Military Moves Matter

    Military Moves Matter
    FAQ when making a move to/from Virginia

    • Reserves and National Guard are eligible for VA home mortgage financing.
    • About 22% of military families live in DoD housing on or off base.
    • There are sometimes month-long wait lists for military housing.
    • Our team takes your concerns as a top priority; affordability, building equity, close proximity to military community, safety, quality of schools, length of tour, commute and flexibility.
    • BAH rates are determined by local costs of rent,utilities,and renter’s insurance, as well as rank and number of dependents.
    • When purchasing, Veterans do not pay realtor commissions.
    • Weight allowance for shipping household goods vary based on rank and dependents.
    • Service members receive mileage reimbursement for driving a car to their new location. If the PCS move is OCONUS, the military will pay to ship one POV.
    • DITY moves have NO weight restrictions and service members are entitled to 95% of what the military would pay a contractor to move, in most cases 60% can be received in advance to cover moving expenses.
    • The Servicemember Civil Relief Act provides a three-month grace period during which mortgage lenders may not foreclose or seize a property during deployment.
    • The Move Virginia Team is actively involved with serving our armed forces through Military Ministries, providing support to our service members and their families.
    • There are grants available for first time home buying service members.
    • The Move Virginia Team has a website dedicated to answering all you real estate questions, including a BAH calculator, links to schools, neighborhood reports, moving the family info, handbooks, etc.
    • Retirees have one year to take advantage of moving benefits and the military will pay for a move anywhere within the US, including Alaska and Hawaii.
    • When using a VA loan, service members do not pay a down payment as long as the sales price doesn’t exceed the appraised value of the property.
    • The Move Virginia Team has preferred lenders, who specifically work with service members.
    • When purchasing, seller concessions cannot exceed 4% of the established reasonable value of the property (not the loan amount).
    • Lower Closing Costs- The VA has instituted advantages for veterans seeking financing, in that they are limited to the types of closing costs that may be paid by them, helping the veteran save money at the closing table.
    • No PMI- Since VA puts a guarantee on the loan, it not only requires no PMI, it also prohibits lenders from requiring it. When most other loans that put less than 20% down require monthly mortgage insurance, the VA loan is one of the only loans that does not, even with 100% financing.

    Let us find a new home base for your troops!