Arrow Blue Star Mothers Receives $10,000 Grant from Homes for Heroes Foundation

June 1, 2022September 18, 2024 / in HFH Foundation Grants / Homes for Heroes

Broken Arrow Blue Star Mothers support deployed soldiers, and each other, while assisting veteran’s organizations and homeland volunteer efforts. The Broken Arrow chapter is in Oklahoma, and it’s part of a nation-wide Blue Star Mothers organization. The Homes for Heroes Foundation gave a $10,000 grant to the organization to help it fulfill its mission. This Homes for Heroes Foundation grant is part of the Homes for Heroes’ Circle of Giving, providing assistance for heroes in dire need across the country.

Military Appreciation | Thank You Veterans, Active Duty and Reserve

April 28, 2022September 18, 2024 / in Military and Veterans / Homes for Heroes

Showing our military appreciation all year long is a great way to say thank you Veterans, Active Duty and Reserve for your service and sacrifice. Each of the six branches of the U.S. Military plays an important role in our country’s history and there are many ways you can show your appreciation for military service members and their contributions. Here we offer our gratitude, provide you with a comprehensive list of military holidays and observances, and 14 ways to show your military appreciation and offer your support any time of year. Plus, we offer a glimpse into all that Homes for Heroes is doing to support our nation’s military community by saving them money on their home and mortgage transactions, and awarding grants to assist homeless veterans in need.

Lynchburg Area Veterans Council Receives $10,000 Grant from Homes for Heroes Foundation

March 23, 2022September 18, 2024 / in HFH Foundation Grants / Homes for Heroes

Lynchburg Area Veterans Council provides financial help to homeless veterans in Virginia. The Homes for Heroes Foundation presented a $10,000 grant to the organization to help it fulfill its mission. This Homes for Heroes Foundation grant is part of the Homes for Heroes’ Circle of Giving, providing assistance for heroes in dire need across the country.

Military Housing: Your Guide to BAH Rates and Savings

May 30, 2019September 19, 2024 / in Buy a House / Homes for Heroes

The United States provides a Basic Allowance for Housing, or BAH, for all military members when governmental quarters are not available. The BAH helps ensure that military members have equitable housing compensation. The BAH you receive depends on the housing rates near your base, your dependency status, utilities, renters’ insurance, and your pay grade. If those variables change at all in your area, there will likely be a corresponding change in your BAH rate. Here are some frequently asked questions about BAH, a link to a BAH calculator, as well as some tips on how you can save money when buying a home in 2021.

Buying a House When Your Spouse Is Deployed

November 20, 2018September 19, 2024 / in Buy a House / Homes for Heroes

A deployment is one of the hardest things a member of the armed forces can experience in their military career. But it’s almost equally difficult for families who miss their loved ones and want to see them return safe. Many spouses dream of having their spouse come back to a brand-new house so they can jumpstart their lives stateside again. But buying a home is extremely complex, especially if your spouse is overseas and unable to help in the search. But, that doesn’t mean it’s impossible! Here are some tips when buying a house when your spouse is deployed.

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