As an active duty service member, a veteran receives a monthly basic housing allowance also know as “BAH”. Service members are able to purchase a home with $0 down (in most cases) and cover their monthly mortgage payments with only their BAH or just a little more than their “BAH”. Oh and before I forget, we waive all lender fee for Veterans as a way of thanking them for their service. Home ownership is a great investment towards the future because not only does it allow the homeowner to build equity but, its also tax deductible. It has been proven time and time again that owning a home is a great investment and maybe the best investment of a lifetime.
Remember whether you pay rent or own a home, you are still paying a mortgage!