People join the military for several reasons. Whether they are following a family legacy or starting a new course, many people find their perfect career in the armed forces. Besides the obvious personal growth, such as learning discipline, the military offers social benefits, especially for its veterans. One of the major benefits that these American heroes may receive is housing assistance.
Two ways veterans receive housing assistance
- Let’s start with finding a place to live. There are VA loans for veterans that allow them to buy homes with no down payment and some of the lowest interest rates. When you get approved for a VA loan, the VA will insure against default. And this allows banks and other lenders to offer you a more favorable rate.
- If you’re a veteran and you’re not exactly sold on owning a house, there are programs that will cover rent or utility costs. Many people suffer from rent burden and spend much more than 30% of their monthly income on rent. These programs could help you get back on your feet before you decide to own real estate.
There are more benefits available
You may be thinking of joining the military and want to know about life after service. Or you may be a veteran and aren’t sure of all your options. These benefits are only a few of many services for those who have served their country. Check out this site for more info on housing. Another perk that the military offers is generous tuition assistance. To learn more, check out this interview with two former military officers and current graduate students.