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Military couples often assume that renting is a better option than buying. That's understandable. They don't want to use up their eligibility for zero-down financing on what may turn out to be just a short-term posting to Fort Sill.
There are several options if you don't want to use your VA mortgage benefit. First, you should know that VA eligibility can be reused, so be sure to ask us how that works.
What's more, FHA financing offers a wonderful opportunity to get 100% financing — just like VA — without using up your eligibility. With base reallocation driving up rental rates around Fort Sill and Lawton, you may end up spending less on monthly mortgage payments than you would spend on rent. At the same time, you will be building equity, building your credit history, and enjoying the freedom of living in your own home.
The Jefferson Bentley Real Estate team works very closely with several lenders to ensure that military home buyers get the best possible rate programs and financing available. Give us a call at 580-536-4050 or email us to learn more about how you can buy a home near Fort Sill.
Read about how one military family profited from buying instead of renting.
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