Tommy joined the military at age 17. And although he no longer serves his country wearing combat boots and BDUs, Tommy is passionate about serving military families in their search for a home, whether temporary or permanent.
His military background, coupled with a firm understanding of the DoD’s regulations, puts him in a unique position to offer the guidance and support members of the military require:
Relocation
Military families move an average of once every three years. It’s the third highest cause of stress after divorce and death of a relative. Working with a real estate agent who has first hand PCS knowledge and experience.
VA loans
In 2016 alone, more than 700,000 home loans have been guaranteed by the VA. It’s an unprecedented number, and shows just how important VA loans are to helping military families achieve their homeownership dreams. There are specific requirements to earning a VA loan, however, and working with a Real Estate agent who can navigate the nuances can pay off.
IRRRL
Interest rate reduction refinancing loans can help military families lower their mortgage payments. According to the U.S. Department of Veterans Affairs, an IRRRL can only be made to refinance a property on which you have already used your VA loan eligibility. It must be a VA-to-VA refinance, and it will reuse the entitlement you originally used.
Tax-free housing allowances
The DOD states that military service members who rent civilian housing can qualify for BAH rates with no out-of-pocket expenses. As with other incentives, certain qualifications must be met. Working with a real estate agent who has a military background can be helpful in understanding the most recent BAH tables and how it might impact your home search.
Buy vs. rent considerations
Several factors can influence a military family’s decision to buy or rent a home. In addition to typical factors that impact civilian homebuyers, such as budget and interest rates, military personnel also need to consider the length of their PCS orders and the BRAC issues that affect specific military bases, among other things.
Blind rentals/purchases
Renting or even purchasing a house without seeing it in person is a fact of life for many military service people. In these cases, having a real estate agent you trust, and who understands your needs and your situation can be invaluable.
Accelerated timelines
Military families typically have fewer house hunting days than civilians when it comes to finding and purchasing a home. (more to come…)
As a real estate broker and agent, Tommy considers it an honor to help those who serve our country find a home. As a licensed mortgage broker specializing in VA loans, he couldn’t be more proud to guide these honorable men and women through the real estate process, from pre qualification all the way to closing.
Tommy, and everyone at Vegas One Realty, is committed to serving military men and women with the same attention to detail, respect and integrity with which they serve our country.
Contact Tommy and his team today. We look forward to serving you!
